Cash & Equivalents
Southern Company Cash & Equivalents decreased by 7.2% to $1.89B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 6.1%, from $2.01B to $1.89B. Over 2 years (FY 2020 to FY 2022), Cash & Equivalents shows an upward trend with a 38.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals improved liquidity and financial flexibility, while a decrease may indicate heavy capital expenditure, debt repayment, or aggressive share buybacks.
Detailed definition
Represents the most liquid assets on the balance sheet, including physical currency and short-term investments with matu...
Peer comparison
Large-cap technology peers often maintain high cash balances to fund rapid innovation and offset the cyclical nature of consumer electronics.
cash_and_equivalentsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $1.62B | $2.10B | $1.83B | $1.67B | $1.74B | $2.01B | $2.04B | $1.89B |
| QoQ Change | — | +29.9% | -12.9% | -8.5% | +3.7% | +16.0% | +1.2% | -7.2% |
| YoY Change | — | — | — | — | +7.3% | -4.2% | +11.4% | -6.1% |
Cash & Equivalents at Other Companies
Frequently Asked Questions
- What is Southern Company's cash & equivalents?
- Southern Company (SO) reported cash & equivalents of $1.89B in Q3 2023.
- How has Southern Company's cash & equivalents changed year-over-year?
- Southern Company's cash & equivalents decreased by 6.1% year-over-year, from $2.01B to $1.89B.
- What is the long-term trend for Southern Company's cash & equivalents?
- Over 2 years (2020 to 2022), Southern Company's cash & equivalents has grown at a 38.3% compound annual growth rate (CAGR), from $1.07B to $2.04B.
- What does cash & equivalents mean?
- Money in the bank and very short-term investments that can be turned into cash almost instantly.