Southern Company (SO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 145,180,000 | 139,331,000 | 134,891,000 | 127,534,000 | 122,935,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $145,180,000K
= 0.00
The debt-to-assets ratio for Southern Company remained consistently at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company has not taken on any debt relative to its total assets during this time frame. A debt-to-assets ratio of 0.00 suggests that Southern Company has been financing its operations and investments primarily through equity rather than debt financing. This low ratio indicates a strong financial position in terms of solvency and that the company may have lower financial risk compared to companies with higher debt ratios. Investors and stakeholders may view this as a positive indicator of the company's financial stability and ability to withstand economic downturns.
Peer comparison
Dec 31, 2024