Southern Company (SO)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 33,208,000 | 31,444,000 | 30,408,000 | 28,164,000 | 28,263,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $33,208,000K)
= 0.00
The debt-to-capital ratio for Southern Company has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that Southern Company's total debt is either minimal or non-existent in relation to its total capital. A debt-to-capital ratio of 0.00 signifies that the company is primarily financed by equity rather than debt, which could imply a lower financial risk and favorable financial stability. It suggests that Southern Company may have strong financial health and may be in a position to pursue growth opportunities without relying heavily on borrowing.
Peer comparison
Dec 31, 2024