CMS ENERGY CORP Balance Sheet

CMSA|15 years of annual SEC 10-K data (FY2011-FY2025)

Shows total assets, cash and equivalents, receivables, property and equipment, total debt, and shareholders' equity across 15 fiscal years. All figures from audited SEC 10-K filings.

CMS ENERGY CORP had $39.9B in total assets and $9.1B in shareholders' equity as of FY2025. Total debt was $17.8B against $509M in cash, resulting in $17.3B net debt.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 0.41 (distress zone, below 1.8 threshold)
High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Cash & Equivalents	$509.0M	$103.0M	$227.0M	$164.0M	$452.0M	$168.0M	$140.0M	$153.0M	$182.0M	$235.0M	$207.0M	$93.0M	$161.0M	$247.0M	$90.0M
Accounts Receivable	-	-	-	$1.6B	$931.0M	$863.0M	$886.0M	$964.0M	$1.0B	$821.0M	$774.0M	$881.0M	$914.0M	$855.0M	$869.0M
Current Assets	$3.5B	$2.8B	$2.8B	$3.4B	$2.6B	$2.4B	$2.3B	$2.5B	$2.5B	$2.3B	$2.3B	$2.6B	$2.5B	$2.4B	$2.6B
PP&E (Net)	$30.7B	$27.5B	$25.1B	$22.7B	$22.4B	$21.0B	$18.9B	$18.1B	$16.8B	$15.7B	$14.7B	$13.4B	-	-	-
Total Assets	$39.9B	$35.9B	$33.5B	$28.8B	$29.7B	$26.8B	$24.5B	$23.1B	$21.6B	$20.3B	$19.2B	$17.4B	$17.1B	$16.5B	$15.6B
Current Liabilities	$3.5B	$3.5B	$2.9B	$3.0B	$2.2B	$3.1B	$2.7B	$2.6B	$2.8B	$2.7B	$2.3B	$2.0B	$1.9B	$1.8B	$2.3B
Total Debt	$17.8B	$15.2B	$14.5B	$13.1B	$12.0B	$13.6B	$12.0B	$10.6B	$9.1B	$8.6B	$8.4B	$8.0B	$7.6B	$7.2B	$7.1B
Shareholders' Equity	$9.1B	$8.2B	$7.5B	$7.0B	$6.6B	$5.5B	$5.0B	$4.8B	$4.4B	$4.3B	$3.9B	$3.7B	$3.5B	$3.2B	$3.0B

Other Financial Statements

Income Statement Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

CMS ENERGY CORP Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Cash & Equivalents

$509.0M

$103.0M

$227.0M

$164.0M

$452.0M

$168.0M

$140.0M

$153.0M

$182.0M

$235.0M

$207.0M

$93.0M

$161.0M

$247.0M

$90.0M

Accounts Receivable

$1.6B

$931.0M

$863.0M

$886.0M

$964.0M

$1.0B

$821.0M

$774.0M

$881.0M

$914.0M

$855.0M

$869.0M

Current Assets

$3.5B

$2.8B

$3.4B

$2.6B

$2.4B

$2.3B

$2.5B

$2.3B

$2.6B

$2.5B

$2.4B

$2.6B

PP&E (Net)

$30.7B

$27.5B

$25.1B

$22.7B

$22.4B

$21.0B

$18.9B

$18.1B

$16.8B

$15.7B

$14.7B

$13.4B

Total Assets

$39.9B

$35.9B

$33.5B

$28.8B

$29.7B

$26.8B

$24.5B

$23.1B

$21.6B

$20.3B

$19.2B

$17.4B

$17.1B

$16.5B

$15.6B

Current Liabilities

$3.5B

$2.9B

$3.0B

$2.2B

$3.1B

$2.7B

$2.6B

$2.8B

$2.7B

$2.3B

$2.0B

$1.9B

$1.8B

$2.3B

Total Debt

$17.8B

$15.2B

$14.5B

$13.1B

$12.0B

$13.6B

$12.0B

$10.6B

$9.1B

$8.6B

$8.4B

$8.0B

$7.6B

$7.2B

$7.1B

Shareholders' Equity

$9.1B

$8.2B

$7.5B

$7.0B

$6.6B

$5.5B

$5.0B

$4.8B

$4.4B

$4.3B

$3.9B

$3.7B

$3.5B

$3.2B

$3.0B