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

The Southern's Tangible Leverage Ratio

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


Due to net new borrowings of 20.28%, Tangible Leverage Ratio fell to 3.52, above the The Southern's average Tangible Leverage Ratio.

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

Explain Tangible Leverage Ratio?
What is SO Market Share?
What are SO´s Total Liabilities?


SO Tangible 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 Tangible Equity Change 6.55 % 9.44 % 2.86 % 3.17 % 4.59 %
Y / Y Total Liabilities Change 10.99 % -10.29 % 4.39 % 6.14 % 6.2 %
Tangible Leverage Ratio MRQ 3.52 2.94 3.44 3.45 3.38
SO's Total Ranking # 1243 # 724 # # #
Seq. Tangible Equity Change 0.47 % 5.39 % 1.79 % -1.14 % 3.19 %
Seq. Total Liabilities Change 20.28 % -9.99 % 1.59 % 0.91 % -2.78 %



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


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




Financial Statements
The Southern's Tangible Equity $ 29,101 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 Tangible Leverage Ratio

SO's Tangible Leverage Ratio for the trailling 12 Months

SO Tangible 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 Tangible Equity TTM Growth 6.55 % 9.44 % 2.86 % 3.17 % 4.59 %
Y / Y Total Liabilities TTM Growth 10.99 % -10.29 % 4.39 % 6.14 % 6.2 %
Tangible Leverage Ratio TTM 3.34 3.3 3.46 3.45 3.43
Total Ranking TTM # 3677 # 164 # # #
Seq. Tangible Equity TTM Growth 0.47 % 5.39 % 1.79 % -1.14 % 3.19 %
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, cumulativeTangible Leverage Ratio improved to 3.34, above the The Southern's average Tangible Leverage Ratio.
Tangible 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 Tangible Leverage Ratio than The Southern. While Tangible 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 Tangible Leverage Ratio?
What is SO Market Share?
What are SO´s Total Liabilities?

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


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




Companies with similar Tangible Leverage Ratio in the quarter ending Jun 30 2023, within Electric Utilities Industry Tangible Leverage RatioJun 30 2023 MRQ Total LiabilitiesJun 30 2023 MRQ Tangible Equity
Firstenergy Corp  6.83 $ 36,555.000  Millions$ 5,353.000  Millions
Itc Holdings Corp   5.54 $ 10,050.000  Millions$ 1,814.000  Millions
Dte Energy Co  5.27 $ 43,908.000  Millions$ 8,331.000  Millions
Ipalco Enterprises Inc   5.10 $ 4,558.898  Millions$ 894.473  Millions
Exelon Corporation  4.59 $ 84,682.000  Millions$ 18,449.000  Millions
Clearway Energy Inc   4.51 $ 7,801.000  Millions$ 1,730.000  Millions
Sunnova Energy International Inc   4.47 $ 7,718.751  Millions$ 1,726.602  Millions
Duke Energy Corporation  3.73 $ 118,641.000  Millions$ 31,768.000  Millions
Dominion Energy Inc   3.67 $ 77,636.000  Millions$ 21,133.000  Millions
Emera Incorporated  3.64 $ 17,334.580  Millions$ 4,762.222  Millions
Pnm Resources Inc   3.56 $ 7,240.312  Millions$ 2,035.299  Millions
The Southern Company  3.52 $ 102,468.000  Millions$ 29,101.000  Millions
Edison International  3.50 $ 61,857.000  Millions$ 17,694.000  Millions
Puget Energy Inc  3.33 $ 10,725.194  Millions$ 3,220.467  Millions
Centerpoint Energy Inc   3.31 $ 20,527.000  Millions$ 6,206.000  Millions
American Electric Power Co Inc   3.24 $ 77,956.600  Millions$ 24,071.100  Millions
Entergy Corporation  3.06 $ 39,688.328  Millions$ 12,990.373  Millions
Constellation Energy Corporation  3.04 $ 35,303.000  Millions$ 11,612.000  Millions
Spruce Power Holding Corporation  2.93 $ 663.438  Millions$ 226.656  Millions
Pg and e Corp  2.91 $ 69,881.000  Millions$ 24,015.000  Millions
Altus Power Inc   2.88 $ 1,252.936  Millions$ 435.022  Millions
Black Hills Corporation  2.72 $ 5,145.198  Millions$ 1,894.311  Millions
Nisource Inc   2.65 $ 16,152.900  Millions$ 6,085.500  Millions
Eversource Energy  2.58 $ 28,447.072  Millions$ 11,031.466  Millions
Nextera Energy Inc  2.37 $ 114,711.000  Millions$ 48,380.000  Millions
Portland General Electric Company  2.24 $ 7,170.000  Millions$ 3,200.000  Millions
Evergy Inc   2.20 $ 15,891.700  Millions$ 7,214.100  Millions
Berkshire Hathaway Energy Company  2.14 $ 88,568.000  Millions$ 41,414.000  Millions
Avista Corporation  2.12 $ 4,970.894  Millions$ 2,347.995  Millions
Pinnacle West Capital Corporation  2.01 $ 11,684.333  Millions$ 5,820.563  Millions

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



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