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CMS Energy CMS Debt-to-assets

Debt-to-assets at other companies

Nextra Energy logo
Nextra EnergyNEE
0.4×0.0×
DTE Energy logo
DTE EnergyDTE
0.4×0.0×
PG&E logo
PG&EPCG
0.4×0.0×
Entergy logo
EntergyETR
0.4×0.0×
Duke Energy logo
Duke EnergyDUK
0.4×0.0×
CNP
CenterPoint EnergyCNP
0.4×0.0×

Other financials

Income statement

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Revenue$2.7B+11.6%
Operating income$490.0M-0.8%
Net income$340.0M+11.8%
EPS (diluted)$1.10+8.9%

Balance sheet

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Cash & equivalents$263.0M-50.0%
Total debt$19.1B+12.7%
Total equity$9.5B+13.6%
Total assets$40.3B+11.0%

Cash flow

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Operating cash flow$705.0M-29.5%
CapEx$1.0B+17.0%
Free cash flow-$334.0M-398%

Valuation

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Market cap$22.65B+6.4%
Enterprise value$41.5B+9.9%
P/E20.5×-0.4×
P/S2.6×-0.2×

Profitability

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Operating margin19.5%-0.6pp
Net margin12.5%-0.6pp

Returns & leverage

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Return on equity12.4%-0.1pp
Debt / equity0.0×
Current ratio0.8×-0.2×

Where this comes from

Calculated from CMS Energy’s reported figures.

Based on the most recent quarter.

The official record: CMS Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CMS Energy's debt-to-assets?
CMS Energy (CMS) reported debt-to-assets of 0.5× in Q1 2026.
How has CMS Energy's debt-to-assets changed year-over-year?
CMS Energy's debt-to-assets increased by 1.5% year-over-year, from 0.5× to 0.5×.
What is the long-term trend for CMS Energy's debt-to-assets?
Over 4 years (2021 to 2025), CMS Energy's debt-to-assets has grown at a 1.8% compound annual growth rate (CAGR), from 1.8× to 1.9×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.