CMS Energy Corporation (CMS) — Working Capital to Net Assets Ratio
CMS Energy Corporation (CMS) has a Working Capital to Net Assets ratio of -2.5% as of June 2026. Working capital of $-262.00 Million (current assets of $3.10 Billion minus current liabilities of $3.36 Billion) is measured against net assets of $10.39 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See CMS Energy Corporation defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
CMS Energy Corporation Working Capital to Net Assets (1994–2025)
This chart shows how CMS Energy Corporation's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1994 to 2025. As of June 2026, the ratio stands at -2.5%, reflecting working capital of $-262.00 Million against net assets of $10.39 Billion USD. For the complete balance sheet picture, see CMS Energy Corporation (CMS) total assets.
Annual Working Capital to Net Assets for CMS Energy Corporation (1994–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for CMS Energy Corporation from 1994 to 2025, covering 32 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check CMS Energy Corporation (CMS) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -0.8% | $-76.00 Million | $9.71 Billion | $3.47 Billion | $3.55 Billion | ▲ +7.6 pp |
| 2024 | -8.4% | $-731.00 Million | $8.75 Billion | $2.79 Billion | $3.52 Billion | ▼ -7.7 pp |
| 2023 | -0.7% | $-56.00 Million | $8.12 Billion | $2.84 Billion | $2.90 Billion | ▼ -6.6 pp |
| 2022 | 5.9% | $448.00 Million | $7.59 Billion | $3.43 Billion | $2.98 Billion | ▲ +0.0 pp |
| 2021 | 5.9% | $423.00 Million | $7.19 Billion | $2.63 Billion | $2.20 Billion | ▼ -7.9 pp |
| 2020 | 13.8% | $836.00 Million | $6.08 Billion | $2.40 Billion | $1.57 Billion | ▲ +21.1 pp |
| 2019 | -7.4% | $-373.00 Million | $5.05 Billion | $2.33 Billion | $2.70 Billion | ▼ -4.1 pp |
| 2018 | -3.3% | $-156.00 Million | $4.79 Billion | $2.47 Billion | $2.62 Billion | ▲ +3.6 pp |
| 2017 | -6.9% | $-309.00 Million | $4.48 Billion | $2.48 Billion | $2.78 Billion | ▲ +1.8 pp |
| 2016 | -8.7% | $-375.00 Million | $4.29 Billion | $2.28 Billion | $2.65 Billion | ▼ -9.2 pp |
| 2015 | 0.5% | $18.00 Million | $3.98 Billion | $2.32 Billion | $2.30 Billion | ▼ -17.1 pp |
| 2014 | 17.5% | $649.00 Million | $3.71 Billion | $2.60 Billion | $1.95 Billion | ▲ +0.9 pp |
| 2013 | 16.6% | $581.00 Million | $3.49 Billion | $2.53 Billion | $1.95 Billion | ▼ -2.7 pp |
| 2012 | 19.3% | $625.00 Million | $3.24 Billion | $2.42 Billion | $1.80 Billion | ▲ +11.9 pp |
| 2011 | 7.4% | $227.00 Million | $3.07 Billion | $2.56 Billion | $2.34 Billion | ▼ -18.6 pp |
| 2010 | 26.0% | $738.00 Million | $2.84 Billion | $2.76 Billion | $2.02 Billion | ▼ -0.8 pp |
| 2009 | 26.8% | $788.00 Million | $2.94 Billion | $2.74 Billion | $1.95 Billion | ▼ -8.1 pp |
| 2008 | 35.0% | $964.00 Million | $2.76 Billion | $2.83 Billion | $1.86 Billion | ▲ +18.2 pp |
| 2007 | 16.7% | $407.00 Million | $2.43 Billion | $2.88 Billion | $2.48 Billion | ▼ -21.4 pp |
| 2006 | 38.2% | $987.00 Million | $2.59 Billion | $3.14 Billion | $2.16 Billion | ▼ -23.1 pp |
| 2005 | 61.2% | $1.79 Billion | $2.92 Billion | $3.92 Billion | $2.13 Billion | ▲ +20.7 pp |
| 2004 | 40.6% | $1.24 Billion | $3.07 Billion | $3.00 Billion | $1.75 Billion | ▼ -10.3 pp |
| 2003 | 50.9% | $844.00 Million | $1.66 Billion | $2.49 Billion | $1.65 Billion | ▲ +63.9 pp |
| 2002 | -13.0% | $-150.00 Million | $1.15 Billion | $2.75 Billion | $2.90 Billion | ▲ +26.3 pp |
| 2001 | -39.3% | $-777.00 Million | $1.98 Billion | $3.03 Billion | $3.81 Billion | ▼ -8.6 pp |
| 2000 | -30.7% | $-753.00 Million | $2.45 Billion | $2.45 Billion | $3.20 Billion | ▼ -2.7 pp |
| 1999 | -28.1% | $-690.00 Million | $2.46 Billion | $1.82 Billion | $2.51 Billion | ▼ -9.9 pp |
| 1998 | -18.2% | $-403.00 Million | $2.22 Billion | $1.41 Billion | $1.81 Billion | ▲ +29.2 pp |
| 1997 | -47.4% | $-937.00 Million | $1.98 Billion | $1.14 Billion | $2.08 Billion | ▼ -5.7 pp |
| 1996 | -41.7% | $-709.00 Million | $1.70 Billion | $1.01 Billion | $1.72 Billion | ▼ -0.8 pp |
| 1995 | -40.8% | $-600.00 Million | $1.47 Billion | $910.00 Million | $1.51 Billion | ▼ -5.5 pp |
| 1994 | -35.3% | $-391.00 Million | $1.11 Billion | $830.00 Million | $1.22 Billion | — |