Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 47.36% is in line with its 5-year average of 45.86%, around the middle of its 5-year range (41.29%–50.86%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.20% above its 12-month average of 47.26%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
47.36%
DEBT TO ASSETS RATIO AVG TTM
47.26%
DEBT TO ASSETS RATIO AVG 3Y
46.83%
DEBT TO ASSETS RATIO AVG 5Y
46.28%
DEBT TO ASSETS RATIO AVG 10Y
46.59%
DEBT TO ASSETS RATIO AVG 15Y
46.07%
DEBT TO ASSETS RATIO AVG 20Y
46.23%
CURRENT VS TTM AVG
+0.20%
CURRENT VS 3Y AVG
+1.13%
CURRENT VS 5Y AVG
+2.34%
CURRENT VS 10Y AVG
+1.65%
CURRENT VS 15Y AVG
+2.79%
CURRENT VS 20Y AVG
+2.44%
SECTOR MEDIAN · UTILITIES
0.43%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+10913.39%
vs the sector median at left
CMS Energy Corporation
Market Cap
$22.97B
Debt to Assets Ratio
47.36%
TTM Avg
47.26%
3Y Avg
46.83%
5Y Avg
46.28%
Market Cap
$19.06B
Debt to Assets Ratio
0.48%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$26.96B
Debt to Assets Ratio
0.44%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CMS Energy Corporation (CMS) | $22.97B | 47.36% | 47.26% | 46.83% | 46.28% |
| NiSource Inc (NI)vs › | $21.92B | 0.44% | N/A | N/A | N/A |
| Evergy, Inc. (EVRG)vs › | $19.75B | 0.44% | N/A | N/A | N/A |
| Alliant Energy Corporation (LNT)vs › | $19.06B | 0.48% | N/A | N/A | N/A |
| NRG Energy, Inc. (NRG)vs › | $26.91B | 0.58% | N/A | N/A | N/A |
| American Water Works Company, Inc. (AWK)vs › | $26.96B | 0.44% | N/A | N/A | N/A |
| PPL Corporation (PPL)vs › | $27.33B | 0.43% | N/A | N/A | N/A |
| Eversource Energy (ES)vs › | $28.35B | 0.47% | N/A | N/A | N/A |
| FirstEnergy Corp. (FE)vs › | $28.72B | 0.48% | N/A | N/A | N/A |
| CenterPoint Energy, Inc. (CNP)vs › | $28.85B | 0.49% | N/A | N/A | N/A |
Debt/Assets
47.4%
Debt/Equity
2.07
Current Ratio
0.98
Interest Coverage
2.2x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-03-31 | 47.36% |
| 2025-12-31 | 46.79% |
| 2025-09-30 | 47.55% |
| 2025-06-30 | 47.87% |
| 2025-03-31 | 46.74% |
| 2024-12-31 | 46.19% |
| 2024-09-30 | 46.43% |
| 2024-06-30 | 45.90% |
| 2024-03-31 | 46.62% |
| 2023-12-31 | 46.75% |
| 2023-09-30 | 47.57% |
| 2023-06-30 | 46.87% |
| 2023-03-31 | 46.15% |
| 2022-12-31 | 45.74% |
| 2022-09-30 | 45.29% |
| 2022-06-30 | 42.80% |
| 2022-03-31 | 43.40% |
| 2021-12-31 | 43.48% |
| 2021-09-30 | 41.49% |
| 2021-06-30 | 41.29% |
| 2021-03-31 | 50.86% |
| 2020-12-31 | 41.88% |
| 2020-09-30 | 51.69% |
| 2020-06-30 | 53.27% |
| 2020-03-31 | 52.24% |
| 2019-12-31 | 49.53% |
| 2019-09-30 | 50.92% |
| 2019-06-30 | 49.23% |
| 2019-03-31 | 48.89% |
| 2018-12-31 | 48.01% |
| 2018-09-30 | 46.81% |
| 2018-06-30 | 45.34% |
| 2018-03-31 | 45.34% |
| 2017-12-31 | 45.50% |
| 2017-09-30 | 46.70% |
| 2017-06-30 | 45.87% |
| 2017-03-31 | 46.46% |
| 2016-12-31 | 46.41% |
| 2016-09-30 | 47.56% |
| 2016-06-30 | 46.49% |
| 2016-03-31 | 46.08% |
| 2015-12-31 | 46.57% |
| 2015-09-30 | 45.36% |
| 2015-06-30 | 45.08% |
| 2015-03-31 | 45.85% |
| 2014-12-31 | 45.55% |
| 2014-09-30 | 48.21% |
| 2014-06-30 | 45.74% |
| 2014-03-31 | 46.51% |
| 2013-12-31 | 45.77% |
| 2013-09-30 | 45.69% |
| 2013-06-30 | 43.47% |
| 2013-03-31 | 44.02% |
| 2012-12-31 | 43.86% |
| 2012-09-30 | 44.41% |
| 2012-05-30 | 43.15% |
| 2012-03-31 | 44.50% |
| 2011-12-31 | 44.15% |
| 2011-09-30 | 46.05% |
| 2011-06-30 | 46.94% |
| 2011-03-31 | 47.20% |
| 2010-12-31 | 47.30% |
| 2010-09-30 | 46.46% |
| 2010-06-30 | 44.73% |
| 2010-03-31 | 46.14% |
| 2009-12-31 | 44.74% |
| 2009-09-30 | 45.88% |
| 2009-06-30 | 47.20% |
| 2009-03-31 | 46.45% |
| 2008-12-31 | 45.35% |
| 2008-09-30 | 48.00% |
| 2008-06-30 | 46.30% |
| 2008-03-31 | 47.74% |
| 2007-12-31 | 45.87% |
| 2007-09-30 | 47.48% |
| 2007-06-30 | 46.31% |
| 2007-03-31 | 45.72% |
| 2006-12-31 | 45.46% |
| 2006-09-30 | 49.63% |
| 2006-06-30 | 47.96% |
| 2006-03-31 | 48.36% |
| 2005-12-31 | 48.26% |
| 2005-09-30 | 46.16% |
| 2005-06-30 | 45.45% |
| 2005-03-31 | 47.94% |
| 2004-12-31 | 48.76% |
| 2004-09-30 | 50.88% |
| 2004-06-30 | 50.57% |
| 2004-03-31 | 51.16% |
| 2003-12-31 | 52.62% |
| 2003-09-30 | 53.57% |
| 2003-06-30 | 51.56% |
| 2003-03-31 | 45.56% |
| 2002-12-31 | 47.22% |
| 2002-09-30 | 49.57% |
| 2002-06-30 | 47.35% |
