Energy Retained Earnings vs Other Stockholder Equity Analysis

CIG-C Stock  USD 2.42  0.06  2.42%   
Energy Of financial indicator trend analysis is much more than just examining Energy of Minas latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy of Minas is a good investment. Please check the relationship between Energy Of Retained Earnings and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Energy of Minas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Retained Earnings vs Other Stockholder Equity

Retained Earnings vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Energy of Minas Retained Earnings account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Energy Of's Retained Earnings and Other Stockholder Equity is -0.68. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Energy of Minas, assuming nothing else is changed. The correlation between historical values of Energy Of's Retained Earnings and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Energy of Minas are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Retained Earnings i.e., Energy Of's Retained Earnings and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.68
Relationship DirectionNegative 
Relationship StrengthWeak

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Other Stockholder Equity

Most indicators from Energy Of's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy of Minas current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Energy of Minas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At present, Energy Of's Discontinued Operations is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Expense1.7B2.5B1.0B1.2B
Depreciation And Amortization1.0B1.2B1.3B938.7M

Energy Of fundamental ratios Correlations

0.580.60.710.79-0.80.040.60.540.650.040.910.630.520.710.740.660.640.880.45-0.450.96-0.510.82-0.070.62
0.580.160.620.11-0.40.070.98-0.130.180.350.540.310.680.360.360.020.630.620.490.00.74-0.50.450.650.11
0.60.160.760.3-0.47-0.370.210.240.19-0.210.270.07-0.050.260.340.340.090.36-0.05-0.230.64-0.360.88-0.30.25
0.710.620.760.28-0.360.050.620.050.250.160.430.180.390.410.370.250.380.40.18-0.220.79-0.280.860.330.25
0.790.110.30.28-0.690.190.110.770.790.030.860.670.390.680.710.820.480.640.39-0.590.57-0.20.45-0.360.76
-0.8-0.4-0.47-0.36-0.690.21-0.48-0.5-0.560.34-0.81-0.39-0.24-0.49-0.79-0.58-0.56-0.83-0.280.45-0.750.76-0.540.33-0.59
0.040.07-0.370.050.190.210.00.320.480.380.160.150.250.560.310.140.14-0.110.25-0.5-0.050.37-0.140.370.48
0.60.980.210.620.11-0.480.0-0.110.180.170.570.280.590.350.380.050.640.660.42-0.010.77-0.570.470.580.11
0.54-0.130.240.050.77-0.50.32-0.110.88-0.110.60.580.110.790.730.60.320.490.3-0.680.36-0.080.3-0.50.86
0.650.180.190.250.79-0.560.480.180.880.030.740.490.320.910.850.550.50.540.39-0.80.49-0.180.32-0.20.95
0.040.35-0.210.160.030.340.380.17-0.110.030.020.250.650.15-0.03-0.120.11-0.070.470.080.040.270.050.530.02
0.910.540.270.430.86-0.810.160.570.60.740.020.720.520.730.760.720.660.870.49-0.50.81-0.440.5-0.030.67
0.630.310.070.180.67-0.390.150.280.580.490.250.720.440.480.420.540.390.660.43-0.160.53-0.080.31-0.020.43
0.520.68-0.050.390.39-0.240.250.590.110.320.650.520.440.390.320.050.820.480.750.030.53-0.180.350.470.22
0.710.360.260.410.68-0.490.560.350.790.910.150.730.480.390.810.550.490.60.43-0.780.62-0.190.46-0.030.86
0.740.360.340.370.71-0.790.310.380.730.85-0.030.760.420.320.810.530.520.690.43-0.730.65-0.490.49-0.190.92
0.660.020.340.250.82-0.580.140.050.60.55-0.120.720.540.050.550.530.120.510.25-0.520.47-0.090.38-0.360.55
0.640.630.090.380.48-0.560.140.640.320.50.110.660.390.820.490.520.120.680.65-0.10.66-0.430.420.210.37
0.880.620.360.40.64-0.83-0.110.660.490.54-0.070.870.660.480.60.690.510.680.49-0.280.88-0.670.61-0.130.49
0.450.49-0.050.180.39-0.280.250.420.30.390.470.490.430.750.430.430.250.650.49-0.060.42-0.190.260.220.33
-0.450.0-0.23-0.22-0.590.45-0.5-0.01-0.68-0.80.08-0.5-0.160.03-0.78-0.73-0.52-0.1-0.28-0.06-0.30.25-0.240.25-0.87
0.960.740.640.790.57-0.75-0.050.770.360.490.040.810.530.530.620.650.470.660.880.42-0.3-0.590.860.080.46
-0.51-0.5-0.36-0.28-0.20.760.37-0.57-0.08-0.180.27-0.44-0.08-0.18-0.19-0.49-0.09-0.43-0.67-0.190.25-0.59-0.430.15-0.25
0.820.450.880.860.45-0.54-0.140.470.30.320.050.50.310.350.460.490.380.420.610.26-0.240.86-0.43-0.10.35
-0.070.65-0.30.33-0.360.330.370.58-0.5-0.20.53-0.03-0.020.47-0.03-0.19-0.360.21-0.130.220.250.080.15-0.1-0.26
0.620.110.250.250.76-0.590.480.110.860.950.020.670.430.220.860.920.550.370.490.33-0.870.46-0.250.35-0.26
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Energy Of Account Relationship Matchups

Energy Of fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets49.9B54.1B52.0B53.7B55B37.9B
Short Long Term Debt Total15.1B15.2B11.6B10.9B10.3B11.0B
Other Current Liab1.1B4.1B4.8B4.6B5.1B2.8B
Total Current Liabilities8.7B9.7B10.7B11.2B13.1B9.2B
Total Stockholder Equity15.1B17.5B19.5B21.8B22.8B13.6B
Property Plant And Equipment Net2.7B2.6B2.6B2.7B3.7B6.1B
Current Deferred Revenue2.8B1.1B1.4B2.3B5.3B5.5B
Net Debt14.5B13.6B10.8B9.5B8.7B9.5B
Retained Earnings7.9B10.1B10.9B10.4B13.0B13.7B
Accounts Payable2.1B2.4B2.9B3.3B3.7B3.9B
Cash536M1.7B825M1.4B1.5B1.5B
Non Current Assets Total39.8B38.6B39.1B40.2B43.1B28.7B
Non Currrent Assets Other10.9B11.8B10.6B9.5B10.8B5.8B
Cash And Short Term Investments2.4B5.3B4.1B4.2B3.1B2.9B
Net Receivables5.6B5.1B5.0B5.5B7.4B7.7B
Common Stock Shares Outstanding2.3B2.2B2.2B2.2B2.9B1.9B
Short Term Investments1.8B3.6B3.2B2.8B1.6B2.0B
Liabilities And Stockholders Equity49.9B54.1B52.0B53.7B55B37.9B
Non Current Liabilities Total26.1B26.9B21.9B20.7B17.3B15.0B
Other Current Assets596M2.4B862M889M1.4B1.1B
Other Stockholder Equity(7.9B)(265K)(963K)(14.1B)(16.5B)(15.7B)
Total Liab34.9B36.6B32.6B31.9B30.3B24.2B
Property Plant And Equipment Gross2.7B2.6B7.9B2.7B9.1B6.5B
Total Current Assets10.1B15.5B12.9B13.5B11.9B9.2B
Accumulated Other Comprehensive Income7.8B12.3B13.2B12.6B15.3B16.1B
Short Term Debt2.8B2.1B1.5B1.0B2.7B2.9B
Inventory39M1.8B(1.7B)(1.7B)(1.1B)(1.1B)
Intangible Assets11.6B11.8B13.0B14.6B15.2B8.4B
Other Liab7.9B13.9B13.8B11.8B13.6B9.4B
Net Tangible Assets(1.1B)(588.2M)1.9B1.5B1.4B1.4B
Other Assets(1M)11.8B11.9B12.0B13.8B14.4B
Long Term Debt12.0B13.0B9.9B9.6B7.2B11.1B
Long Term Investments5.4B6.2B10.4B10.2B10.4B10.5B
Short Long Term Debt2.7B2.1B1.5B955M2.6B2.6B
Property Plant Equipment2.7B2.7B2.6B2.6B2.4B2.9B
Capital Lease Obligations288M227M244M354M433M454.7M

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Other Information on Investing in Energy Stock

Balance Sheet is a snapshot of the financial position of Energy of Minas at a specified time, usually calculated after every quarter, six months, or one year. Energy Of Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Energy Of and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Energy currently owns. An asset can also be divided into two categories, current and non-current.