CMS Energy Debt to Equity Ratio 2012-2025 | CMS
Current and historical debt to equity ratio values for CMS Energy (CMS) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. CMS Energy debt/equity for the three months ending September 30, 2025 was 1.84.
| CMS Energy Debt/Equity Ratio Historical Data | |||
|---|---|---|---|
| Date | Long Term Debt | Shareholder's Equity | Debt to Equity Ratio |
| 2025-09-30 | $28.58B | $9.43B | 3.03 |
| 2025-06-30 | $28.73B | $8.97B | 3.20 |
| 2025-03-31 | $27.37B | $8.92B | 3.07 |
| 2024-12-31 | $27.17B | $8.75B | 3.11 |
| 2024-09-30 | $26.18B | $8.64B | 3.03 |
| 2024-06-30 | $25.81B | $8.54B | 3.02 |
| 2024-03-31 | $25.40B | $8.51B | 2.99 |
| 2023-12-31 | $25.39B | $8.13B | 3.13 |
| 2023-09-30 | $24.76B | $7.76B | 3.19 |
| 2023-06-30 | $24.56B | $7.71B | 3.19 |
| 2023-03-31 | $23.73B | $7.65B | 3.10 |
| 2022-12-31 | $23.76B | $7.60B | 3.13 |
| 2022-09-30 | $22.87B | $7.50B | 3.05 |
| 2022-06-30 | $21.57B | $7.47B | 2.89 |
| 2022-03-31 | $21.34B | $7.41B | 2.88 |
| 2021-12-31 | $21.57B | $7.19B | 3.00 |
| 2021-09-30 | $23.86B | $6.65B | 3.59 |
| 2021-06-30 | $23.59B | $6.37B | 3.71 |
| 2021-03-31 | $23.42B | $6.30B | 3.72 |
| 2020-12-31 | $23.59B | $6.08B | 3.88 |
| 2020-09-30 | $23.38B | $5.90B | 3.96 |
| 2020-06-30 | $23.33B | $5.25B | 4.44 |
| 2020-03-31 | $22.23B | $5.22B | 4.26 |
| 2019-12-31 | $21.78B | $5.06B | 4.31 |
| 2019-09-30 | $21.02B | $4.99B | 4.21 |
| 2019-06-30 | $20.40B | $4.89B | 4.17 |
| 2019-03-31 | $19.90B | $4.90B | 4.07 |
| 2018-12-31 | $19.74B | $4.79B | 4.12 |
| 2018-09-30 | $19.13B | $4.79B | 4.00 |
| 2018-06-30 | $18.60B | $4.71B | 3.95 |
| 2018-03-31 | $18.24B | $4.63B | 3.94 |
| 2017-12-31 | $18.57B | $4.48B | 4.15 |
| 2017-09-30 | $17.55B | $4.57B | 3.84 |
| 2017-06-30 | $17.38B | $4.49B | 3.87 |
| 2017-03-31 | $17.22B | $4.41B | 3.91 |
| 2016-12-31 | $17.33B | $4.29B | 4.04 |
| 2016-09-30 | $16.55B | $4.30B | 3.85 |
| 2016-06-30 | $16.27B | $4.19B | 3.88 |
| 2016-03-31 | $15.89B | $4.15B | 3.83 |
| 2015-12-31 | $16.32B | $3.98B | 4.11 |
| 2015-09-30 | $15.51B | $3.94B | 3.94 |
| 2015-06-30 | $15.38B | $3.86B | 3.99 |
| 2015-03-31 | $15.36B | $3.84B | 4.00 |
| 2014-12-31 | $15.48B | $3.71B | 4.18 |
| 2014-09-30 | $14.67B | $3.71B | 3.96 |
| 2014-06-30 | $14.04B | $3.68B | 3.81 |
| 2014-03-31 | $14.27B | $3.66B | 3.90 |
| 2013-12-31 | $13.93B | $3.49B | 3.99 |
| 2013-09-30 | $13.55B | $3.43B | 3.95 |
| 2013-06-30 | $14.07B | $3.36B | 4.19 |
| 2013-03-31 | $13.92B | $3.35B | 4.16 |
| 2012-12-31 | $13.89B | $3.24B | 4.29 |
| 2012-09-30 | $13.37B | $3.24B | 4.13 |
| 2012-06-30 | $13.14B | $3.16B | 4.16 |
| 2012-03-31 | $13.07B | $3.09B | 4.23 |
| 2011-12-31 | $13.38B | $3.07B | 4.36 |
| 2011-09-30 | $12.87B | $3.09B | 4.17 |
| 2011-06-30 | $12.94B | $3.00B | 4.31 |
| 2011-03-31 | $12.71B | $2.93B | 4.34 |
| 2010-12-31 | $12.78B | $2.84B | 4.50 |
| 2010-09-30 | $12.71B | $2.87B | 4.43 |
| 2010-06-30 | $12.30B | $2.75B | 4.47 |
| 2010-03-31 | $12.52B | $2.70B | 4.64 |
| 2009-12-31 | $12.32B | $2.94B | 4.19 |
| 2009-09-30 | $12.20B | $2.69B | 4.54 |
| 2009-06-30 | $12.64B | $2.63B | 4.80 |
| 2009-03-31 | $12.43B | $2.57B | 4.84 |
| 2008-12-31 | $12.43B | $2.48B | 5.02 |
| 2008-09-30 | $11.65B | $2.43B | 4.80 |
| 2008-06-30 | $11.53B | $2.36B | 4.88 |
| 2008-03-31 | $12.04B | $2.21B | 5.46 |
| 2007-12-31 | $12.06B | $2.13B | 5.66 |
| 2007-09-30 | $12.03B | $2.27B | 5.30 |
| 2007-06-30 | $12.49B | $2.20B | 5.67 |
| 2007-03-31 | $13.17B | $2.11B | 6.24 |
| 2006-12-31 | $13.14B | $2.23B | 5.88 |
| 2006-09-30 | $12.70B | $2.28B | 5.58 |
| 2006-06-30 | $13.28B | $2.39B | 5.56 |
| 2006-03-31 | $13.24B | $2.31B | 5.74 |
| 2005-12-31 | $13.72B | $2.32B | 5.91 |
| 2005-09-30 | $13.80B | $2.31B | 5.97 |
| 2005-06-30 | $13.93B | $2.53B | 5.50 |
| 2005-03-31 | $13.96B | $2.24B | 6.23 |
| 2004-12-31 | $13.80B | $2.07B | 6.66 |
| 2004-09-30 | $13.61B | $1.76B | 7.72 |
| 2004-06-30 | $13.61B | $1.70B | 7.99 |
| 2004-03-31 | $13.44B | $1.68B | 8.02 |
| 2003-12-31 | $12.25B | $1.59B | 7.73 |
| 2003-09-30 | $11.94B | $1.29B | 9.25 |
| 2003-06-30 | $12.80B | $1.14B | 11.27 |
| 2003-03-31 | $14.03B | $1.18B | 11.94 |
| 2002-12-31 | $13.70B | $1.08B | 12.71 |
| 2002-09-30 | $12.57B | $1.83B | 6.87 |
| 2002-06-30 | $13.04B | $1.55B | 8.40 |
| 2002-03-31 | $13.52B | $2.08B | 6.50 |
| 2001-12-31 | $14.74B | $2.04B | 7.23 |
| 2001-09-30 | $15.50B | $1.99B | 7.80 |
| 2001-06-30 | $14.96B | $2.68B | 5.58 |
| 2001-03-31 | $14.47B | $2.70B | 5.36 |
| 2000-12-31 | $14.89B | $2.36B | 6.31 |
| 2000-09-30 | $13.94B | $2.30B | 6.06 |
| 2000-06-30 | $12.97B | $2.34B | 5.55 |
| 2000-03-31 | $12.90B | $2.37B | 5.44 |
| 1999-12-31 | $12.96B | $2.50B | 5.19 |
| 1999-09-30 | $10.89B | $3.70B | 2.94 |
| 1999-06-30 | $11.71B | $2.43B | 4.81 |
| 1999-03-31 | $11.23B | $2.54B | 4.43 |
| 1998-12-31 | $5.08B | $2.08B | 2.44 |
| 1998-09-30 | $8.01B | $1.92B | 4.17 |
| 1998-06-30 | $7.74B | $2.12B | 3.66 |
| 1998-03-31 | $7.49B | $2.29B | 3.27 |
| 1997-12-31 | $7.58B | $2.22B | 3.42 |
| 1997-09-30 | $7.43B | $2.07B | 3.59 |
| 1997-06-30 | $6.97B | $2.17B | 3.21 |
| 1997-03-31 | $6.27B | $2.13B | 2.94 |
| 1996-12-31 | $6.56B | $2.06B | 3.19 |
| 1996-09-30 | $6.32B | $1.98B | 3.20 |
| 1996-06-30 | $6.57B | $1.58B | 4.17 |
| 1996-03-31 | $6.50B | $1.54B | 4.22 |
| 1995-12-31 | $5.00B | $1.95B | 2.56 |
| 1995-09-30 | $6.06B | $1.80B | 3.38 |
| 1995-06-30 | $5.90B | $1.59B | 3.72 |
| 1995-03-31 | $6.14B | $1.21B | 5.08 |
| 1994-12-31 | $5.92B | $1.46B | 4.05 |
| 1994-09-30 | $5.72B | $1.44B | 3.97 |
| 1994-06-30 | $5.59B | $1.06B | 5.29 |
| 1994-03-31 | $5.43B | $1.04B | 5.21 |
| 1993-12-31 | $5.84B | $1.13B | 5.17 |
| 1993-09-30 | $6.04B | $0.99B | 6.09 |
| 1993-06-30 | $5.80B | $0.97B | 5.97 |
| 1993-03-31 | $5.69B | $0.95B | 5.98 |
| 1992-12-31 | $5.96B | $0.89B | 6.69 |
| 1992-09-30 | $4.95B | $1.27B | 3.90 |
| 1992-06-30 | $4.66B | $1.27B | 3.68 |
| 1992-03-31 | $4.72B | $1.26B | 3.73 |
| 1991-12-31 | $4.97B | $1.22B | 4.07 |
| 1991-09-30 | $5.80B | $1.20B | 4.84 |
| 1991-06-30 | $5.67B | $1.18B | 4.81 |
| 1991-03-31 | $5.71B | $1.17B | 4.87 |
| 1990-12-31 | $6.36B | $1.56B | 4.08 |
| 1990-09-30 | $6.37B | $2.22B | 2.87 |
| 1990-06-30 | $6.27B | $2.10B | 2.99 |
| 1990-03-31 | $6.28B | $2.22B | 2.83 |
| 1989-12-31 | $6.48B | $2.14B | 3.03 |
| 1989-09-30 | $6.08B | $2.17B | 2.80 |
| 1989-06-30 | $6.05B | $2.11B | 2.86 |
| 1989-03-31 | $5.98B | $2.07B | 2.89 |
| 1988-12-31 | $6.32B | $1.98B | 3.19 |
| 1988-09-30 | $6.00B | $1.93B | 3.11 |
| 1988-06-30 | $5.91B | $1.86B | 3.18 |
| 1988-03-31 | $5.99B | $1.84B | 3.25 |
| 1987-12-31 | $6.21B | $1.78B | 3.48 |
| 1987-09-30 | $5.71B | $2.65B | 2.15 |
| 1987-06-30 | $5.52B | $2.81B | 1.97 |
| 1987-03-31 | $0.00B | $0.00B | 0.00 |
| 1986-12-31 | $5.82B | $2.85B | 2.05 |
| Sector | Industry | Market Cap | Revenue |
|---|---|---|---|
| Utilities | Utility - Electric Power Distribution | $21.473B | $7.515B |
| CMS Energy is an energy provider featuring Consumers Energy as its primary business. It also owns and operates power generation businesses. CMS Energy is based in JACKSON, Mich. | |||
| Stock Name | Country | Market Cap | PE Ratio |
|---|---|---|---|
| NextEra Energy (NEE) | United States | $170.024B | 22.07 |
| Iberdrola S.A (IBDRY) | Spain | $142.310B | 23.60 |
| Southern (SO) | United States | $96.402B | 20.65 |
| Duke Energy (DUK) | United States | $91.290B | 18.12 |
| ENGIE - (ENGIY) | France | $66.288B | 0.00 |
| American Electric Power (AEP) | United States | $62.286B | 19.40 |
| Vistra (VST) | United States | $58.081B | 39.32 |
| E.ON SE (EONGY) | Germany | $50.823B | 15.82 |
| Dominion Energy (D) | United States | $50.403B | 17.78 |
| Xcel Energy (XEL) | United States | $44.330B | 20.59 |
| Exelon (EXC) | United States | $43.766B | 15.42 |
| Entergy (ETR) | United States | $42.145B | 23.24 |
| Public Service Enterprise Group (PEG) | United States | $39.298B | 18.88 |
| Consolidated Edison Inc (ED) | United States | $36.169B | 17.28 |
| Pacific Gas & Electric (PCG) | United States | $34.573B | 10.85 |
| WEC Energy (WEC) | United States | $34.468B | 20.03 |
| NRG Energy (NRG) | United States | $28.859B | 17.57 |
| DTE Energy (DTE) | United States | $27.456B | 18.31 |
| Ameren (AEE) | United States | $27.436B | 20.20 |
| FirstEnergy (FE) | United States | $26.168B | 16.84 |
| Fortis (FTS) | Canada | $26.047B | 21.13 |
| PPL (PPL) | United States | $25.876B | 20.10 |
| Eversource Energy (ES) | United States | $25.663B | 14.68 |
| CenterPoint Energy (CNP) | United States | $25.201B | 22.44 |
| Korea Electric Power (KEP) | South Korea | $24.562B | 4.20 |
| Edison (EIX) | United States | $23.349B | 10.59 |
| CLP Holdings (CLPHY) | Hong Kong, SAR China | $23.344B | 0.00 |
| Hydro One (HRNNF) | Canada | $22.834B | 0.00 |
| AXIA Energia (AXIA) | Brazil | $20.706B | 13.94 |
| NiSource (NI) | United States | $20.257B | 22.58 |
| Evergy (EVRG) | United States | $17.020B | 19.77 |
| Alliant Energy (LNT) | United States | $17.009B | 19.87 |
| Power Assets Holdings (HGKGY) | Hong Kong, SAR China | $15.685B | 0.00 |
| China Resources Power Holdings (CRPJY) | Hong Kong, SAR China | $12.477B | 0.00 |
| Pinnacle West Capital (PNW) | United States | $10.905B | 18.71 |
| AES (AES) | United States | $9.948B | 6.75 |
| Brookfield Renewable Partners (BEP) | Bermuda | $8.739B | 0.00 |
| OGE Energy (OGE) | United States | $8.657B | 17.26 |
| IDACORP (IDA) | United States | $7.029B | 22.35 |
| Companhia Paranaense De Energia - Copel (ELPC) | $6.870B | 18.84 | |
| Comp En De Mn Cemig ADS (CIG) | Brazil | $5.609B | 6.65 |
| Companhia Paranaense De Energia (COPEL) (ELP) | Brazil | $5.520B | 84.27 |
| Portland General Electric (POR) | United States | $5.497B | 16.79 |
| Black Hills (BKH) | United States | $5.153B | 17.38 |
| Algonquin Power & Utilities (AQN) | Canada | $4.871B | 19.21 |
| NorthWestern (NWE) | United States | $4.076B | 18.75 |
| Allete (ALE) | United States | $3.945B | 23.02 |
| Kenon Holdings (KEN) | Singapore | $3.624B | 0.00 |
| TransAlta (TAC) | Canada | $3.611B | 405.67 |
| Otter Tail (OTTR) | United States | $3.572B | 12.86 |
| Avista (AVA) | United States | $3.191B | 16.69 |
| MGE Energy (MGEE) | United States | $2.886B | 21.40 |
| Centuri Holdings (CTRI) | United States | $2.671B | 65.42 |
| Hawaiian Electric Industries (HE) | United States | $2.377B | 16.79 |
| Empresa Distribuidora Y Comercializadora Norte S.A (Edenor) (EDN) | Argentina | $1.278B | 6.74 |
| Unitil (UTL) | United States | $0.880B | 16.21 |
| Ballard Power Systems (BLDP) | Canada | $0.833B | 0.00 |
| Genie Energy (GNE) | United States | $0.379B | 0.00 |
| Polar Power (POLA) | United States | $0.005B | 0.00 |
| Great Plains Energy Inc (GXP) | United States | $0.000B | 0.00 |
| Pampa Energia S.A (PAM) | Argentina | $0.000B | 14.10 |
| Eletrobras (EBR.B) | Brazil | $0.000B | 0.00 |
| Enel Chile S.A (ENIC) | Chile | $0.000B | 72.00 |