Is ENERGY CO OF MINAS GERAIS (CIG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 183.3% / 30% | 49.7% / 30% | 106.2% / 30% | 0.75% / 5% | ✗ NOT HALAL |
| DJIM | 183.3% / 33% | 49.7% / 33% | 106.2% / 33% | 0.75% / 5% | ✗ NOT HALAL |
| MSCI | 21.3% / 33% | 5.8% / 33% | 12.3% / 33% | 0.75% / 5% | ✓ HALAL |
| S&P | 183.3% / 33% | 49.7% / 33% | 106.2% / 33% | 0.75% / 5% | ✗ NOT HALAL |
| FTSE | 21.3% / 33% | 5.8% / 33% | 12.3% / 50% | 0.75% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 12.5% | |
| Operating Margin | 20.1% | |
| Net Margin | 11.5% | |
| Return on Equity (ROE) | 17.5% | |
| Return on Assets (ROA) | 6.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $5.5B |
| Free Cash Flow | $4.6B |
| Total Debt | $12.7B |
| Debt-to-Equity | 69.6 |
| Current Ratio | 1.0 |
| Total Assets | $59.7B |
Price & Trading
| Last Close | $2.36 |
| 50-Day MA | $2.23 |
| 200-Day MA | $2.06 |
| Avg Volume | 5.5M |
| Beta | 0.3 |
|
52-Week Range
$1.59
| |
About ENERGY CO OF MINAS GERAIS (CIG)
Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2024, the company operated 36 hydro plants with a total capacity of 4,449.0 MW, 2 wind farms with a total capacity of 70.8 MW, and 10 photovoltaic power stations with a total capacity of 158.99 MW; 357,044 miles of distribution lines; and 4,754 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; sale and trading of energy; construction, implementation, operation and maintenance of electricity transmission; marketing and intermediation of energy-related business; installation, operation, maintenance and rental of solar plants; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.
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Frequently Asked Questions
Is ENERGY CO OF MINAS GERAIS (CIG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ENERGY CO OF MINAS GERAIS is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is ENERGY CO OF MINAS GERAIS's debt ratio?
ENERGY CO OF MINAS GERAIS's debt ratio is 183.3% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 21.3%.
What are ENERGY CO OF MINAS GERAIS's key financial metrics?
ENERGY CO OF MINAS GERAIS has a market capitalization of $7.4B, trailing P/E ratio of 7.1, and revenue of $39.8B. The company maintains a gross margin of 12.5% and a net margin of 11.5%. Return on equity stands at 17.5%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.