CMS Energy Corporation (CMS)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,790,000 | 2,703,000 | 2,985,000 | 3,091,000 | 2,839,000 | 2,449,000 | 2,603,000 | 2,989,000 | 3,433,000 | 3,026,000 | 2,393,000 | 2,459,000 | 2,627,000 | 2,477,000 | 2,322,000 | 2,513,000 | 2,404,000 | 2,494,000 | 3,532,000 | 2,817,000 |
| Total current liabilities | US$ in thousands | 3,521,000 | 2,191,000 | 2,528,000 | 2,295,000 | 2,895,000 | 2,719,000 | 2,737,000 | 2,942,000 | 2,985,000 | 2,488,000 | 2,389,000 | 1,814,000 | 2,204,000 | 3,254,000 | 3,114,000 | 2,885,000 | 3,074,000 | 2,992,000 | 3,123,000 | 2,940,000 |
| Current ratio | 0.79 | 1.23 | 1.18 | 1.35 | 0.98 | 0.90 | 0.95 | 1.02 | 1.15 | 1.22 | 1.00 | 1.36 | 1.19 | 0.76 | 0.75 | 0.87 | 0.78 | 0.83 | 1.13 | 0.96 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,790,000K ÷ $3,521,000K
= 0.79
The current ratio of CMS Energy Corporation has shown fluctuations over the past few years. From March 31, 2020, to December 31, 2022, the current ratio ranged from 0.75 to 1.36, indicating some variability in the company's ability to meet its short-term obligations with its current assets.
However, from December 31, 2022, to December 31, 2024, the current ratio stabilized within a narrower range of 0.79 to 1.35. This suggests that CMS Energy Corporation has improved its liquidity position and better managed its current assets and liabilities during this period.
Overall, a current ratio above 1 typically indicates that a company has more current assets than current liabilities, suggesting a stronger ability to cover its short-term obligations. The current ratio of CMS Energy Corporation has generally been above 1 in recent periods, with the ratio peaking at 1.36 on March 31, 2022. This indicates that the company has maintained a relatively healthy liquidity position and is well-positioned to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024