CMS Non Current Assets Total vs Short Long Term Debt Total Analysis

CMS Stock  USD 67.32  0.29  0.43%   
CMS Energy financial indicator trend analysis is way more than just evaluating CMS Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CMS Energy is a good investment. Please check the relationship between CMS Energy Non Current Assets Total and its Short Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CMS Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more information on how to buy CMS Stock please use our How to Invest in CMS Energy guide.

Non Current Assets Total vs Short Long Term Debt Total

Non Current Assets Total vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CMS Energy Non Current Assets Total account and Short Long Term Debt Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between CMS Energy's Non Current Assets Total and Short Long Term Debt Total is 0.98. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of CMS Energy, assuming nothing else is changed. The correlation between historical values of CMS Energy's Non Current Assets Total and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of CMS Energy are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Non Current Assets Total i.e., CMS Energy's Non Current Assets Total and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Short Long Term Debt Total

Most indicators from CMS Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CMS Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CMS Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more information on how to buy CMS Stock please use our How to Invest in CMS Energy guide.Tax Provision is likely to gain to about 149.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 99.4 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit2.6B2.8B2.9B2.3B
Total Revenue7.3B8.6B7.5B6.3B

CMS Energy fundamental ratios Correlations

0.730.68-0.350.310.420.720.690.050.750.320.70.360.320.80.10.770.410.37-0.440.740.330.780.470.540.68
0.730.98-0.090.480.810.990.990.660.870.391.00.790.390.710.630.990.130.18-0.11.00.790.710.510.550.96
0.680.98-0.090.40.770.961.00.640.790.280.980.840.280.710.630.980.060.24-0.180.980.760.650.60.570.92
-0.35-0.09-0.090.130.09-0.1-0.110.26-0.140.18-0.080.00.18-0.340.36-0.160.01-0.420.49-0.120.17-0.13-0.2-0.22-0.12
0.310.480.40.130.450.470.430.390.40.140.470.060.140.150.480.380.55-0.540.510.450.460.460.14-0.340.47
0.420.810.770.090.450.780.780.90.810.540.80.680.540.570.860.730.21-0.010.240.80.980.710.310.260.78
0.720.990.96-0.10.470.780.970.650.870.440.990.780.440.670.610.980.080.18-0.10.980.760.680.450.580.96
0.690.991.0-0.110.430.780.970.650.820.280.990.840.280.730.610.980.090.23-0.160.990.760.680.590.560.93
0.050.660.640.260.390.90.650.650.60.450.670.680.450.270.90.57-0.04-0.180.440.630.930.40.140.160.65
0.750.870.79-0.140.40.810.870.820.60.580.850.570.580.80.580.840.350.15-0.010.850.760.880.290.590.82
0.320.390.280.180.140.540.440.280.450.580.390.261.00.120.470.34-0.030.030.140.360.540.33-0.20.330.4
0.71.00.98-0.080.470.80.990.990.670.850.390.810.390.680.630.990.080.18-0.110.990.780.670.510.550.96
0.360.790.840.00.060.680.780.840.680.570.260.810.260.470.550.81-0.340.5-0.310.810.680.330.550.560.75
0.320.390.280.180.140.540.440.280.450.581.00.390.260.120.470.34-0.030.030.140.360.540.33-0.20.330.4
0.80.710.71-0.340.150.570.670.730.270.80.120.680.470.120.250.750.410.35-0.330.730.490.870.60.620.67
0.10.630.630.360.480.860.610.610.90.580.470.630.550.470.250.520.13-0.290.50.60.930.460.110.080.55
0.770.990.98-0.160.380.730.980.980.570.840.340.990.810.340.750.520.060.3-0.260.990.70.680.570.640.95
0.410.130.060.010.550.210.080.09-0.040.35-0.030.08-0.34-0.030.410.130.06-0.390.340.110.150.7-0.01-0.250.04
0.370.180.24-0.42-0.54-0.010.180.23-0.180.150.030.180.50.030.35-0.290.3-0.39-0.910.23-0.090.050.430.530.16
-0.44-0.1-0.180.490.510.24-0.1-0.160.44-0.010.14-0.11-0.310.14-0.330.5-0.260.34-0.91-0.170.320.02-0.51-0.52-0.11
0.741.00.98-0.120.450.80.980.990.630.850.360.990.810.360.730.60.990.110.23-0.170.770.710.560.560.96
0.330.790.760.170.460.980.760.760.930.760.540.780.680.540.490.930.70.15-0.090.320.770.640.260.240.75
0.780.710.65-0.130.460.710.680.680.40.880.330.670.330.330.870.460.680.70.050.020.710.640.340.360.63
0.470.510.6-0.20.140.310.450.590.140.29-0.20.510.55-0.20.60.110.57-0.010.43-0.510.560.260.340.290.56
0.540.550.57-0.22-0.340.260.580.560.160.590.330.550.560.330.620.080.64-0.250.53-0.520.560.240.360.290.5
0.680.960.92-0.120.470.780.960.930.650.820.40.960.750.40.670.550.950.040.16-0.110.960.750.630.560.5
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CMS Energy Account Relationship Matchups

CMS Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding284.3M286.3M289.5M290M291.7M199.2M
Total Assets26.8B29.7B28.8B31.4B33.5B19.7B
Short Long Term Debt Total13.2B16.7B12.5B15.4B15.6B9.4B
Other Current Liab273M307M418M396M406M446.1M
Total Current Liabilities1.5B1.6B1.8B1.9B2.9B1.6B
Total Stockholder Equity5.0B5.5B6.6B7.0B7.5B7.9B
Property Plant And Equipment Net18.9B21.0B22.4B22.7B25.1B12.8B
Net Debt13.1B15.0B12.0B15.3B15.4B9.0B
Retained Earnings(25M)214M1.1B1.4B1.7B1.7B
Accounts Payable635M678M886M928M809M672.7M
Cash140M168M452M164M227M263.6M
Non Current Assets Total24.5B27.3B26.1B27.9B30.7B17.1B
Non Currrent Assets Other5.5B6.2B3.7B4.8B5.5B4.0B
Cash And Short Term Investments140M168M452M164M227M263.6M
Net Receivables1.1B1.2B943M1.6B944M997.0M
Liabilities And Stockholders Equity26.8B29.7B28.8B31.4B33.5B19.7B
Non Current Liabilities Total20.3B22.0B19.7B21.9B22.5B12.7B
Inventory605M576M667M1.1B938M861.6M
Other Current Assets2.2B2.2B565M572M730M1.0B
Other Stockholder Equity61M(165M)5.4B5.5B5.7B6.0B
Total Liab21.8B23.6B21.6B23.8B25.4B16.0B
Property Plant And Equipment Gross18.9B26.8B30.9B31.7B34.1B35.8B
Total Current Assets2.3B2.4B2.6B3.4B2.8B2.7B
Accumulated Other Comprehensive Income(73M)(86M)(59M)(52M)(46M)(48.3M)
Short Term Debt1.2B1.5B385M1.1B1.1B931.3M
Common Stock4.8B5.0B5.5B6.4B6.8B2.9M
Other Liab7.0B6.8B7.3B7.6B8.7B4.9B
Other Assets5.5B6.1B3.8B5.2B6.0B3.4B
Long Term Debt12.0B15.2B12.5B14.3B14.5B9.6B
Property Plant Equipment19.0B21.1B22.4B22.7B26.1B13.8B
Current Deferred Revenue(644M)(923M)(1.3B)815M733.5M770.2M
Deferred Long Term Liab2.5B2.7B2.3B3.6B4.1B4.3B
Net Tangible Assets5.0B5.5B6.4B6.8B7.8B5.3B
Long Term Debt Total12.0B15.2B12.1B14.3B16.5B11.7B
Capital Surpluse5.1B5.4B5.4B5.5B6.3B5.6B
Capital Lease Obligations76M56M46M68M62M69.6M

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