CMS Energy Corporation (CMS)

Solvency & Capital Structure

Total Debt

$19.30B

Net Debt

$19.06B

CMS Energy Corporation currently has $19.30B in total debt. Net debt is $19.06B after cash offsets.

Financial Fundamentals

CMS • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	19.30	0.24	19.06	41.10	47.0%
2026-03-31	19.08	0.26	18.82	40.28	47.4%
2025-12-31	18.90	0.61	18.28	40.39	46.8%
2025-09-30	18.07	0.36	17.71	38.01	47.6%
2025-06-30	18.05	0.84	17.20	37.70	47.9%
2025-03-31	16.97	0.47	16.50	36.30	46.7%
2024-12-31	16.59	0.10	16.49	35.92	46.2%
2024-09-30	16.17	0.41	15.76	34.82	46.4%
2024-06-30	15.77	0.70	15.07	34.35	45.9%
2024-03-31	15.81	0.80	15.00	33.90	46.6%
2023-12-31	15.67	0.23	15.44	33.52	46.7%
2023-09-30	15.47	0.16	15.31	32.51	47.6%
2023-06-30	15.12	0.39	14.73	32.27	46.9%
2023-03-31	14.48	0.57	13.91	31.39	46.1%
2022-12-31	14.34	0.16	14.18	31.35	45.7%
2022-09-30	13.76	0.17	13.59	30.37	45.3%
2022-06-30	12.43	0.08	12.35	29.04	42.8%
2022-03-31	12.47	0.45	12.03	28.74	43.4%
2021-12-31	12.50	0.45	12.05	28.75	43.5%
2021-09-30	12.66	0.10	12.56	30.51	41.5%
2021-06-30	12.37	0.15	12.21	29.95	41.3%
2021-03-31	15.12	0.50	14.62	29.72	50.9%
2020-12-31	12.42	0.03	12.39	29.67	41.9%
2020-09-30	15.13	0.52	14.62	29.28	51.7%
2020-06-30	15.22	1.59	13.64	28.58	53.3%
2020-03-31	14.34	0.83	13.50	27.45	52.2%
2019-12-31	13.29	0.14	13.15	26.84	49.5%
2019-09-30	13.24	0.40	12.84	26.01	50.9%
2019-06-30	12.45	0.31	12.14	25.29	49.2%
2019-03-31	12.12	0.23	11.89	24.79	48.9%
2018-12-31	11.78	0.15	11.62	24.53	48.0%
2018-09-30	11.19	0.32	10.87	23.91	46.8%
2018-06-30	10.57	0.48	10.09	23.31	45.3%
2018-03-31	10.37	0.20	10.17	22.87	45.3%
2017-12-31	10.49	0.18	10.30	23.05	45.5%
2017-09-30	10.33	0.14	10.19	22.12	46.7%
2017-06-30	10.03	0.42	9.61	21.87	45.9%
2017-03-31	10.04	0.43	9.61	21.62	46.5%
2016-12-31	10.03	0.23	9.80	21.62	46.4%
2016-09-30	9.91	0.34	9.57	20.84	47.6%
2016-06-30	9.51	0.39	9.13	20.46	46.5%
2016-03-31	9.23	0.18	9.06	20.04	46.1%
2015-12-31	9.47	0.27	9.21	20.34	46.6%
2015-09-30	8.82	0.15	8.67	19.45	45.4%
2015-06-30	8.67	0.48	8.20	19.24	45.1%
2015-03-31	8.80	0.52	8.28	19.20	45.9%
2014-12-31	8.74	0.21	8.53	19.18	45.6%
2014-09-30	8.86	0.49	8.37	18.38	48.2%
2014-06-30	8.11	0.36	7.75	17.72	45.7%
2014-03-31	8.34	0.76	7.58	17.92	46.5%
2013-12-31	7.97	0.17	7.80	17.42	45.8%
2013-09-30	7.76	0.26	7.50	16.99	45.7%
2013-06-30	7.58	0.54	7.04	17.43	43.5%
2013-03-31	7.60	0.59	7.01	17.27	44.0%
2012-12-31	7.51	0.09	7.42	17.13	43.9%
2012-09-30	7.38	0.13	7.25	16.61	44.4%
2012-05-30	7.03	0.19	6.84	16.29	43.2%
2012-03-31	7.19	0.36	6.83	16.16	44.5%
2011-12-31	7.26	0.16	7.10	16.45	44.2%
2011-09-30	7.35	0.62	6.72	15.96	46.0%
2011-06-30	7.48	0.99	6.49	15.95	46.9%
2011-03-31	7.38	0.80	6.58	15.64	47.2%
2010-12-31	7.39	0.25	7.14	15.62	47.3%
2010-09-30	7.23	0.70	6.54	15.57	46.5%
2010-06-30	6.73	0.54	6.20	15.05	44.7%
2010-03-31	7.03	0.76	6.27	15.23	46.1%
2009-12-31	6.83	0.09	6.74	15.26	44.7%
2009-09-30	6.83	0.18	6.64	14.88	45.9%
2009-06-30	7.21	1.02	6.18	15.28	47.2%
2009-03-31	6.97	0.83	6.14	15.00	46.4%
2008-12-31	6.76	0.21	6.54	14.90	45.3%
2008-09-30	6.76	0.16	6.59	14.08	48.0%
2008-06-30	6.43	0.56	5.88	13.89	46.3%
2008-03-31	6.80	0.84	5.96	14.24	47.7%
2007-12-31	6.51	0.38	6.13	14.20	45.9%
2007-09-30	6.79	1.25	5.55	14.30	47.5%
2007-06-30	6.80	1.94	4.86	14.69	46.3%
2007-03-31	6.99	0.64	6.34	15.28	45.7%
2006-12-31	6.99	0.35	6.64	15.37	45.5%
2006-09-30	7.43	0.46	6.97	14.98	49.6%
2006-06-30	7.51	0.85	6.66	15.67	48.0%
2006-03-31	7.52	0.76	6.76	15.55	48.4%
2005-12-31	7.73	0.85	6.88	16.02	48.3%
2005-09-30	7.44	0.79	6.65	16.11	46.2%
2005-06-30	7.48	1.01	6.47	16.46	45.4%
2005-03-31	7.77	0.94	6.83	16.20	47.9%
2004-12-31	7.74	0.67	7.07	15.87	48.8%
2004-09-30	7.82	0.56	7.26	15.38	50.9%
2004-06-30	7.74	0.70	7.04	15.31	50.6%
2004-03-31	7.73	0.55	7.18	15.12	51.2%
2003-12-31	7.28	0.53	6.75	13.84	52.6%
2003-09-30	6.59	0.66	5.93	12.31	53.6%
2003-06-30	6.72	0.93	5.79	13.03	51.6%
2003-03-31	6.51	0.68	5.84	14.29	45.6%
2002-12-31	6.57	0.38	6.19	13.91	47.2%
2002-09-30	7.54	0.41	7.14	15.22	49.6%
2002-06-30	7.33	0.26	7.06	15.47	47.4%
2002-03-31	7.53	0.16	7.37	16.48	45.7%
2001-12-31	8.38	0.19	8.19	17.10	49.0%
2001-09-30	8.41	0.21	8.20	16.09	52.3%
2001-06-30	7.92	0.18	7.74	18.82	42.1%
2001-03-31	7.68	0.22	7.46	16.62	46.2%
2000-12-31	7.93	0.18	7.75	15.85	50.1%
2000-09-30	8.30	0.28	8.02	16.25	51.1%
2000-06-30	7.94	0.24	7.70	15.71	50.6%
2000-03-31	7.99	0.21	7.78	15.28	52.3%
1999-12-31	7.86	0.13	7.72	15.46	50.8%
1999-09-30	7.81	0.23	7.57	14.59	53.5%
1999-06-30	7.74	0.21	7.53	14.15	54.7%
1999-03-31	7.80	0.10	7.69	13.77	56.6%
1998-12-31	5.45	0.10	5.35	11.31	48.2%
1998-09-30	4.80	0.10	4.70	9.93	48.3%
1998-06-30	4.75	0.23	4.52	9.86	48.2%
1998-03-31	4.39	0.07	4.32	9.78	44.9%
1997-12-31	4.37	0.07	4.30	9.79	44.6%
1997-09-30	4.45	0.13	4.31	9.50	46.8%
1997-06-30	4.10	0.05	4.05	9.14	44.9%
1997-03-31	3.58	0.06	3.53	8.40	42.7%
1996-12-31	3.79	0.06	3.73	8.62	44.0%
1996-09-30	3.73	0.06	3.67	8.29	45.0%