Southern Company (SO)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 145,180,000 143,956,000 141,937,000 140,120,000 139,331,000 138,321,000 137,116,000 134,756,000 134,891,000 134,005,000 130,769,000 128,639,000 127,534,000 127,861,000 125,907,000 125,393,000 122,935,000 123,158,000 119,731,000 118,852,000
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 has consistently been 0.00 for all reporting periods from March 31, 2020, to December 31, 2024. This indicates that Southern Company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, with no reliance on borrowed funds. In this context, Southern Company appears to have a strong financial position with no significant debt obligations impacting its asset base. This level of financial stability may suggest that the company has a lower risk of financial distress due to debt-related issues.