CMS Energy Balance Sheet Health
Financial Health criteria checks 2/6
CMS Energy has a total shareholder equity of $8.6B and total debt of $16.1B, which brings its debt-to-equity ratio to 185.8%. Its total assets and total liabilities are $34.8B and $26.2B respectively. CMS Energy's EBIT is $1.6B making its interest coverage ratio 2.4. It has cash and short-term investments of $412.0M.
Key information
185.8%
Debt to equity ratio
US$16.06b
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$412.00m |
| Equity | US$8.64b |
| Total liabilities | US$26.18b |
| Total assets | US$34.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HR4's short term assets ($2.7B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: 0HR4's short term assets ($2.7B) do not cover its long term liabilities ($24.0B).
Debt to Equity History and Analysis
Debt Level: 0HR4's net debt to equity ratio (181%) is considered high.
Reducing Debt: 0HR4's debt to equity ratio has reduced from 262.8% to 185.8% over the past 5 years.
Debt Coverage: 0HR4's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: 0HR4's interest payments on its debt are not well covered by EBIT (2.4x coverage).