CMS Energy (CMS Energy) Cash-to-Debt : 0.05 (As of Mar. 2024)

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What is CMS Energy Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. CMS Energy's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.05.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, CMS Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for CMS Energy's Cash-to-Debt or its related term are showing as below:

CMS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.04
Current: 0.02

During the past 13 years, CMS Energy's highest Cash to Debt Ratio was 0.04. The lowest was 0.00. And the median was 0.02.

CMS's Cash-to-Debt is ranked worse than
89.82% of 491 companies
in the Utilities - Regulated industry
Industry Median: 0.26 vs CMS: 0.02

CMS Energy Cash-to-Debt Historical Data

The historical data trend for CMS Energy's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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CMS Energy Cash-to-Debt Chart

CMS Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

0.04

0.01

0.02

CMS Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.03	0.01	0.02	0.05

Competitive Comparison of CMS Energy's Cash-to-Debt

For the Utilities - Regulated Electric subindustry, CMS Energy's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CMS Energy's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CMS Energy's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CMS Energy's Cash-to-Debt falls into.

CMS Energy Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

CMS Energy's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	227	/	(1073	+	14570)
	=	0.01

CMS Energy's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	802	/	(0	+	15806)
	=	0.05

CMS Energy (NYSE:CMS) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

CMS Energy Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of CMS Energy's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

CMS Energy (CMS Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CMS Energy Corp (NYSE:CMS) » Definitions » Cash-to-Debt

Comparable Companies

CNP AEE PPL ES AGR FE ETR LNT DTE EVRG NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

CMSpC.PFD:USA CMS1:Mexico CSG:Germany CSG:Germany

Address

One Energy Plaza, Jackson, MI, USA, 49201

Website

https://www.cmsenergy.com

CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.

Executives

Brandon J. Hofmeister	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Brian F Rich	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
John G Russell	director	ONE ENERGY PLAZA, JACKSON MI 49201
Jon E Barfield	director	1255 COTTINGHAM RO HOME, BLOOMFIELD HILLS MI 48304
Catherine A Hendrian	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Ralph Izzo	director	PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194
Shaun M Johnson	officer: SVP and General Counsel	ONE ENERGY PLAZA, JACKSON MI 49201
Scott B Mcintosh	officer: VP, Controller, CAO	ONE ENERGY PLAZA, JACKSON MI 49201
Dhenuvakonda Rao Venkat	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Tonya L Berry	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Jean-francois Brossoit	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Glenn P Barba	officer: VP, Controller, CAO	ONE ENERGY PLAZA, JACKSON MI 49201
William D Harvey	director	5 SHADE TREE COURT, MADISON WI 53717
Ronald J Tanski	director	NATIONAL FUEL GAS COMPANY, 6363 MAIN ST, WILLIAMSVILLE NY 14221
Kurt L Darrow	director	ONE LA-Z-BOY DRIVE, MONROE MI 48162