This paper presents a phase-plane trajectory analysis and the appliance of Lyapunov´s methodology to evaluate the stability limits of a small signal model of a Microgrid system. The work done is based on a non-linear tool and several computer simulations. The study indicates how to analyze a Microgrid system that is subjected to a severe transient disturbance by using its large signal model without the necessity of the small signal analysis as it is commonly applied.