CMS Energy (CMS Energy) Debt-to-Equity

: 2.07 (As of Dec. 2023)

View and export this data going back to 1987. Start your Free Trial

CMS Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,073 Mil. CMS Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14,570 Mil. CMS Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $7,544 Mil. CMS Energy's debt to equity for the quarter that ended in Dec. 2023 was 2.07.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for CMS Energy's Debt-to-Equity or its related term are showing as below:

CMS' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.88 Med: 2.36 Max: 2.64
Current: 2.07

During the past 13 years, the highest Debt-to-Equity Ratio of CMS Energy was 2.64. The lowest was 1.88. And the median was 2.36.

CMS's Debt-to-Equity is ranked worse than
87.13% of 474 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs CMS: 2.07

CMS Energy Debt-to-Equity Historical Data

The historical data trend for CMS Energy's Debt-to-Equity 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.

* Premium members only.

CMS Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.64

2.26

1.88

2.04

2.07

CMS Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																2.04	2.05	2.12	2.15	2.07

Competitive Comparison

For the Utilities - Regulated Electric subindustry, CMS Energy's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

For the Utilities - Regulated industry and Utilities sector, CMS Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CMS Energy's Debt-to-Equity falls into.

CMS Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CMS Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1073	+	14570)	/	7544
	=	2.07

CMS Energy's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1073	+	14570)	/	7544
	=	2.07

CMS Energy (NYSE:CMS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

CMS Energy Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of CMS Energy's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

CMS Energy (CMS Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CMS Energy Corp (NYSE:CMS) » Definitions » Debt-to-Equity

Comparable Companies

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