Southern Company (SO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $33,208,000K
= 0.00
Based on the data provided, Southern Company's debt-to-equity ratio has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in its capital structure relative to its equity. This could suggest that Southern Company has a conservative financial structure with minimal reliance on debt financing. It may also imply strong financial stability and low financial risk, as the company is not burdened by high levels of debt that could impact its operations and profitability. However, it's important to note that a zero debt-to-equity ratio may also limit the company's ability to take advantage of leverage for potential growth opportunities. Further analysis of Southern Company's overall financial health and performance metrics would provide a more comprehensive understanding of its financial position.
Peer comparison
Dec 31, 2024