CMSPC.PFD (CMS Energy) Debt-to-Asset : 0.46 (As of Sep. 2024)

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What is CMS Energy Debt-to-Asset?

CMS Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $507.00 Mil. CMS Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $15,660.00 Mil. CMS Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $34,817.00 Mil. CMS Energy's debt to asset for the quarter that ended in Sep. 2024 was 0.46.

CMS Energy Debt-to-Asset Historical Data

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.

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CMS Energy Debt-to-Asset Chart

CMS Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.49

0.42

0.43

0.46

0.47

CMS Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.48	0.47	0.47	0.46	0.46

Competitive Comparison of CMS Energy's Debt-to-Asset

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's Debt-to-Asset Distribution in the 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 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. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1073	+	14570)	/	33517
	=	0.47

CMS Energy's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(507	+	15660)	/	34817
	=	0.46

CMS Energy (NYSE:CMSpC.PFD) 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

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CMS Energy Business Description

Industry

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

Comparable Companies

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

Traded in Other Exchanges

CMS:USA 0HR4:UK 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.