CMS Energy Corporation (CMS) - Total Assets
Based on the latest financial reports, CMS Energy Corporation (CMS) holds total assets worth $40.28 Billion USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore debt repayment capacity of CMS Energy Corporation to assess how comfortably operating cash covers total debt obligations.
CMS Energy Corporation - Total Assets Trend (1994–2025)
This chart illustrates how CMS Energy Corporation's total assets have evolved over time, based on quarterly financial data. See CMS total equity for net asset value and shareholders' equity analysis.
CMS Energy Corporation - Asset Composition Analysis
Current Asset Composition (December 2025)
CMS Energy Corporation's total assets of $40.28 Billion consist of 8.6% current assets and 91.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $509.00 Million | 1.5% |
| Accounts Receivable | $1.32 Billion | 3.3% |
| Inventory | $791.00 Million | 2.0% |
| Property, Plant & Equipment | $30.68 Billion | 76.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1994–2025)
This chart illustrates how CMS Energy Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see CMS company net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: CMS Energy Corporation's current assets represent 8.6% of total assets in 2025, a decrease from 11.2% in 1994.
- Cash Position: Cash and equivalents constituted 1.5% of total assets in 2025, up from 1.1% in 1994.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1994.
- Asset Diversification: The largest asset category is property, plant & equipment at 76.0% of total assets.
CMS Energy Corporation Competitors by Total Assets
Key competitors of CMS Energy Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
CLP HLDGS LTD ADR/1 HD 5
F:CLP1
|
Germany | €238.64 Billion |
|
An Hui Wenergy Co Ltd
SHE:000543
|
China | CN¥71.64 Billion |
|
Central Puerto S.A.
BA:CEPU
|
Argentina | AR$3.98 Trillion |
|
Companhiade Eletricidade do Estado da Bahia - COELBA
SA:CEEB3
|
Brazil | R$33.38 Billion |
|
Jiangxi Ganneng Co Ltd
SHE:000899
|
China | CN¥21.29 Billion |
|
Guangdong Shaoneng Group Co Ltd
SHE:000601
|
China | CN¥13.33 Billion |
|
Top Energy Shanxi Co Ltd
SHG:600780
|
China | CN¥12.17 Billion |
|
Liaoning Hongyang Energy Resource Invest Co Ltd
SHG:600758
|
China | CN¥13.33 Billion |
CMS Energy Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.84 | 1.06 | 0.75 |
| Quick Ratio | 0.66 | 0.84 | 0.57 |
| Cash Ratio | 0.00 | 0.18 | 0.05 |
| Working Capital | $-567.00 Million | $155.00 Million | $-792.00 Million |
CMS Energy Corporation - Advanced Valuation Insights
This section examines the relationship between CMS Energy Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.50 |
| Latest Market Cap to Assets Ratio | 0.55 |
| Asset Growth Rate (YoY) | 12.4% |
| Total Assets | $40.39 Billion |
| Market Capitalization | $22.12 Billion USD |
Valuation Analysis
Below Book Valuation: The market values CMS Energy Corporation's assets below their book value (0.55x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: CMS Energy Corporation's assets grew by 12.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for CMS Energy Corporation (1994–2025)
The table below shows the annual total assets of CMS Energy Corporation from 1994 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $40.39 Billion | +12.44% |
| 2024-12-31 | $35.92 Billion | +7.17% |
| 2023-12-31 | $33.52 Billion | +6.90% |
| 2022-12-31 | $31.35 Billion | +9.04% |
| 2021-12-31 | $28.75 Billion | -3.08% |
| 2020-12-31 | $29.67 Billion | +10.54% |
| 2019-12-31 | $26.84 Billion | +9.41% |
| 2018-12-31 | $24.53 Billion | +6.42% |
| 2017-12-31 | $23.05 Billion | +6.60% |
| 2016-12-31 | $21.62 Billion | +6.30% |
| 2015-12-31 | $20.34 Billion | +6.02% |
| 2014-12-31 | $19.18 Billion | +10.16% |
| 2013-12-31 | $17.42 Billion | +1.66% |
| 2012-12-31 | $17.13 Billion | +4.13% |
| 2011-12-31 | $16.45 Billion | +5.35% |
| 2010-12-31 | $15.62 Billion | +2.36% |
| 2009-12-31 | $15.26 Billion | +2.38% |
| 2008-12-31 | $14.90 Billion | +4.97% |
| 2007-12-31 | $14.20 Billion | -7.64% |
| 2006-12-31 | $15.37 Billion | -4.05% |
| 2005-12-31 | $16.02 Billion | +0.93% |
| 2004-12-31 | $15.87 Billion | +14.70% |
| 2003-12-31 | $13.84 Billion | -0.55% |
| 2002-12-31 | $13.91 Billion | -18.64% |
| 2001-12-31 | $17.10 Billion | +7.89% |
| 2000-12-31 | $15.85 Billion | +2.52% |
| 1999-12-31 | $15.46 Billion | +36.71% |
| 1998-12-31 | $11.31 Billion | +15.49% |
| 1997-12-31 | $9.79 Billion | +13.67% |
| 1996-12-31 | $8.62 Billion | +5.80% |
| 1995-12-31 | $8.14 Billion | +10.28% |
| 1994-12-31 | $7.38 Billion | -- |
About CMS Energy Corporation
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its di… Read more