CMS Energy Corporation (CMS) — Cash Flow-to-Debt Ratio
CMS Energy Corporation (CMS) has a Cash Flow-to-Debt Ratio of 0.02x as of June 2026, meaning its operating cash flow of $622.00 Million could theoretically repay 0% of its total liabilities ($30.71 Billion) in one year. See CMS financial flexibility score to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
CMS Energy Corporation Cash Flow-to-Debt Ratio (1994–2025)
Historical debt coverage capacity for CMS Energy Corporation across 32 annual periods. For the full cash flow conversion analysis, see CMS Energy Corporation cash conversion from operations.
Annual Cash Flow-to-Debt Ratio for CMS Energy Corporation (1994–2025)
Year-by-year debt coverage analysis for CMS Energy Corporation. Check CMS Energy Corporation cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.07x | $2.23 Billion | $30.68 Billion | ▼ -16.5% |
| 2024 | 0.09x | $2.37 Billion | $27.17 Billion | ▼ -4.1% |
| 2023 | 0.09x | $2.31 Billion | $25.39 Billion | ▲ +152.7% |
| 2022 | 0.04x | $855.00 Million | $23.76 Billion | ▼ -57.3% |
| 2021 | 0.08x | $1.82 Billion | $21.57 Billion | ▲ +55.9% |
| 2020 | 0.05x | $1.28 Billion | $23.59 Billion | ▼ -34.2% |
| 2019 | 0.08x | $1.79 Billion | $21.78 Billion | ▼ -4.8% |
| 2018 | 0.09x | $1.70 Billion | $19.74 Billion | ▼ -6.0% |
| 2017 | 0.09x | $1.71 Billion | $18.57 Billion | ▼ -2.3% |
| 2016 | 0.09x | $1.63 Billion | $17.33 Billion | ▼ -6.2% |
| 2015 | 0.10x | $1.64 Billion | $16.36 Billion | ▲ +7.2% |
| 2014 | 0.09x | $1.45 Billion | $15.48 Billion | ▼ -8.4% |
| 2013 | 0.10x | $1.42 Billion | $13.93 Billion | ▲ +14.2% |
| 2012 | 0.09x | $1.24 Billion | $13.89 Billion | ▲ +2.2% |
| 2011 | 0.09x | $1.17 Billion | $13.38 Billion | ▲ +16.4% |
| 2010 | 0.08x | $959.00 Million | $12.78 Billion | ▲ +9.0% |
| 2009 | 0.07x | $848.00 Million | $12.32 Billion | ▲ +49.5% |
| 2008 | 0.05x | $559.00 Million | $12.14 Billion | ▲ +1905.6% |
| 2007 | 0.00x | $27.00 Million | $11.76 Billion | ▼ -95.7% |
| 2006 | 0.05x | $688.00 Million | $12.79 Billion | ▲ +17.7% |
| 2005 | 0.05x | $599.00 Million | $13.10 Billion | ▲ +47.1% |
| 2004 | 0.03x | $398.00 Million | $12.81 Billion | ▲ +250.8% |
| 2003 | -0.02x | $-251.00 Million | $12.18 Billion | ▼ -142.8% |
| 2002 | 0.05x | $614.00 Million | $12.76 Billion | ▲ +74.5% |
| 2001 | 0.03x | $417.00 Million | $15.13 Billion | ▼ -18.4% |
| 2000 | 0.03x | $453.00 Million | $13.40 Billion | ▼ -52.1% |
| 1999 | 0.07x | $917.00 Million | $13.01 Billion | ▲ +24.3% |
| 1998 | 0.06x | $516.00 Million | $9.09 Billion | ▼ -28.9% |
| 1997 | 0.08x | $624.00 Million | $7.82 Billion | ▼ -16.5% |
| 1996 | 0.10x | $661.00 Million | $6.91 Billion | ▼ -6.4% |
| 1995 | 0.10x | $682.00 Million | $6.67 Billion | ▲ +4.8% |
| 1994 | 0.10x | $612.00 Million | $6.28 Billion | — |