CMS Energy Corporation (CMS)
Financial leverage 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 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 |
| 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 |
| Financial leverage ratio | 4.36 | 4.29 | 4.29 | 4.27 | 4.44 | 4.52 | 4.52 | 4.43 | 4.47 | 4.39 | 4.22 | 4.19 | 4.34 | 5.01 | 5.17 | 5.19 | 5.40 | 5.50 | 5.48 | 5.29 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $35,920,000K ÷ $8,230,000K
= 4.36
The financial leverage ratio of CMS Energy Corporation has shown a gradual decline over the period under consideration, decreasing from 5.29 as of March 31, 2020, to 4.36 as of December 31, 2024. This indicates a reduction in the company's reliance on debt to finance its operations and investments. A decreasing leverage ratio suggests an improvement in the company's financial stability and lower financial risk. However, it is important to assess the trend in conjunction with other financial ratios and factors impacting the company's financial performance to gain a comprehensive understanding of its overall financial health.
Peer comparison
Dec 31, 2024