CMS Energy Balance Sheet Health
Financial Health criteria checks 2/6
CMS Energy has a total shareholder equity of $8.5B and total debt of $15.7B, which brings its debt-to-equity ratio to 183.7%. Its total assets and total liabilities are $34.4B and $25.8B respectively. CMS Energy's EBIT is $1.5B making its interest coverage ratio 2.4. It has cash and short-term investments of $699.0M.
Key information
183.7%
Debt to equity ratio
US$15.69b
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$699.00m |
| Equity | US$8.54b |
| Total liabilities | US$25.81b |
| Total assets | US$34.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HR4's short term assets ($3.0B) exceed its short term liabilities ($2.5B).
Long Term Liabilities: 0HR4's short term assets ($3.0B) do not cover its long term liabilities ($23.3B).
Debt to Equity History and Analysis
Debt Level: 0HR4's net debt to equity ratio (175.5%) is considered high.
Reducing Debt: 0HR4's debt to equity ratio has reduced from 252.2% to 183.7% over the past 5 years.
Debt Coverage: 0HR4's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: 0HR4's interest payments on its debt are not well covered by EBIT (2.4x coverage).