Southern Company (SO)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $33,208,000K
= 0.00
The debt-to-equity ratio of Southern Company has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or a very minimal amount of debt relative to its equity. This signifies that Southern Company has primarily funded its operations and growth using equity rather than relying on borrowing. A low debt-to-equity ratio is generally considered favorable as it suggests lower financial risk and a strong financial position. In the case of Southern Company, the consistent 0.00 debt-to-equity ratio over the years reflects a conservative capital structure and financial stability.
Peer comparison
Dec 31, 2024