CMS Energy Corporation (CMS)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 15,194,000 | 14,508,000 | 13,122,000 | 12,046,000 | 11,744,000 |
| Total assets | US$ in thousands | 35,920,000 | 33,517,000 | 31,353,000 | 28,753,000 | 29,666,000 |
| Debt-to-assets ratio | 0.42 | 0.43 | 0.42 | 0.42 | 0.40 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $15,194,000K ÷ $35,920,000K
= 0.42
The debt-to-assets ratio of CMS Energy Corporation has shown a slight upward trend over the past five years, increasing from 0.40 in December 2020 to 0.42 in December 2021, remaining at 0.42 in both December 2022 and 2024, and reaching 0.43 in December 2023. This ratio indicates that, on average, CMS Energy Corporation finances 42% of its total assets with debt. A higher debt-to-assets ratio suggests a higher level of financial risk, as it indicates a greater reliance on debt to finance operations and investments. It is important for investors and stakeholders to monitor this ratio to assess the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2024