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South BowSOBO -1.80%15 Equity-to-Asset is 0.23 as of Jun. 2026, which is at its 10-year median of 0.23. GuruFocus rates SOBO with a GF Score™ of 15/100. The stock has 9 warning signs investors should review. Among 1,032 Oil & Gas companies, South Bow ranks worse than 79.84% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. South Bow's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $2,665 Mil. South Bow's Total Assets for the quarter that ended in Jun. 2026 was $11,382 Mil.
Therefore, South Bow's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.23.
The historical rank and industry rank for South Bow's Equity-to-Asset or its related term are showing as below:
SOBO'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.23 Max: 0.24
Current: 0.23
During the past 3 years, the highest Equity to Asset Ratio of South Bow was 0.24. The lowest was 0.17. And the median was 0.23.
SOBO's Equity-to-Asset is ranked worse than 79.84% of 1032
companies
in the Oil & Gas industry
Industry Median: 0.49
vs SOBO: 0.23
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
South Bow Equity-to-Asset Related Terms
South Bow Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for South Bow's Equity-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.
For the Oil & Gas Midstream subindustry, South Bow's Equity-to-Asset, along with its competitors' market caps and Equity-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.
South Bow Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, South Bow's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where South Bow's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
South Bow's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Equity-to-Asset of 0.23 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on South Bow and its competitors. This is near median its historical median of 0.23. Over the past decade, South Bow's Equity-to-Asset has ranged from 0.17 to 0.24. According to the industry distribution chart, South Bow ranks #824 out of 1032 companies in the Oil & Gas industry, placing it in the top 79.8%.
Is South Bow's Equity-to-Asset too high?
South Bow's current Equity-to-Asset of 0.23 is near median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.24. The Oil & Gas industry median Equity-to-Asset is 0.49. South Bow's value of 0.23 is 53.1% below this industry median. Based on the distribution chart, South Bow ranks #824 out of 1032 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 Equity-to-Asset compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, South Bow ranks #824 out of 1032 companies for Equity-to-Asset. This places South Bow in the lower half of its industry. The industry median Equity-to-Asset is 0.49. South Bow's value of 0.23 is 53.1% below this benchmark. Historically, South Bow's own Equity-to-Asset has ranged from 0.17 to 0.24 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.49, South Bow has consistently been below 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,032 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. South Bow's current Equity-to-Asset of 0.23 is 53.1% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on South Bow and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South Bow's current Equity-to-Asset is 0.23, which is near median its own 10-year median of 0.23. 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 Equity-to-Asset of 0.23. The current Equity-to-Asset is 0.23, which is near median its 10-year median of 0.23 and 53.1% below the Oil & Gas industry median of 0.49. South Bow's overall GF Score™ is 15/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For South Bow (SOBO), the current Equity-to-Asset is 0.23 as of Jun. 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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