CMS (CMS Energy) Debt-to-Asset : 0.47 (As of Jun. 2026)

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CMS CMS Energy Corp CMS
76 GF Score
Price $71.20
GF Value $75.53
Valuation Fairly Valued
! 9 Warning Signs
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What is CMS Energy Debt-to-Asset?

CMS Energy CMS -0.54% 76 Debt-to-Asset is 0.47 as of Jun. 2026. GuruFocus rates CMS with a GF Score™ of 76/100 and a GF Value™ of $75.53 (Fairly Valued). The stock has 9 warning signs investors should review.

CMS Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $870 Mil. CMS Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $18,431 Mil. CMS Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2026 was $40,905 Mil. CMS Energy's debt to asset for the quarter that ended in Jun. 2026 was 0.47.

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

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

CMS Energy Debt-to-Asset Related Terms

CMS Energy Debt-to-Asset Historical Data

* Premium members only.

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

CMS Energy Debt-to-Asset Chart

CMS Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.46 0.47 0.46 0.47

CMS Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.48 0.48 0.47 0.47 0.47

CMS vs EVRG, LNT, PPL: Debt-to-Asset Comparison

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

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

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


CMS
76GF Score
CMS Energy Corp CMS
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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CMS Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

CMS Energy's Debt-to-Asset for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(956 + 17942) / 39941
=0.47

CMS Energy's Debt-to-Asset for the quarter that ended in Jun. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(870 + 18431) / 40905
=0.47

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.47 mean?
CMS Energy (CMS) has a Debt-to-Asset of 0.47 as of Jun. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on CMS Energy and its competitors.
Is CMS Energy's Debt-to-Asset too high?
CMS Energy's current Debt-to-Asset is 0.47. Overall, CMS Energy has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's Debt-to-Asset compare to EVRG and LNT?
CMS Energy's Debt-to-Asset of 0.47 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for an Utilities - Regulated company?
A good Debt-to-Asset depends on the Utilities - Regulated industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on CMS Energy and its competitors. CMS Energy's current Debt-to-Asset is 0.47. 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 Fairly Valued. The stock's GF Value™ is $75.53, compared to a current price of $71.20 — trading 5.7% below its estimated fair value. The current Debt-to-Asset is 0.47. CMS Energy's overall GF Score™ is 76/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For CMS Energy (CMS), the current Debt-to-Asset is 0.47 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 $71.20 is trading 5.7% below its estimated GF Value™ of $75.53. GuruFocus considers CMS Energy to be Fairly Valued.

Key valuation signals for CMS:

  • Debt-to-Asset: 0.47
  • GF Value™: $75.53 vs. price of $71.20 (5.7% below fair value)
  • GF Score™: 76/100 with 9 warning signs

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 Business Description

Address One Energy Plaza, Jackson, MI, USA, 49201
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.
76GF Score

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Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$71.20
Price
$75.53
GF Value