What are CMS Energy's total assets?

CMS Energy (CMS) holds $40.3B in total assets, up 11.0% year over year.

How much debt does CMS Energy have?

CMS Energy carries $19.1B in total debt against $9.5B of shareholders' equity, a debt-to-equity ratio of 2.02.

How much cash does CMS Energy have?

CMS Energy holds $263.0M in cash and equivalents.

Can CMS Energy cover its short-term obligations?

Its current ratio is 0.84 — current liabilities exceed current assets.

Where does CMS Energy's balance sheet data come from?

Every line is extracted from CMS Energy's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

CMS Energy CMS Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Cash and cash equivalents	$263M-57.2%	$615M+42.4%	$432M-53.3%	$925M+75.9%	$526M+196%
Restricted cash	$88M-17.0%	$106M+51.4%	$70M-13.6%	$81M+32.8%	$61M-18.7%
Prepaid expenses and other current assets	$225M+40.6%	$160M+63.3%	$98M-30.0%	$140M+21.7%	$115M+11.7%
Materials and supplies	$338M+2.7%	$329M+7.2%	$307M+0.7%	$305M-1.6%	$310M+3.7%
Total current assets	$3.03B-12.9%	$3.47B+26.5%	$2.75B-14.0%	$3.19B+14.8%	$2.78B-0.3%
Property and equipment, net	$31.53B+2.8%	$30.68B+3.3%	$29.69B+2.9%	$28.85B+3.4%	$27.9B+1.6%
Construction in progress	$3.59B+17.8%	$3.05B-3.4%	$3.16B+14.8%	$2.75B+13.6%	$2.42B+15.3%
Accumulated depreciation	$10.38B+2.5%	$10.14B+0.8%	$10.05B+1.9%	$9.87B+0.7%	$9.8B+2.4%
Deferred tax assets	$3.35B+2.9%	$3.25B+2.5%	$3.17B+3.0%	$3.08B+2.6%	$3B+408%
Other non-current assets	$2.01B+2.5%	$1.96B+12.2%	$1.74B+2.3%	$1.71B+2.3%	$1.67B+2.4%
Equity method investments	$65M+6.6%	$61M-4.7%	$64M+3.2%	$62M-12.7%	$71M+10.9%
Allowance for credit losses	——	——	——	——	——
Regulatory assets	$94M-9.6%	$104M+23.8%	$84M-36.4%	$132M-23.7%	$173M-24.5%
Total assets	$40.29B+0.9%	$39.94B+5.1%	$38.01B+0.8%	$37.7B+3.9%	$36.3B+1.0%
Accrued expenses	$184M-0.5%	$185M-22.6%	$239M+21.3%	$197M-12.8%	$226M+8.1%
Current portion of long-term debt	$1.4B+47.4%	$950M-20.8%	$1.2B+9.1%	$1.1B+56.3%	$704M-40.9%
Income taxes payable	$516M-27.1%	$708M+254%	$200M-56.6%	$461M-2.7%	$474M-27.5%
Accrued interest	$207M+13.7%	$182M-10.8%	$204M+20.0%	$170M+1.2%	$168M+7.7%
Total current liabilities	$3.59B+1.2%	$3.55B+16.3%	$3.05B-4.5%	$3.2B+21.7%	$2.63B-25.4%
Deferred tax liabilities	——	——	——	——	——
Long-term debt	$17.46B-2.0%	$17.81B+6.2%	$16.77B0.0%	$16.78B+3.9%	$16.15B+6.3%
Finance lease liabilities	$262M+94.1%	$135M-1.5%	$137M-1.4%	$139M+25.2%	$111M-0.9%
Asset retirement obligations	$797M+0.6%	$792M+8.3%	$731M-2.1%	$747M+3.0%	$725M-0.4%
Other non-current liabilities	$417M+6.4%	$392M-1.0%	$396M-3.2%	$409M+10.5%	$370M-9.1%
Regulatory liabilities	$87M+2.4%	$85M-4.5%	$89M-4.3%	$93M-6.1%	$99M-10.8%
Total noncurrent liabilities	$26.64B-0.1%	$26.68B+4.5%	$25.53B0.0%	$25.53B+3.2%	$24.75B+4.6%
Preferred stock	$224M0.0%	$224M0.0%	$224M0.0%	$224M0.0%	$224M0.0%
Common stock	350M0.0%	350M0.0%	350M0.0%	350M0.0%	350M0.0%
Additional paid-in capital	$6.67B+2.4%	$6.51B+2.4%	$6.36B+6.0%	$6B+0.4%	$5.98B-0.6%
Retained earnings	$2.61B+6.6%	$2.44B+5.2%	$2.32B+5.1%	$2.21B+1.7%	$2.17B+6.8%
Accumulated other comprehensive income (loss)	-$35M+2.8%	-$36M+12.2%	-$41M0.0%	-$41M0.0%	-$41M0.0%
Noncontrolling interests	$585M+3.2%	$567M0.0%	$567M-1.7%	$577M-1.9%	$588M+13.5%
Total stockholders' equity	$9.47B+3.5%	$9.14B+3.2%	$8.86B+5.6%	$8.39B+0.7%	$8.34B+1.3%
Total liabilities and stockholders' equity	$40.29B+0.9%	$39.94B+5.1%	$38.01B+0.8%	$37.7B+3.9%	$36.3B+1.0%
Allowance for Doubtful Accounts	$32M+18.5%	$27M-3.6%	$28M-6.7%	$30M+3.4%	$29M+26.1%
Allowance for Doubtful Accounts Receivable (Current)	$32M+18.5%	$27M-3.6%	$28M-6.7%	$30M+3.4%	$29M+26.1%
Deferred property taxes	$385M-19.6%	$479M+62.9%	$294M-9.3%	$324M-10.0%	$360M-19.6%
Energy Related Inventory Gas Stored Underground	$257M-39.8%	$427M-24.6%	$566M+40.8%	$402M+62.8%	$247M-43.2%
Fossil fuel stock	$47M+34.3%	$35M+16.7%	$30M+3.4%	$29M+26.1%	$23M-34.3%
Other current assets	$225M+40.6%	$160M+63.3%	$98M-30.0%	$140M+21.7%	$115M+11.7%
Operating Lease Income - 2022 (Lessor)	——	——	——	——	——
Unbilled Revenue	$520M-21.1%	$659M+73.0%	$381M-17.9%	$464M-5.1%	$489M-16.3%
Deferred Tax Assets and Other Non-Current Assets	$341M-14.3%	$398M+97.0%	$202M-20.5%	$254M-18.1%	$310M-19.3%
Deferred Tax Assets - Tax Credit Carryforwards	——	——	——	——	——
Accumulated Amortization on Finance Lease Assets	——	——	——	——	——
Long-Term Accounts, Notes, and Loans Receivable, Net (Non-Current)	$18M0.0%	$18M0.0%	$18M-73.5%	$68M+240%	$20M0.0%
Assets, Noncurrent, Other than Property, Plant and Equipment	$5.73B-1.1%	$5.79B+3.9%	$5.57B-1.5%	$5.66B+0.9%	$5.61B-1.0%
Prepaid pension assets	$2.01B+2.5%	$1.96B+12.2%	$1.74B+2.3%	$1.71B+2.3%	$1.67B+2.4%
Investments	$65M+6.6%	$61M-4.7%	$64M—	——	——
Other non-current assets	$341M-14.3%	$398M+97.0%	$202M-20.5%	$254M-18.1%	$310M-19.3%
Plant, property, and equipment, gross	$38.32B+1.5%	$37.76B+3.2%	$36.58B+1.7%	$35.96B+1.9%	$35.28B+1.0%
Property, Plant And Equipment, Net, Excluding C W I P	$27.94B+1.1%	$27.63B+4.1%	$26.53B+1.7%	$26.1B+2.4%	$25.48B+0.5%
Software and Technology Licenses, Net	$341M-14.3%	$398M+97.0%	$202M-20.5%	$254M-18.1%	$310M-19.3%
Tax Credit Carryforward Valuation Allowance	——	——	——	——	——
Accrued rate refunds	$0-100%	$28M+211%	$9M+125%	$4M+100%	$2M-94.7%
Current portion of long-term debt and finance leases	$1.36B+42.3%	$956M-17.7%	$1.16B+3.3%	$1.13B+59.1%	$707M-40.8%
Other accrued liabilities	$184M-0.5%	$185M-22.6%	$239M+21.3%	$197M-12.8%	$226M+8.1%
Other short-term debt	$1M-50.0%	$2M+100%	$1M0.0%	$1M0.0%	$1M-50.0%
Debt Maturity - 2027	——	——	——	——	——
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	——	——	——	——	——
Defined Benefit Pension Plan Liabilities (Non-Current)	$94M-1.1%	$95M+3.3%	$92M-1.1%	$93M-2.1%	$95M-1.0%
Lease Liability Payments - Due After Year Five	——	——	——	——	——
Operating Lease Liability Payments - Thereafter (Lessee)	——	——	——	——	——
Retirement and nonpension postretirement benefit obligations	$94M-1.1%	$95M+3.3%	$92M-1.1%	$93M-2.1%	$95M-1.0%
Total Carrying Value of Debt	——	——	——	——	——
Unrecognized Tax Benefits	——	——	——	——	——
Common Stock Par Value Per Share	——	——	——	——	——
Additional paid-in capital	$6.67B+2.4%	$6.51B+2.4%	$6.36B+6.0%	$6B+0.4%	$5.98B-0.6%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$3M0.0%	$3M0.0%	$3M0.0%	$3M0.0%	$3M0.0%
Common Stockholders’ Equity	$9.24B+3.6%	$8.92B+3.2%	$8.64B+5.8%	$8.17B+0.7%	$8.11B+1.3%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$224M0.0%	$224M0.0%	$224M0.0%	$224M0.0%	$224M0.0%
Shares Reserved for Future Issuance Under Stock Plans	——	——	——	——	——
Defined Benefit Plan Healthcare Cost Trend Rate	——	——	——	——	——
Current accounts receivable and notes receivable	$2M-33.3%	$3M0.0%	$3M0.0%	$3M0.0%	$3M-25.0%
Accumulated Deferred Investment Tax Credit	$117M-0.8%	$118M-0.8%	$119M-0.8%	$120M-0.8%	$121M-0.8%
Allowance for doubtful accounts	$32M+18.5%	$27M-3.6%	$28M-6.7%	$30M+3.4%	$29M+26.1%
Limitation on payment of stock dividends	$9.2B+3.4%	$8.9B+3.5%	$8.6B+4.9%	$8.2B+1.2%	$8.1B+1.3%
Common stock, par value (in dollars per share)	——	——	——	——	——
Common stock, shares authorized (in shares)	$350M0.0%	$350M0.0%	$350M0.0%	$350M0.0%	$350M0.0%
Common Stock, Shares, Outstanding	$308.9M+0.8%	$306.4M+0.7%	$304.3M+1.7%	$299.3M+0.1%	$299.1M+0.1%
Construction work in progress	$3.59B+17.8%	$3.05B-3.4%	$3.16B+14.8%	$2.75B+13.6%	$2.42B+15.3%
Long-term debt, gross	——	——	——	——	——
Debt Instrument, Unamortized Discount (Premium), Net	——	——	——	——	——
Deferred Tax Liabilities, Gross	——	——	——	——	——
Deferred income taxes	$3.35B+2.9%	$3.25B+2.5%	$3.17B+3.0%	$3.08B+2.6%	$3B+2.6%
Deferred Tax Assets, Gross	——	——	——	——	——
Deferred Tax Assets, Net of Valuation Allowance	——	——	——	——	——
Deferred Tax Assets Net Operating Loss And Tax Credit Carryforwards	——	——	——	——	——
Tax loss and credit carryforwards	——	——	——	——	——
Deferred Tax Assets Regulatory Assets And Liabilities	——	——	——	——	——
Temporary differences related to Texas Margin Tax	——	——	——	——	——
Deferred Tax Assets, Valuation Allowance	——	——	——	——	——
Deferred Tax Liabilities, Net	——	——	——	——	——
Deferred Tax Liabilities, Other	——	——	——	——	——
Deferred Tax Liabilities Postretirement Benefits	——	——	——	——	——
Deferred Tax Liabilities, Property, Plant and Equipment	——	——	——	——	——
Deferred Tax Liabilities Regulatory Assets And Liabilities	——	——	——	——	——
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	——	——	——	——	——
Finance Lease Liability Payments Due After Year Five	——	——	——	——	——
2027	——	——	——	——	——
Finance Lease, Right-of-Use Asset, Accumulated Amortization	——	——	——	——	——
Property, plant and equipment	——	——	——	——	——
Forward Contract Indexed To Issuers Equity Indexed Shares	——	——	——	——	——
Settlement of equity forwards, net cash proceeds	——	——	——	——	——
Settlement of equity forwards (in shares)	——	——	——	——	——
2028	——	——	——	——	——
2029	——	——	——	——	——
2029	——	——	——	——	——
2030	——	——	——	——	——
2027	——	——	——	——	——
Noncontrolling interests in subsidiaries	$585M+3.2%	$567M0.0%	$567M-1.7%	$577M-1.9%	$588M+13.5%
Incentive stock program, shares reserved for future grants (in shares)	——	——	——	——	——
Shares reserved for awards to employees and outside directors (in shares)	——	——	——	——	——
Unbilled Receivables	$520M-21.1%	$659M+73.0%	$381M-17.9%	$464M-5.1%	$489M-16.3%
Union employees percentage	——	——	——	——	——
Unrecognized tax benefits	——	——	——	——	——
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Two	——	——	——	——	——
Unrecorded Unconditional Purchase Obligation	——	——	——	——	——
Purchase commitments, Due in 2027	——	——	——	——	——
Unrecorded Unconditional Purchase Obligation	——	——	——	——	——
Unrecorded Unconditional Purchase Obligation - Due After Year Four	——	——	——	——	——
Unrecorded Unconditional Purchase Obligation - Due After Year Five	——	——	——	——	——

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Questions, answered.

What are CMS Energy's total assets?: CMS Energy (CMS) holds $40.3B in total assets, up 11.0% year over year.
How much debt does CMS Energy have?: CMS Energy carries $19.1B in total debt against $9.5B of shareholders' equity, a debt-to-equity ratio of 2.02.
How much cash does CMS Energy have?: CMS Energy holds $263.0M in cash and equivalents.
Can CMS Energy cover its short-term obligations?: Its current ratio is 0.84 — current liabilities exceed current assets.
Where does CMS Energy's balance sheet data come from?: Every line is extracted from CMS Energy's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.