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South BowSOBO -0.86%15 Debt-to-Equity is 2.16 as of Mar. 2026, which is 1% below its 10-year median of 2.19. GuruFocus rates SOBO with a GF Score™ of 15/100. The stock has 13 warning signs investors should review. Among 798 Oil & Gas companies, South Bow ranks worse than 89.6% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for South Bow's Debt-to-Equity or its related term are showing as below:
SOBO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 2.1 Med: 2.19 Max: 3.7
Current: 2.16
During the past 3 years, the highest Debt-to-Equity Ratio of South Bow was 3.70. The lowest was 2.10. And the median was 2.19.
SOBO's Debt-to-Equity is ranked worse than 89.6% of 798
companies
in the Oil & Gas industry
Industry Median: 0.46
vs SOBO: 2.16
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
South Bow Debt-to-Equity Related Terms
South Bow Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for South Bow's Debt-to-Equity 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.
For the Oil & Gas Midstream subindustry, South Bow's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
South Bow Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, South Bow's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where South Bow's Debt-to-Equity falls into.
* 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.
South Bow (SOBO) has a Debt-to-Equity of 2.16 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on South Bow and its competitors. This is near median its historical median of 2.19. Over the past decade, South Bow's Debt-to-Equity has ranged from 2.10 to 3.70. According to the industry distribution chart, South Bow ranks #715 out of 798 companies in the Oil & Gas industry, placing it in the top 89.6%.
Is South Bow's Debt-to-Equity too high?
South Bow's current Debt-to-Equity of 2.16 is near median its 10-year median of 2.19. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 3.70. The Oil & Gas industry median Debt-to-Equity is 0.46. South Bow's value of 2.16 is 369.6% above this industry median. Based on the distribution chart, South Bow ranks #715 out of 798 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, South Bow has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does South Bow's Debt-to-Equity compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, South Bow ranks #715 out of 798 companies for Debt-to-Equity. This places South Bow in the lower half of its industry. The industry median Debt-to-Equity is 0.46. South Bow's value of 2.16 is 369.6% above this benchmark. Historically, South Bow's own Debt-to-Equity has ranged from 2.10 to 3.70 over the past decade. While the company's 10-year median is 2.19 vs. the industry median of 0.46, South Bow has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 798 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. South Bow's current Debt-to-Equity of 2.16 is 369.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on South Bow and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South Bow's current Debt-to-Equity is 2.16, which is near median its own 10-year median of 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Bow stock overvalued right now?
South Bow (SOBO) has a current Debt-to-Equity of 2.16. The current Debt-to-Equity is 2.16, which is near median its 10-year median of 2.19 and 369.6% above the Oil & Gas industry median of 0.46. South Bow's overall GF Score™ is 15/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For South Bow (SOBO), the current Debt-to-Equity is 2.16 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
South Bow Corp is a energy infrastructure company. The company is engaged in constructing pipelines system safely transports liquids like crude oil, across Canadian provinces, U.S. states, and Gulf coasts. It has three reportable segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. It derives maximum revenue from Keystone Pipeline System segment. The company's projects and pipelines include: Blackrod connection project; Grand Rapids Pipeline System; Marketlink Pipeline System; Keystone Pipeline System; Port Neches Link; and White Spruce Pipeline System.
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