CEMIG’s total debt at the end of 2018 was R$ 14,772 million, with foreign-denominated debt of R$ 5,827 million, or 39,4%, and domestic currency-denominated debt of R$ 8,945 million, or 60,6%.
Nevertheless, all the parameters that measure the Company’s financial health are at very comfortable levels, such as the net debt/EBITDA ratio, which was 3,52 interest coverage. The policy of financial management seeks to assure sustained growth and value creation for the shareholders by acting in a way to maximize the financial result:
- The level of debt seeks to maximize the benefits of the capital structure;
- Reduction of the weighted average cost of capital;
- Expanded access to the financial markets;
- Combination of reduced costs with longer periods;
|Total Debt Cemig Consolidated|
|12/31/2018||12/31/2017||Short Term||Long Term||12/31/2016|