Southern Co (STU:SOT) Debt-to-Asset : 0.47 (As of Mar. 2024)

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What is Southern Co Debt-to-Asset?

Southern Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €4,226 Mil. Southern Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €55,801 Mil. Southern Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €128,910 Mil. Southern Co's debt to asset for the quarter that ended in Mar. 2024 was 0.47.

Southern Co Debt-to-Asset Historical Data

The historical data trend for Southern Co's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Southern Co Debt-to-Asset Chart

Southern Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.41

0.42

0.44

0.46

Southern Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.45	0.46	0.45	0.46	0.47

Competitive Comparison of Southern Co's Debt-to-Asset

For the Utilities - Regulated Electric subindustry, Southern Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southern Co's Debt-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Southern Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Southern Co's Debt-to-Asset falls into.

Southern Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Southern Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(4560.241	+	53660.089)	/	127766.527
	=	0.46

Southern Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(4225.56	+	55800.76)	/	128910.4
	=	0.47

Southern Co (STU:SOT) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Southern Co Debt-to-Asset Related Terms

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Southern Co (STU:SOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Southern Co (STU:SOT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

SO:USA 1SO:Italy SOT:Germany T1SO34:Brazil

Address

30 Ivan Allen Jr. Boulevard, Northwest, Atlanta, GA, USA, 30308

Website

https://www.southerncompany.com

Southern is one of the largest utilities in the U.S. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four states. It owns 50 gigawatts of rate-regulated generating capacity, primarily for serving customers in Georgia, Alabama, and Mississippi. Subsidiary Southern Power owns 13 gigawatts of natural gas generation and renewable energy across the U.S. and sells the electricity primarily under long-term contracts.

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