Southern Co (STU:SOT) Long-Term Capital Lease Obligation : €1,189 Mil (As of Mar. 2024)

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What is Southern Co Long-Term Capital Lease Obligation?

Southern Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,189 Mil.

Southern Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€1,237 Mil) to Dec. 2023 (€1,199 Mil) and declined from Dec. 2023 (€1,199 Mil) to Mar. 2024 (€1,189 Mil).

Southern Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€1,330 Mil) to Dec. 2022 (€1,310 Mil) and declined from Dec. 2022 (€1,310 Mil) to Dec. 2023 (€1,199 Mil).

Southern Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Southern Co's Long-Term Capital Lease Obligation 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 Long-Term Capital Lease Obligation Chart

Southern Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,453.50

1,324.24

1,330.16

1,310.27

1,198.52

Southern Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,283.32	1,251.59	1,236.84	1,198.52	1,188.64

Southern Co (STU:SOT) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Southern Co Long-Term Capital Lease Obligation 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 » Long-Term Capital Lease Obligation

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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