CMS Energy Corporation (CMS)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 8,230,000 | 8,111,000 | 8,003,000 | 7,946,000 | 7,544,000 | 7,186,000 | 7,145,000 | 7,080,000 | 7,015,000 | 6,913,000 | 6,878,000 | 6,854,000 | 6,631,000 | 6,090,000 | 5,797,000 | 5,727,000 | 5,496,000 | 5,320,000 | 5,214,000 | 5,185,000 |
| Debt-to-equity ratio | 1.85 | 1.92 | 1.86 | 1.88 | 1.92 | 1.96 | 1.95 | 1.83 | 1.87 | 1.83 | 1.70 | 1.76 | 1.82 | 1.97 | 2.02 | 2.37 | 2.14 | 2.50 | 2.57 | 2.42 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $15,194,000K ÷ $8,230,000K
= 1.85
The debt-to-equity ratio of CMS Energy Corporation has shown a decreasing trend over the past few years, indicating a strengthening financial position in terms of leverage. The ratio has declined from 2.42 as of March 31, 2020, to 1.85 as of December 31, 2024. This suggests that the company is relying less on debt financing relative to equity to fund its operations and investments. Overall, the decreasing trend in the debt-to-equity ratio reflects a healthier balance between debt and equity in the company's capital structure, which can lead to lower financial risk and greater stability in the long run.
Peer comparison
Dec 31, 2024