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CMS EnergyCMS -0.20%67 Cash-to-Debt is 0.01 as of Jun. 2026, which is 67% below its 10-year median of 0.03. GuruFocus rates CMS with a GF Score™ of 67/100 and a GF Value™ of $75.55 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 481 Utilities - Regulated companies, CMS Energy ranks worse than 94.39% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. CMS Energy's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.01.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, CMS Energycouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for CMS Energy's Cash-to-Debt or its related term are showing as below:
CMS'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.1
Current: 0.01
During the past 13 years, CMS Energy's highest Cash to Debt Ratio was 0.10. The lowest was 0.00. And the median was 0.03.
CMS's Cash-to-Debt is ranked worse than 94.39% of 481
companies
in the Utilities - Regulated industry
Industry Median: 0.22
vs CMS: 0.01
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
CMS Energy Cash-to-Debt Related Terms
CMS Energy Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for CMS Energy's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Utilities - Regulated Electric subindustry, CMS Energy's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CMS Energy Cash-to-Debt vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CMS Energy's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where CMS Energy's Cash-to-Debt falls into.
* 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.
CMS Energy (CMS) has a Cash-to-Debt of 0.01 as of Jun. 2026. This is 67% below median its historical median of 0.03. According to the industry distribution chart, CMS Energy ranks #454 out of 481 companies in the Utilities - Regulated industry, placing it in the top 94.4%.
Is CMS Energy's Cash-to-Debt too high?
CMS Energy's current Cash-to-Debt of 0.01 is 67% below median its 10-year median of 0.03. The Utilities - Regulated industry median Cash-to-Debt is 0.22. CMS Energy's value of 0.01 is 95.5% below this industry median. Based on the distribution chart, CMS Energy ranks #454 out of 481 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, CMS Energy has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's Cash-to-Debt compare to EVRG and LNT?
According to the Utilities - Regulated industry distribution chart, CMS Energy ranks #454 out of 481 companies for Cash-to-Debt. This places CMS Energy in the lower half of its industry. The industry median Cash-to-Debt is 0.22. CMS Energy's value of 0.01 is 95.5% below this benchmark. While the company's 10-year median is 0.03 vs. the industry median of 0.22, CMS Energy has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Utilities - Regulated company?
The median Cash-to-Debt among Utilities - Regulated companies is 0.22, based on 481 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CMS Energy's current Cash-to-Debt of 0.01 is 95.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median Cash-to-Debt is 0.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMS Energy's current Cash-to-Debt is 0.01, which is 67% below median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMS Energy stock overvalued right now?
Based on GuruFocus' analysis, CMS Energy (CMS) is currently considered Modestly Undervalued. The stock's GF Value™ is $75.55, compared to a current price of $68.21 — trading 9.7% below its estimated fair value. The current Cash-to-Debt is 0.01, which is 67% below median its 10-year median of 0.03 and 95.5% below the Utilities - Regulated industry median of 0.22. CMS Energy's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For CMS Energy (CMS), the current Cash-to-Debt is 0.01 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CMS Energy (CMS) Overvalued in 2026?
Based on GuruFocus' analysis, CMS Energy stock appears to be undervalued.
The current stock price of $68.21 is trading 9.7% below its estimated GF Value™ of $75.55.
GuruFocus considers CMS Energy to be Modestly Undervalued.
Key valuation signals for CMS:
Cash-to-Debt: 0.01 (67% below median its 10-year median of 0.03)
GF Value™: $75.55 vs. price of $68.21 (9.7% below fair value)
Industry Position: 95.5% below the Utilities - Regulated median (#454 of 481)
No single metric tells the full story. See the CMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. NorthStar Clean Energy, formerly CMS Enterprises, is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
67GF Score
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