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
CMS Energy (NYSE:CMS) Use Of Debt Could Be Considered Risky
Mar 01
Is CMS Energy (NYSE:CMS) Using Too Much Debt?
Sep 29Does CMS Energy (NYSE:CMS) Have A Healthy Balance Sheet?
Jun 21Is CMS Energy (NYSE:CMS) Using Too Much Debt?
Jan 17These 4 Measures Indicate That CMS Energy (NYSE:CMS) Is Using Debt In A Risky Way
Oct 13Is CMS Energy (NYSE:CMS) A Risky Investment?
Jul 13Recent updates
Returns At CMS Energy (NYSE:CMS) Appear To Be Weighed Down
Apr 12CMS Energy: A Compelling Income And Growth Proposition Right Now
Apr 06Do CMS Energy's (NYSE:CMS) Earnings Warrant Your Attention?
Mar 22CMS Energy (NYSE:CMS) Use Of Debt Could Be Considered Risky
Mar 01Concerns Surrounding CMS Energy's (NYSE:CMS) Performance
Feb 15CMS Energy Corporation Looks Strong Going Into Q4 Earnings
Jan 25CMS Energy Corporation's (NYSE:CMS) Business Is Yet to Catch Up With Its Share Price
Jan 23An Intrinsic Calculation For CMS Energy Corporation (NYSE:CMS) Suggests It's 36% Undervalued
Dec 12CMS Energy: High Leverage A Concern, But Company Is Strong Financially
Nov 07The Returns On Capital At CMS Energy (NYSE:CMS) Don't Inspire Confidence
Oct 17Is CMS Energy (NYSE:CMS) Using Too Much Debt?
Sep 29Calculating The Fair Value Of CMS Energy Corporation (NYSE:CMS)
Sep 08Capital Allocation Trends At CMS Energy (NYSE:CMS) Aren't Ideal
Jul 11Does CMS Energy (NYSE:CMS) Have A Healthy Balance Sheet?
Jun 21CMS Energy: Attractive Valuation And Total Return Potential
Jun 12Does This Valuation Of CMS Energy Corporation (NYSE:CMS) Imply Investors Are Overpaying?
Jun 03CMS Energy (NYSE:CMS) Will Pay A Larger Dividend Than Last Year At $0.4875
Apr 27Some Investors May Be Worried About CMS Energy's (NYSE:CMS) Returns On Capital
Mar 31Is Now The Time To Put CMS Energy (NYSE:CMS) On Your Watchlist?
Mar 18CMS Energy Corporation's (NYSE:CMS) Intrinsic Value Is Potentially 23% Below Its Share Price
Mar 03CMS Energy reports mixed Q4 earnings; raises FY23 EPS guidance and reaffirms lon-term EPS guidance
Feb 02Is CMS Energy (NYSE:CMS) Using Too Much Debt?
Jan 17CMS Energy: This Michigan Utility Continues To Prove Its ESG Credentials
Jan 10Here's What's Concerning About CMS Energy's (NYSE:CMS) Returns On Capital
Dec 07Is CMS Energy Corporation (NYSE:CMS) Worth US$60.0 Based On Its Intrinsic Value?
Nov 19CMS Energy declares $0.46 dividend
Oct 21These 4 Measures Indicate That CMS Energy (NYSE:CMS) Is Using Debt In A Risky Way
Oct 13Estimating The Fair Value Of CMS Energy Corporation (NYSE:CMS)
Aug 13CMS Energy (NYSE:CMS) Will Want To Turn Around Its Return Trends
Jul 28CMS Energy declares $0.46 dividend
Jul 22Is CMS Energy (NYSE:CMS) A Risky Investment?
Jul 13Why It's Time To Redeploy From CMS Energy
May 21A Look At The Fair Value Of CMS Energy Corporation (NYSE:CMS)
May 13Returns On Capital At CMS Energy (NYSE:CMS) Paint A Concerning Picture
Apr 28Should You Be Adding CMS Energy (NYSE:CMS) To Your Watchlist Today?
Apr 12Is CMS Energy (NYSE:CMS) A Risky Investment?
Mar 30CMS Energy's (NYSE:CMS) Shareholders Will Receive A Bigger Dividend Than Last Year
Jan 31Estimating The Intrinsic Value Of CMS Energy Corporation (NYSE:CMS)
Jan 20If You Like EPS Growth Then Check Out CMS Energy (NYSE:CMS) Before It's Too Late
Jan 07Returns At CMS Energy (NYSE:CMS) Appear To Be Weighed Down
Dec 25These 4 Measures Indicate That CMS Energy (NYSE:CMS) Is Using Debt Extensively
Nov 01A Look At The Fair Value Of CMS Energy Corporation (NYSE:CMS)
Oct 19Do CMS Energy's (NYSE:CMS) Earnings Warrant Your Attention?
Oct 04Financial Position Analysis
Short Term Liabilities: CMS's short term assets ($2.8B) do not cover its short term liabilities ($2.9B).
Long Term Liabilities: CMS's short term assets ($2.8B) do not cover its long term liabilities ($22.5B).
Debt to Equity History and Analysis
Debt Level: CMS's net debt to equity ratio (188.9%) is considered high.
Reducing Debt: CMS's debt to equity ratio has reduced from 243.9% to 191.7% over the past 5 years.
Debt Coverage: CMS's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: CMS's interest payments on its debt are not well covered by EBIT (2.3x coverage).