CMS Energy Balance Sheet Health
Financial Health criteria checks 1/6
CMS Energy has a total shareholder equity of $8.1B and total debt of $15.6B, which brings its debt-to-equity ratio to 191.7%. Its total assets and total liabilities are $33.5B and $25.4B respectively. CMS Energy's EBIT is $1.4B making its interest coverage ratio 2.3. It has cash and short-term investments of $227.0M.
Key information
191.7%
Debt to equity ratio
US$15.58b
Debt
Interest coverage ratio | 2.3x |
Cash | US$227.00m |
Equity | US$8.13b |
Total liabilities | US$25.39b |
Total assets | US$33.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMS1 *'s short term assets ($2.8B) do not cover its short term liabilities ($2.9B).
Long Term Liabilities: CMS1 *'s short term assets ($2.8B) do not cover its long term liabilities ($22.5B).
Debt to Equity History and Analysis
Debt Level: CMS1 *'s net debt to equity ratio (188.9%) is considered high.
Reducing Debt: CMS1 *'s debt to equity ratio has reduced from 243.9% to 191.7% over the past 5 years.
Debt Coverage: CMS1 *'s debt is not well covered by operating cash flow (14.8%).
Interest Coverage: CMS1 *'s interest payments on its debt are not well covered by EBIT (2.3x coverage).