Southern Balance Sheet Health
Financial Health criteria checks 0/6
Southern has a total shareholder equity of $36.9B and total debt of $63.6B, which brings its debt-to-equity ratio to 172.4%. Its total assets and total liabilities are $144.0B and $107.1B respectively. Southern's EBIT is $7.9B making its interest coverage ratio 2.9. It has cash and short-term investments of $1.0B.
Key information
172.4%
Debt to equity ratio
US$63.62b
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$1.02b |
| Equity | US$36.91b |
| Total liabilities | US$107.05b |
| Total assets | US$143.96b |
Recent financial health updates
Is Southern (NYSE:SO) Using Too Much Debt?
Sep 02
Southern (NYSE:SO) Use Of Debt Could Be Considered Risky
Mar 11Southern (NYSE:SO) Seems To Be Using A Lot Of Debt
Oct 06We Think Southern (NYSE:SO) Is Taking Some Risk With Its Debt
Jun 26Here's Why Southern (NYSE:SO) Has A Meaningful Debt Burden
Mar 06Recent updates
Southern Company: One Of The Best Utilities At A Lofty Price
Nov 01Here's Why We Think Southern (NYSE:SO) Might Deserve Your Attention Today
Oct 28Southern Company Could Be Dead Money For The Foreseeable Future
Oct 08The Southern Company's (NYSE:SO) Shares May Have Run Too Fast Too Soon
Sep 30The Southern Company: Time To Lock In Gains
Sep 28Is Southern (NYSE:SO) Using Too Much Debt?
Sep 02Returns On Capital At Southern (NYSE:SO) Have Stalled
Aug 21The AI Factor: Southern Company's Pricey Power Play
Aug 19Do Southern's (NYSE:SO) Earnings Warrant Your Attention?
Jul 28Why Southern Company Will Beat Guidance
Jul 09The Southern Company Electric Utility Generates 3.7% Yield
Jul 02Subdued Growth No Barrier To The Southern Company's (NYSE:SO) Price
Jun 23The Southern Company: A Premium Valuation With Lukewarm Growth
May 24The Southern Company (NYSE:SO) Shares Could Be 31% Above Their Intrinsic Value Estimate
May 22The Southern Company Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
May 06Does Southern (NYSE:SO) Deserve A Spot On Your Watchlist?
Apr 18Returns Are Gaining Momentum At Southern (NYSE:SO)
Mar 24Southern Company: How One Of The Best Utilities Could Return Over 10% Per Year
Mar 13Southern (NYSE:SO) Use Of Debt Could Be Considered Risky
Mar 11Is There An Opportunity With The Southern Company's (NYSE:SO) 22% Undervaluation?
Feb 13The Southern Company: Onboarding New Nuclear Plants
Feb 09Southern Company: It's Almost Time To Buy This Proven 4%-Yielding Utility
Jan 25The Southern Company's (NYSE:SO) P/E Still Appears To Be Reasonable
Jan 15Southern Company: The Pros And Cons Of A Stock And Bond Investment
Dec 21Returns At Southern (NYSE:SO) Appear To Be Weighed Down
Dec 13The Southern Company: A Solid Company, But Still Overvalued
Nov 164%-Yielding Southern Company Is A Utility Gem
Nov 03The Southern Company's (NYSE:SO) Intrinsic Value Is Potentially 41% Above Its Share Price
Nov 02Southern Company: Hold This Stock For Stable Dividend Yield
Oct 11Southern (NYSE:SO) Seems To Be Using A Lot Of Debt
Oct 06Southern Company Looks Interesting Yielding Over 4%, Down 19% From Its Highs
Sep 29Returns On Capital At Southern (NYSE:SO) Have Stalled
Sep 08Southern Company: Long-Term Buy For One Of The Sector's Best Regulatory Profiles
Aug 04The Southern Company's (NYSE:SO) Intrinsic Value Is Potentially 53% Above Its Share Price
Jul 24We Think Southern (NYSE:SO) Is Taking Some Risk With Its Debt
Jun 26Even With End Of The Vogtle Saga, Southern Co. Is A Hold
Jun 26Returns Are Gaining Momentum At Southern (NYSE:SO)
May 30Southern Company: A Solid Company With Bright Future, But Overvalued
May 23Are Investors Undervaluing The Southern Company (NYSE:SO) By 39%?
Mar 20Here's Why Southern (NYSE:SO) Has A Meaningful Debt Burden
Mar 06Southern Company prices $1.5B in principal amount of convertible senior notes
Feb 24Southern (NYSE:SO) Shareholders Will Want The ROCE Trajectory To Continue
Feb 20The Southern Company Q4 2022 Earnings Preview
Feb 15Southern Company: Favorable Outlook For 2023
Feb 09Financial Position Analysis
Short Term Liabilities: SO's short term assets ($11.0B) do not cover its short term liabilities ($12.2B).
Long Term Liabilities: SO's short term assets ($11.0B) do not cover its long term liabilities ($94.9B).
Debt to Equity History and Analysis
Debt Level: SO's net debt to equity ratio (169.6%) is considered high.
Reducing Debt: SO's debt to equity ratio has increased from 142.5% to 172.4% over the past 5 years.
Debt Coverage: SO's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: SO's interest payments on its debt are not well covered by EBIT (2.9x coverage).