CMSA NYSE
Credit Risk of going bust: lower than 84% of companies Debt: 37.8% of company value Bonds: none of note held by US funds details ▾
If the stock fell to about $0.44 (down 98%), CMS Energy Corporation 5.6% JRSUB NT 78 would be worth roughly what it owes.
Total debt $13.15B against a stock market value of $21.65B.
Distance to default 10.82 (Merton model): prices to 2026-10-27, balance sheet 2026-09-30, debt counted $6.58B (short-term plus half of long-term), stock volatility 17.7%; Altman Z'' 36.95. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Jackson, MI 49201
US
CMS Energy Corporation is a utility company primarily engaged in delivering electricity and natural gas services. Its operations are structured into three distinct business divisions: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility division oversees the entire process of electricity, from its generation and procurement to its delivery and final sale. Concurrently, the Gas Utility segment manages the acquisition, transmission, storage, distribution, and retail of natural gas. NorthStar Clean Energy specializes in independent power generation within the domestic market, encompassing the development and management of renewable energy facilities, alongside the commercialization of independently produced power. The corporation, established in 1987, maintains its corporate headquarters in Jackson, Michigan.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| Wright Laura | A-Award | 2,411 | — | 2026-05-08 |
| TANSKI RONALD J | A-Award | 2,411 | — | 2026-05-08 |
| RUSSELL JOHN G | A-Award | 2,411 | — | 2026-05-08 |
| Keyes Richard Patric | A-Award | 2,411 | — | 2026-05-08 |
| Sznewajs John G | A-Award | 2,411 | — | 2026-05-08 |