Energy Company of Minas Gerais (CIG)

11.00 +0.24  +2.23%  May 17, 8:00PM
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Energy Company of Minas Gerais Current Ratio:

0.8381 for Dec. 31, 2012
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Energy Company of Minas Gerais Current Ratio Chart

    Energy Company of Minas Gerais Historical Current Ratio Data

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    Data for this Date Range  
    Dec. 31, 2012 0.8381
    Sept. 30, 2012 0.9046
    June 30, 2012 0.6587
    March 31, 2012 0.9003
    Dec. 31, 2011 0.7011
    Sept. 30, 2011 1.191
    June 30, 2011
    March 31, 2011 1.110
    Dec. 31, 2010 1.263
    Sept. 30, 2010 1.550
    June 30, 2010 1.490
    March 31, 2010 1.551
    Dec. 31, 2009 0.8383
    Sept. 30, 2009 1.367
    June 30, 2009 1.361
    March 31, 2009 1.405
    Dec. 31, 2008 1.271
    Sept. 30, 2008 1.670
    June 30, 2008 1.639
       
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    About Current Ratio

    The current ratio measures a company's ability to pay short-term debts and other current liabilities (financial obligations lasting less than one year) by comparing current assets to current liabilities. The ratio illustrates a company's ability to remain solvent.

    A current ratio of one means that book value of current assets is exactly the same as book value of current liabilities. In general, investors look for a company with a current ratio of 2:1, meaning current assets twice as large as current liabilities. A current ratio less than one indicates the company might have problems meeting short-term financial obligations. If the ratio is too high, the company may not be efficiently using its current assets or short term financing facilities.

    Other similar solvency ratios include :
    Cash Ratio - Measures the amount of cash that can be used to pay liabilities (most strict)
    Quick Ratio - Measures the amount of cash, short term equivalents, and accounts receivables that can be used to pay liabilities (more lenient than cash ratio, but stricter than current ratio)
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    CIG Current Ratio Benchmarks

    Companies
    Energy Company of Parana 1.650
    CPFL Energy 1.084
    Huaneng Power International 0.4014

    CIG Current Ratio Rankings

    Overall 47th percentile
    3981 of 7590
    Sector 37th percentile
    78 of 124 in Utilities
    Industry 50th percentile
    13 of 26 in Utilities - Diversified

    CIG Current Ratio Range, Past 5 Years

    Minimum 0.6587 Jun 2012
    Maximum 1.670 Sep 2008
    Average 1.206