CMS Energy (CMS Energy) Interest Expense : $-673 Mil (TTM As of Mar. 2024)

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What is CMS Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CMS Energy's interest expense for the three months ended in Mar. 2024 was $ -177 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-673 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. CMS Energy's Operating Income for the three months ended in Mar. 2024 was $ 412 Mil. CMS Energy's Interest Expense for the three months ended in Mar. 2024 was $ -177 Mil. CMS Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 2.33. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CMS Energy Interest Expense Historical Data

The historical data trend for CMS Energy's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CMS Energy Interest Expense Chart

CMS Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-460.00

-505.00

-500.00

-519.00

-643.00

CMS Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-147.00	-160.00	-164.00	-172.00	-177.00

CMS Energy Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-673 Mil.

CMS Energy (NYSE:CMS) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CMS Energy's Interest Expense for the three months ended in Mar. 2024 was $-177 Mil. Its Operating Income for the three months ended in Mar. 2024 was $412 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $15,806 Mil.

CMS Energy's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	412	/	-177
	=	2.33

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. CMS Energy Corp interest coverage is 1.92, which is low.

CMS Energy (CMS Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CMS Energy Corp (NYSE:CMS) » Definitions » Interest Expense

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CNP AEE PPL ES AGR FE ETR LNT DTE EVRG NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

CMSpC.PFD:USA CMS1:Mexico CSG:Germany CSG:Germany

Address

One Energy Plaza, Jackson, MI, USA, 49201

Website

https://www.cmsenergy.com

CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.

Executives

Brandon J. Hofmeister	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Brian F Rich	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
John G Russell	director	ONE ENERGY PLAZA, JACKSON MI 49201
Jon E Barfield	director	1255 COTTINGHAM RO HOME, BLOOMFIELD HILLS MI 48304
Catherine A Hendrian	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Ralph Izzo	director	PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194
Shaun M Johnson	officer: SVP and General Counsel	ONE ENERGY PLAZA, JACKSON MI 49201
Scott B Mcintosh	officer: VP, Controller, CAO	ONE ENERGY PLAZA, JACKSON MI 49201
Dhenuvakonda Rao Venkat	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Tonya L Berry	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Jean-francois Brossoit	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Glenn P Barba	officer: VP, Controller, CAO	ONE ENERGY PLAZA, JACKSON MI 49201
William D Harvey	director	5 SHADE TREE COURT, MADISON WI 53717
Ronald J Tanski	director	NATIONAL FUEL GAS COMPANY, 6363 MAIN ST, WILLIAMSVILLE NY 14221
Kurt L Darrow	director	ONE LA-Z-BOY DRIVE, MONROE MI 48162