Southern annual debt-to-equity ratio
2008
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2015
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2021
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2024
2025
Southern Debt-to-Equity Ratio Growth & History (SO)
Southern's debt-to-equity ratio was 1.88 for fiscal 2025.
View full Southern company overviewSouthern annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.88 | 0.03 | +1.63% |
| 2024 | 2024-12-31 | 1.85 | −0.09 | −4.47% |
| 2023 | 2023-12-31 | 1.94 | 0.14 | +7.57% |
| 2022 | 2022-12-31 | 1.80 | −0.11 | −5.69% |
| 2021 | 2021-12-31 | 1.91 | 0.21 | +12.55% |
| 2020 | 2020-12-31 | 1.70 | 0.04 | +2.28% |
| 2019 | 2019-12-31 | 1.66 | −0.10 | −5.90% |
| 2018 | 2018-12-31 | 1.77 | −0.18 | −9.02% |
| 2017 | 2017-12-31 | 1.94 | 0.13 | +7.08% |
| 2016 | 2016-12-31 | 1.81 | 0.55 | +43.19% |
| 2015 | 2015-12-31 | 1.27 | 0.19 | +17.73% |
| 2014 | 2014-12-31 | 1.08 | −0.13 | −10.47% |
| 2013 | 2013-12-31 | 1.20 | 0.10 | +9.32% |
| 2012 | 2012-12-31 | 1.10 | 0.03 | +2.97% |
| 2011 | 2011-12-31 | 1.07 | −0.08 | −7.26% |
| 2010 | 2010-12-31 | 1.15 | −0.05 | −4.49% |
| 2009 | 2009-12-31 | 1.20 | −0.07 | −5.22% |
| 2008 | 2008-12-31 | 1.27 | — | — |
Southern quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.95 | 0.20 | +11.13% |
| Q1 2026 | 2026-03-31 | 1.76 | 0.02 | +0.95% |
| Q4 2025 | 2025-12-31 | 1.88 | 0.03 | +1.63% |
| Q3 2025 | 2025-09-30 | 1.73 | 0.01 | +0.63% |
| Q2 2025 | 2025-06-30 | 1.75 | 0.02 | +0.93% |
| Q1 2025 | 2025-03-31 | 1.74 | −0.03 | −1.80% |
| Q4 2024 | 2024-12-31 | 1.85 | −0.09 | −4.47% |
| Q3 2024 | 2024-09-30 | 1.72 | 0.04 | +2.46% |
| Q2 2024 | 2024-06-30 | 1.74 | 0.05 | +3.16% |
| Q1 2024 | 2024-03-31 | 1.78 | 0.15 | +9.30% |
| Q4 2023 | 2023-12-31 | 1.94 | 0.14 | +7.57% |
| Q3 2023 | 2023-09-30 | 1.68 | 0.17 | +11.44% |
| Q2 2023 | 2023-06-30 | 1.68 | 0.01 | +0.31% |
| Q1 2023 | 2023-03-31 | 1.63 | −0.05 | −3.08% |
| Q4 2022 | 2022-12-31 | 1.80 | −0.11 | −5.69% |
| Q3 2022 | 2022-09-30 | 1.51 | −0.04 | −2.50% |
| Q2 2022 | 2022-06-30 | 1.68 | 0.12 | +7.60% |
| Q1 2022 | 2022-03-31 | 1.68 | 0.17 | +11.57% |
| Q4 2021 | 2021-12-31 | 1.91 | 0.21 | +12.55% |
| Q3 2021 | 2021-09-30 | 1.54 | 0.08 | +5.52% |
| Q2 2021 | 2021-06-30 | 1.56 | 0.05 | +3.50% |
| Q1 2021 | 2021-03-31 | 1.50 | 0.01 | +0.41% |
| Q4 2020 | 2020-12-31 | 1.70 | 0.04 | +2.28% |
| Q3 2020 | 2020-09-30 | 1.46 | 0.06 | +4.61% |
| Q2 2020 | 2020-06-30 | 1.51 | 0.13 | +9.09% |
| Q1 2020 | 2020-03-31 | 1.50 | 0.07 | +5.25% |
| Q4 2019 | 2019-12-31 | 1.66 | −0.10 | −5.90% |
| Q3 2019 | 2019-09-30 | 1.40 | −0.37 | −20.89% |
| Q2 2019 | 2019-06-30 | 1.38 | −0.63 | −31.20% |
| Q1 2019 | 2019-03-31 | 1.42 | −0.55 | −27.95% |
| Q4 2018 | 2018-12-31 | 1.77 | −0.18 | −9.02% |
| Q3 2018 | 2018-09-30 | 1.77 | −0.17 | −8.66% |
| Q2 2018 | 2018-06-30 | 2.01 | −0.01 | −0.48% |
| Q1 2018 | 2018-03-31 | 1.97 | 0.16 | +8.64% |
| Q4 2017 | 2017-12-31 | 1.94 | 0.13 | +7.08% |
| Q3 2017 | 2017-09-30 | 1.94 | 0.18 | +9.95% |
| Q2 2017 | 2017-06-30 | 2.02 | 0.35 | +20.91% |
| Q1 2017 | 2017-03-31 | 1.82 | 0.51 | +38.51% |
| Q4 2016 | 2016-12-31 | 1.81 | 0.55 | +43.19% |
| Q3 2016 | 2016-09-30 | 1.76 | — | — |
| Q2 2016 | 2016-06-30 | 1.67 | — | — |
| Q1 2016 | 2016-03-31 | 1.31 | — | — |
| Q4 2015 | 2015-12-31 | 1.27 | 0.19 | +17.73% |
| Q4 2014 | 2014-12-31 | 1.08 | −0.13 | −10.47% |
| Q1 2014 | 2014-03-31 | 1.20 | 0.05 | +4.54% |
| Q4 2013 | 2013-12-31 | 1.20 | 0.10 | +9.32% |
| Q3 2013 | 2013-09-30 | 1.16 | 0.16 | +16.45% |
| Q2 2013 | 2013-06-30 | 1.19 | 0.14 | +12.87% |
| Q1 2013 | 2013-03-31 | 1.15 | 0.06 | +5.22% |
| Q4 2012 | 2012-12-31 | 1.10 | 0.03 | +2.97% |
| Q3 2012 | 2012-09-30 | 1.00 | −0.03 | −3.09% |
| Q2 2012 | 2012-06-30 | 1.06 | −0.04 | −3.64% |
| Q1 2012 | 2012-03-31 | 1.09 | −0.04 | −3.31% |
| Q4 2011 | 2011-12-31 | 1.07 | −0.08 | −7.26% |
| Q3 2011 | 2011-09-30 | 1.03 | −0.06 | −5.90% |
| Q2 2011 | 2011-06-30 | 1.10 | −0.07 | −6.29% |
| Q1 2011 | 2011-03-31 | 1.13 | −0.06 | −4.90% |
| Q4 2010 | 2010-12-31 | 1.15 | −0.05 | −4.49% |
| Q3 2010 | 2010-09-30 | 1.09 | −0.17 | −13.62% |
| Q2 2010 | 2010-06-30 | 1.17 | −0.14 | −10.76% |
| Q1 2010 | 2010-03-31 | 1.19 | — | — |
| Q4 2009 | 2009-12-31 | 1.20 | −0.07 | −5.22% |
| Q3 2009 | 2009-09-30 | 1.27 | — | — |
| Q2 2009 | 2009-06-30 | 1.31 | — | — |
| Q4 2008 | 2008-12-31 | 1.27 | — | — |
Southern debt-to-equity ratio trends
Over the last five fiscal years, Southern's debt-to-equity ratio increased from 1.70 to 1.88, a change of 0.18. The latest reported quarter, Q2 2026, shows 1.95.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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