Southern Co. (SO): Debt to Equity

Corporate company logo of Southern Co. (SO)

The Southern Company (SO) generates revenue based on regulated energy supply across the southern states. This financial leverage chart visualizes the company's debt dynamics, where 2.08 indicates the current level. The business serves as the region's monopoly infrastructure core, integrating generation and grids. A flawless reputation as a reliable provider and the successful launch of a nuclear power plant provide investors with a sense of absolute stability.

SO: Southern Co Debt to Capital Ratio 07/04/2022 - 10/31/2026
Brand item of The Southern Company

Assessing financial leverage is critical to identifying the fundamental drivers of stability for The Southern Company (SO). This capital structure metric (total debt to equity) measures the proportion of borrowed resources relative to shareholders' equity. An increase in this ratio on the chart signals heightened liquidity risks as borrowing costs rise. For the energy sector, such indebtedness is dangerous amid equipment delivery delays for grid modernization. This could slow asset updates, creating a gap between the debt load and the pace of infrastructure development.

Main competitors

NEE (NextEra Energy) - Total Debt to Capital|Debt to Capital Duke DUK|Debt to Equity Vistra Energy (VST)|NGG (National Grid Transco) - All Debt to Shareholders' Equity Ratio|Total Debt to Capital AEP (American Electric Power Company)|Debt to Capital Ratio dominionenergy.com|EXC: Total Debt to Equity Ratio|Debt to Capital Xcel Energy Inc|PEG (PSEG) - Total Debt to Equity Ratio|Entergy Inc. - All Debt to Shareholders' Equity Ratio|Debt to Equity WEC Energy Group|conedison.com (ED) - Total Debt to Capital Coefficient|Total Debt to Equity Ratio PCG (PG&E)|Total Debt to Capital nrg.com (NRG)|Debt to Equity DTE Energy DTE|AEE (Ameren UE) - Aggregate Debt to Equity|PPL - Debt to Equity|Aggregate Debt to Equity ATO|FirstEnergy (FE) - Debt to Equity|CNP (CenterPoint Energy Inc) - Debt to Equity|Total Debt to Equity Ratio FTS|Debt to Capital Northeast Utilities ES|Total Debt to Equity Ratio EIX (Edison International)|Aggregate Debt to Capital CMS|Total Debt to Capital TLN (Talen Energy)|All Debt to Shareholders' Equity Ratio NI|Eletrobras S.A. - Total Debt to Capital|Debt to Capital Korea Electric Power Corp|EVRG (Evergy, Inc.) - Total Debt to Equity Ratio|alliantenergy.com - All Debt to Shareholders' Equity Ratio|Debt to Equity Emera|Pinnacle West Capital Corporation (PNW) - Total Debt to Capital Coefficient|Debt to Equity The AES Corporation (AES)|OGE - Debt to Capital|UGI Corp - Total Debt to Equity Ratio|Total Debt to Capital idacorpinc.com IDA|TXNM: Total Debt to Equity Ratio|Enel Chile SA - Aggregate Debt to Capital|NJR: Total Debt to Capital|Portland General Electric Co. - All Debt to Shareholders' Equity Ratio|OGS (ONE Gas, Inc.) - Total Debt to Capital|Debt to Capital spireenergy.com SR|Debt to Equity algonquinpower.com (AQN)|BKH (Black Hills Energy) - All Debt to Shareholders' Equity Ratio|Debt to Equity Companhia Paranaense de Energia ELP|CIG: Debt to Equity Ratio|TAC: Total Debt to Equity Ratio|All Debt to Shareholders' Equity Ratio ALE (allete.com)|NWE: Total Debt to Capital|Total Debt to Equity Ratio MGE Energy Inc|Debt to Equity Chesapeake Utilities Corp.|Debt to Capital Avista Corp. AVA|Debt to Equity Northwest Natural Gas (NWN)|Total Debt to Equity Ratio centralpuerto.com CEPU|Debt to Equity Suburban Propane SPH|NGL (NGL Energy Partners L.P.) - Aggregate Debt to Equity|Unitil Corp. - Total Debt to Capital|GNE - Total Debt to Capital|Star Group, L.P. (SGU) - Debt to Equity|Debt to Equity Ratio EDN|Total Debt to Equity Ratio RGCO|Debt to Capital EZFill Holdings NXXT|Debt to Equity Avangrid (AGR)|Total Debt to Capital Coefficient pnmresources.com|Debt to Equity Tennessee Valley Authority TVE