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South Bow (TSX:SOBO) Debt-to-Equity : 2.19 (As of Dec. 2024)


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What is South Bow Debt-to-Equity?

South Bow's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0 Mil. South Bow's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$8,144 Mil. South Bow's Total Stockholders Equity for the quarter that ended in Dec. 2024 was C$3,718 Mil. South Bow's debt to equity for the quarter that ended in Dec. 2024 was 2.19.

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:

TSX:SOBO' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.1   Med: 2.15   Max: 2.19
Current: 2.19

During the past 2 years, the highest Debt-to-Equity Ratio of South Bow was 2.19. The lowest was 2.10. And the median was 2.15.

TSX:SOBO's Debt-to-Equity is ranked worse than
90.07% of 826 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TSX:SOBO: 2.19

South Bow Debt-to-Equity Historical Data

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.

* Premium members only.

South Bow Debt-to-Equity Chart

South Bow Annual Data
Trend Dec23 Dec24
Debt-to-Equity
2.10 2.19

South Bow Quarterly Data
Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Debt-to-Equity Get a 7-Day Free Trial 2.10 N/A N/A 3.70 2.19

Competitive Comparison of South Bow's Debt-to-Equity

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's Debt-to-Equity Distribution in the 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.


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South Bow Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

South Bow's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 8143.585) / 3718.467
=2.19

South Bow's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 8143.585) / 3718.467
=2.19

* 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  (TSX:SOBO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

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

Thank you for viewing the detailed overview of South Bow's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

South Bow Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » South Bow Corp (TSX:SOBO) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
SOBO:USA
Address
707, 5 Street SW, Suite 900, Calgary, AB, CAN, T2P 1V8
Website
https://www.southbow.com
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.
Executives
Jennifer M. Geggie Senior Officer
P. Van R. Dafoe Senior Officer
Mark Yeomans Senior Officer
Gary M. Salsman Senior Officer
Richard Prior Senior Officer
Harold N. Kvisle Director
Lori Michelle Muratta Senior Officer
Blaine M. Trout Senior Officer
Renate Poole Senior Officer
Bevin Mark Wirzba Senior Officer
Shannon Georgina Ryhorchuk Senior Officer
Melville George Lewis Director
Marc Palazzo Senior Officer