What is Southern Company's debt-to-assets?

Southern Company (SO) reported debt-to-assets of 0.5× in Q1 2026.

What does debt-to-assets mean?

What fraction of everything the company owns is funded by debt.

How do you interpret debt-to-assets?

A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.

How does debt-to-assets compare across companies?

Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.

Southern Company SO Debt-to-assets

Debt-to-assets at other companies

American Electric PowerAEP

0.4×—

EntergyETR

0.4×0.0×

Dominion EnergyD

0×0.0×

Nextra EnergyNEE

0.4×0.0×

Duke EnergyDUK

0.4×0.0×

CNP

CenterPoint EnergyCNP

0.4×0.0×

Other financials

Income statement

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Revenue$8.4B+8.0%

Operating income$2.0B+0.4%

Net income$1.4B+1.7%

EPS (diluted)$1.20-0.8%

Balance sheet

See full

Cash & equivalents$987.0M-57.7%

Total debt$75.3B—

Total equity$39.9B+7.2%

Total assets$157.03B—

Cash flow

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Operating cash flow$1.2B-1.9%

CapEx$2.9B+20.8%

Free cash flow-$1.7B-44.7%

Valuation

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Market cap$104.94B+7.1%

Enterprise value$179.21B—

P/E18.8×—

P/S3.3×-0.4×

Profitability

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Operating margin18.7%-2.5pp

Net margin13.1%—

Returns & leverage

See full

Return on equity9%—

Debt / equity1.9×—

Current ratio0.7×—

Where this comes from

Calculated from Southern Company’s reported figures.

total debt/total assets=0.5×

Based on the most recent quarter.

The official record: Southern Company’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Southern Company's debt-to-assets?: Southern Company (SO) reported debt-to-assets of 0.5× in Q1 2026.
What does debt-to-assets mean?: What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?: A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?: Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.