CMSC NYSE
Credit Risk of going bust: lower than 80% of companies Debt: 46.9% of company value Bonds: none of note held by US funds details ▾
If the stock fell to about $0.64 (down 97%), CMS Energy Corporation 5.875% J would be worth roughly what it owes.
Total debt $19.30B against a stock market value of $21.82B.
Distance to default 9.63 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $9.96B (short-term plus half of long-term), stock volatility 17.6%; Altman Z'' 0.81. 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 primarily operates within the electric and natural gas industries. Its core business is structured across three distinct segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment handles the complete cycle of electricity, from its generation and purchase to its distribution and ultimate sale. Meanwhile, the Gas Utility segment manages the acquisition, transmission, storage, distribution, and retail of natural gas. The NorthStar Clean Energy division is dedicated to domestic independent power production, encompassing the development and operation of renewable energy sources, alongside the marketing of independently generated power. Established in 1987, the company's corporate headquarters are located in Jackson, Michigan.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| Rochow Garrick J | D-Return | 9,338 | — | 2024-01-20 |
| Rochow Garrick J | F-InKind | 18,914 | $56.44 | 2024-01-20 |
| McIntosh Scott B | D-Return | 449 | — | 2024-01-20 |
| McIntosh Scott B | F-InKind | 706 | $56.44 | 2024-01-20 |
| Venkat Dhenuvakonda | D-Return | 554 | — | 2024-01-20 |