Southern Company (SO)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 59,400,000 | — | — | — | 54,600,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 31,444,000 | 35,304,000 | 34,648,000 | 34,562,000 | 30,408,000 | 35,718,000 | 33,255,000 | 32,920,000 | 27,874,000 | 33,510,000 | 33,037,000 | 33,359,000 | 27,972,000 | 32,791,000 | 32,252,000 | 32,207,000 | 27,505,000 | 32,082,000 | 31,422,000 | 30,978,000 |
| Debt-to-capital ratio | 0.65 | 0.00 | 0.00 | 0.00 | 0.64 | 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, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $59,400,000K ÷ ($59,400,000K + $31,444,000K)
= 0.65
The debt-to-capital ratio of Southern Company has remained relatively stable over the past quarters, ranging from 0.64 to 0.66. This ratio indicates the proportion of the company's capital that is financed by debt. With a ratio consistently around 0.65 to 0.66, Southern Company has been maintaining a moderate level of debt relative to its total capital structure. It suggests that the company relies moderately on debt financing to fund its operations and investments. The stability in the ratio over the quarters indicates a consistent approach to maintaining a balanced capital structure and managing its debt levels effectively. It's important for investors and stakeholders to monitor this ratio over time to assess the company's financial leverage and risk profile.
Peer comparison
Dec 31, 2023