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The Southern Company  (SO)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

The Southern's Leverage Ratio

SO's quarterly Leverage Ratio and Total Liabilities, Equity growth


Due to net new borrowings of 20.28%, Leverage Ratio fell to 2.96, above the The Southern's average Leverage Ratio.

Within Electric Utilities industry in the second quarter 2023, 27 other companies have achieved lower Leverage Ratio than The Southern in the II Quarter 2023. While Leverage Ratio total ranking has deteriorated compared to the forth quarter 2022 from 724 to 1243 .

Explain Leverage Ratio?
Who are SO Customers?
What are SO´s Total Liabilities?


SO Leverage Ratio (Jun 30 2023)
II. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2021)
III. Quarter
(Jun 30 2021)
II. Quarter
(Mar 31 2021)
I. Quarter
Y / Y Equity Change 4.78 % 7.13 % 2.21 % 2.46 % 3.61 %
Y / Y Total Liabilities Change 10.99 % -10.29 % 4.39 % 6.14 % 6.2 %
Leverage Ratio MRQ 2.96 2.47 2.85 2.84 2.79
SO's Total Ranking # 1243 # 724 # # #
Seq. Equity Change 0.34 % 3.95 % 1.44 % -0.97 % 2.59 %
Seq. Total Liabilities Change 20.28 % -9.99 % 1.59 % 0.91 % -2.78 %



Leverage Ratio second quarter 2023 Company Ranking
Within: No.
Electric Utilities Industry # 28
Utilities Sector # 49
Overall Market # 1243


Leverage Ratio Statistics
High Average Low
3.4 2.67 2.24
(Dec 31 2017)   (March 31, 2012)




Financial Statements
The Southern's Equity $ 34,648 Millions Visit SO's Balance sheet
The Southern's Total Liabilities $ 102,468 Millions Visit SO's Balance sheet
Source of SO's Sales Visit SO's Sales by Geography


Cumulative The Southern's Leverage Ratio

SO's Leverage Ratio for the trailling 12 Months

SO Leverage Ratio

(Jun 30 2023)
II. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2021)
III. Quarter
(Jun 30 2021)
II. Quarter
(Mar 31 2021)
I. Quarter
Y / Y Equity TTM Growth 4.78 % 7.13 % 2.21 % 2.46 % 3.61 %
Y / Y Total Liabilities TTM Growth 10.99 % -10.29 % 4.39 % 6.14 % 6.2 %
Leverage Ratio TTM 2.78 2.74 2.86 2.84 2.82
Total Ranking TTM # 3677 # 164 # # #
Seq. Equity TTM Growth 0.34 % 3.95 % 1.44 % -0.97 % 2.59 %
Seq. Total Liabilities TTM Growth 20.28 % -9.99 % 1.59 % 0.91 % -2.78 %


On the trailing twelve months basis Due to the net new borrowings of 20.28% during the trailing twelve months finishing in the II Quarter 2023, cumulativeLeverage Ratio improved to 2.78, above the The Southern's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Electric Utilities industry 45, during the past 12 months, other companies have achieved lower Leverage Ratio than The Southern. While Leverage Ratio total ranking has deteriorated during the twelve months ending in the II Quarter 2023, compared to the prior period, from 164 to 3677.

Explain Leverage Ratio?
Who are SO Customers?
What are SO´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Electric Utilities Industry # 46
Utilities Sector # 82
Within the Market # 3677


trailing twelve months Leverage Ratio Statistics
High Average Low
3.3 2.67 2.29
(Mar 31 2018)   (March 31, 2012)




Companies with similar Leverage Ratio in the quarter ending Jun 30 2023, within Electric Utilities Industry Leverage RatioJun 30 2023 MRQ Total LiabilitiesJun 30 2023 MRQ Equity
Nrg Energy inc  7.70 $ 25,659.000  Millions$ 3,332.000  Millions
Vistra Corp   4.67 $ 25,113.000  Millions$ 5,374.000  Millions
Ipalco Enterprises Inc   4.33 $ 4,558.898  Millions$ 1,053.303  Millions
Dte Energy Co  4.19 $ 43,908.000  Millions$ 10,485.000  Millions
Sunnova Energy International Inc   4.09 $ 7,718.751  Millions$ 1,888.044  Millions
Itc Holdings Corp   3.64 $ 10,050.000  Millions$ 2,764.000  Millions
Edison International  3.50 $ 61,857.000  Millions$ 17,694.000  Millions
Exelon Corporation  3.38 $ 84,682.000  Millions$ 25,079.000  Millions
Firstenergy Corp  3.33 $ 36,555.000  Millions$ 10,971.000  Millions
American Electric Power Co Inc   3.23 $ 77,956.600  Millions$ 24,123.600  Millions
Pnm Resources Inc   3.13 $ 7,240.312  Millions$ 2,313.596  Millions
Constellation Energy Corporation  3.04 $ 35,303.000  Millions$ 11,612.000  Millions
Entergy Corporation  2.97 $ 39,688.328  Millions$ 13,367.545  Millions
The Southern Company  2.96 $ 102,468.000  Millions$ 34,648.000  Millions
Pg and e Corp  2.91 $ 69,881.000  Millions$ 24,015.000  Millions
Dominion Energy Inc   2.73 $ 77,636.000  Millions$ 28,428.000  Millions
Altus Power Inc   2.60 $ 1,252.936  Millions$ 482.451  Millions
Spruce Power Holding Corporation  2.49 $ 663.438  Millions$ 265.966  Millions
Duke Energy Corporation  2.32 $ 118,641.000  Millions$ 51,071.000  Millions
Portland General Electric Company  2.24 $ 7,170.000  Millions$ 3,200.000  Millions
Puget Energy Inc  2.20 $ 10,725.194  Millions$ 4,876.980  Millions
Nextera Energy Inc  2.14 $ 114,711.000  Millions$ 53,564.000  Millions
Nisource Inc   2.13 $ 16,152.900  Millions$ 7,571.400  Millions
Avista Corporation  2.07 $ 4,970.894  Millions$ 2,400.421  Millions
Centerpoint Energy Inc   1.98 $ 20,527.000  Millions$ 10,366.000  Millions
Xcel Energy Inc  1.95 $ 33,039.000  Millions$ 16,914.000  Millions
Pinnacle West Capital Corporation  1.92 $ 11,684.333  Millions$ 6,076.137  Millions
Clearway Energy Inc   1.89 $ 7,801.000  Millions$ 4,127.000  Millions
Oge Energy Corp   1.88 $ 8,225.500  Millions$ 4,379.100  Millions
Emera Incorporated  1.87 $ 17,334.580  Millions$ 9,259.408  Millions

Date modified: 2023-08-04T20:44:21+00:00



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