CMS Energy Corporation (CMS) Debt to Equity Ratio: 2.07
Is CMS Energy Corporation’s debt to equity ratio high or low?
CMS Energy Corporation's debt to equity ratio of 2.07 is in line with its 5-year average of 2.06, around the middle of its 5-year range (1.89–2.26).
As of Tuesday, June 16, 2026. 1.22% above its 12-month average of 2.04.
CMS Debt to Equity Ratio Chart
CMS Average Debt to Equity Ratio Chart
CMS Current vs Average Debt to Equity Ratio Chart
CMS Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
2.07
DEBT TO EQUITY RATIO AVG TTM
2.04
DEBT TO EQUITY RATIO AVG 3Y
2.05
DEBT TO EQUITY RATIO AVG 5Y
2.06
DEBT TO EQUITY RATIO AVG 10Y
2.24
DEBT TO EQUITY RATIO AVG 15Y
2.29
DEBT TO EQUITY RATIO AVG 20Y
2.38
CURRENT VS TTM AVG
+1.22%
CURRENT VS 3Y AVG
+0.85%
CURRENT VS 5Y AVG
+0.49%
CURRENT VS 10Y AVG
-7.51%
CURRENT VS 15Y AVG
-9.75%
CURRENT VS 20Y AVG
-13.08%
CMS Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CMS Energy Corporation (CMS) | $22.75B | 2.07 | 2.04 | 2.05 | 2.06 |
| NiSource Inc. (NI)vs › | $22.76B | 1.72 | 1.67 | 1.64 | 1.62 |
| American Water Works Company, Inc. (AWK)vs › | $24.78B | 1.47 | 1.42 | 1.43 | 1.49 |
| Alliant Energy Corporation (LNT)vs › | $19.00B | 1.68 | 1.58 | 1.49 | 1.42 |
| FirstEnergy Corp. (FE)vs › | $27.38B | 2.16 | 2.06 | 2.16 | 2.46 |
| Talen Energy Corporation (TLN)vs › | $17.65B | 6.24 | 4.21 | 3.19 | 4.01 |
| CenterPoint Energy, Inc. (CNP)vs › | $28.18B | 2.12 | 2.04 | 1.93 | 1.84 |
| Atmos Energy Corporation (ATO)vs › | $28.31B | 0.69 | 0.68 | 0.73 | 0.76 |
| WEC Energy Group, Inc. (WEC)vs › | $37.13B | 1.64 | 1.64 | 1.60 | 1.53 |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 5.30 | 4.53 | 4.12 | 4.17 |
Financial Health
Debt/Equity
2.07
Current Ratio
0.98
CMS Energy Corporation Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
CMS Energy Corporation Debt to Equity Ratio FAQ
- What is the debt to equity ratio for CMS Energy Corporation (CMS)?
- The debt to equity ratio for CMS stock is 2.07.
- Is CMS Energy Corporation's debt to equity ratio high or low?
- CMS Energy Corporation's debt to equity ratio of 2.07 is in line with its 5-year average of 2.06, around the middle of its 5-year range (1.89–2.26).
- What is the TTM average debt to equity ratio for CMS Energy Corporation (CMS)?
- The TTM average debt to equity ratio for CMS stock is 2.04.
- What is the 3Y average debt to equity ratio for CMS Energy Corporation (CMS)?
- The 3Y average debt to equity ratio for CMS stock is 2.05.
- What is the 5Y average debt to equity ratio for CMS Energy Corporation (CMS)?
- The 5Y average debt to equity ratio for CMS stock is 2.06.
- What is the 10Y average debt to equity ratio for CMS Energy Corporation (CMS)?
- The 10Y average debt to equity ratio for CMS stock is 2.24.
- What is the 15Y average debt to equity ratio for CMS Energy Corporation (CMS)?
- The 15Y average debt to equity ratio for CMS stock is 2.29.
- What is the 20Y average debt to equity ratio for CMS Energy Corporation (CMS)?
- The 20Y average debt to equity ratio for CMS stock is 2.38.
CMS Energy Corporation Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 2.07 |
| 2024-12-31 | 2.02 |
| 2023-12-31 | 2.08 |
| 2022-12-31 | 2.04 |
| 2021-12-31 | 1.89 |
| 2020-12-31 | 2.26 |
| 2019-12-31 | 2.65 |
| 2018-12-31 | 2.48 |
| 2017-12-31 | 2.36 |
| 2016-12-31 | 2.36 |
| 2015-12-31 | 2.41 |
| 2014-12-31 | 2.38 |
| 2013-12-31 | 2.31 |
| 2012-12-31 | 2.35 |
| 2011-12-31 | 2.40 |
| 2010-12-31 | 2.64 |
| 2009-12-31 | 2.40 |
| 2008-12-31 | 2.50 |
| 2007-12-31 | 2.74 |
| 2006-12-31 | 2.80 |
| 2005-12-31 | 2.99 |
| 2004-12-31 | 3.32 |
| 2003-12-31 | 4.59 |
| 2002-12-31 | 5.80 |
| 2001-12-31 | 4.43 |
| 2000-12-31 | 3.36 |
| 1999-12-31 | 3.20 |
| 1998-12-31 | 2.46 |
| 1997-12-31 | 2.21 |
| 1996-12-31 | 2.23 |
Related Metrics
About CMS Energy Corporation
CMS Energy Corporation (CMS) operates as a significant utility provider with its primary services concentrated in Michigan. The company's business is structured into three main divisions: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment encompasses the full spectrum of electricity operations, from generating power using a variety of sources—including coal, wind, natural gas, renewable energies, oil, and nuclear—to its subsequent purchase, transmission, distribution, and sale to customers. Its extensive electrical grid is supported by approximately 4,636 miles of high-voltage overhead distribution lines, 23 miles of high-voltage underground distribution lines, an additional 82,474 miles of electric overhead distribution lines, and 9,395 miles of underground distribution lines. This vast network also includes 1,093 substations and 3 battery storage facilities. The Gas Utility division is responsible for procuring, transmitting, storing, distributing, and selling natural gas. This segment's infrastructure features 2,392 miles of transmission pipelines, 15 natural gas storage fields, 28,065 miles of distribution mains, and 8 compressor stations. The Enterprises segment specializes in independent power generation and energy marketing, particularly focusing on the development and operation of renewable energy projects. CMS Energy serves a considerable customer base, providing electricity to 1.9 million clients and natural gas to 1.8 million clients, spanning residential, commercial, and diverse industrial sectors. The company was established in 1987 and its corporate headquarters are situated in Jackson, Michigan.
- Sector
- Utilities
- Industry
- Regulated Electric
- CEO
- Garrick J. Rochow