CMS Energy Corporation (CMS)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 15,194,000 | 15,548,000 | 14,917,000 | 14,973,000 | 14,508,000 | 14,114,000 | 13,925,000 | 12,985,000 | 13,122,000 | 12,685,000 | 11,667,000 | 12,045,000 | 12,046,000 | 12,027,000 | 11,728,000 | 13,561,000 | 11,744,000 | 13,275,000 | 13,414,000 | 12,545,000 |
| Total assets | US$ in thousands | 35,920,000 | 34,817,000 | 34,355,000 | 33,901,000 | 33,517,000 | 32,513,000 | 32,265,000 | 31,386,000 | 31,353,000 | 30,372,000 | 29,040,000 | 28,740,000 | 28,753,000 | 30,513,000 | 29,953,000 | 29,723,000 | 29,666,000 | 29,280,000 | 28,581,000 | 27,447,000 |
| Debt-to-assets ratio | 0.42 | 0.45 | 0.43 | 0.44 | 0.43 | 0.43 | 0.43 | 0.41 | 0.42 | 0.42 | 0.40 | 0.42 | 0.42 | 0.39 | 0.39 | 0.46 | 0.40 | 0.45 | 0.47 | 0.46 |
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 some fluctuation over the past few years, ranging from 0.39 to 0.47. This ratio indicates the proportion of the company's total assets financed by debt. The trend indicates that the company has maintained a relatively stable level of debt in relation to its total assets, with a slight decrease observed in the most recent period. A lower debt-to-assets ratio typically suggests lower financial risk and greater financial stability. However, it is important to consider other financial metrics and industry benchmarks to gain a more comprehensive understanding of CMS Energy Corporation's financial health and leverage position.
Peer comparison
Dec 31, 2024