Southern Company Customer Deposits, Current1 increased by 1.8% to $511.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 1.0%, from $516.00M to $511.00M. Over 2 years (FY 2020 to FY 2022), Customer Deposits, Current1 shows relatively stable performance with a 1.5% CAGR.
An increase may reflect a growing customer base or stricter deposit requirements, while a decrease suggests customer churn or refunds.
Funds held by the company that were provided by customers as security deposits for service. These are typically refundab...
Common in utility and telecommunications industries where service deposits are standard practice.
current_liabilities_customer_deposits_current1| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $467.00M | $493.00M | $479.00M | $454.00M | $461.00M | $516.00M | $502.00M | $511.00M |
| QoQ Change | — | +5.6% | -2.8% | -5.2% | +1.5% | +11.9% | -2.7% | +1.8% |
| YoY Change | — | — | — | — | -1.3% | +4.7% | +4.8% | -1.0% |