Southern Co (STU:SOT) LT-Debt-to-Total-Asset : 0.43 (As of Mar. 2024)

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What is Southern Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Southern Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.43.

Southern Co's long-term debt to total assets ratio increased from Mar. 2023 (0.40) to Mar. 2024 (0.43). It may suggest that Southern Co is progressively becoming more dependent on debt to grow their business.

Southern Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Southern Co's LT-Debt-to-Total-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 LT-Debt-to-Total-Asset Chart

Southern Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.37

0.38

0.41

0.39

0.42

Southern Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.41	0.41	0.42	0.43

Southern Co LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	53660.089	/	127766.527
	=	0.42

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	55800.76	/	128910.4
	=	0.43

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

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Southern Co LT-Debt-to-Total-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 » LT-Debt-to-Total-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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