Southern Company (SO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 33,208,000 | 33,298,000 | 32,449,000 | 31,920,000 | 31,444,000 | 31,377,000 | 30,672,000 | 30,528,000 | 30,408,000 | 31,481,000 | 28,973,000 | 28,588,000 | 28,164,000 | 28,980,000 | 28,490,000 | 28,773,000 | 28,263,000 | 28,580,000 | 27,961,000 | 28,016,000 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $33,208,000K)
= 0.00
The debt-to-capital ratio of Southern Company has remained consistently at 0.00 from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure or that its debt is negligible compared to its total capital. This low ratio suggests that Southern Company has a capital structure primarily financed by equity rather than debt. A low debt-to-capital ratio is often viewed positively by investors and creditors as it signifies lower financial risk and greater financial stability for the company. However, it's essential to consider other financial metrics and factors alongside the debt-to-capital ratio to gain a more comprehensive understanding of Southern Company's financial health and performance.
Peer comparison
Dec 31, 2024