Non-Current Liabilities
Deferred Credits
Southern Company Deferred Credits decreased by 0.5% to $33.80B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 3.6%, from $35.06B to $33.80B. Over 2 years (FY 2020 to FY 2022), Deferred Credits shows relatively stable performance with a 1.1% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLiquidity
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ4 2025
How to read this metric
An increase suggests higher future revenue recognition potential, while a decrease may indicate the fulfillment of obligations or a slowdown in advance payments.
Detailed definition
Deferred credits represent obligations where the company has received payment or value for goods or services that have n...
Peer comparison
Common across companies with long-term service contracts or subscription models, often compared as a percentage of total liabilities.
Metric ID:
deferred_creditsHistorical Data
8 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $33.38B | $34.25B | $33.93B | $34.65B | $34.82B | $35.06B | $33.98B | $33.80B |
| QoQ Change | — | +2.6% | -0.9% | +2.1% | +0.5% | +0.7% | -3.1% | -0.5% |
| YoY Change | — | — | — | — | +4.3% | +2.4% | +0.2% | -3.6% |
Range$33.38B – $35.06B
CAGR+0.7%
Avg YoY Growth+0.8%
Median YoY Growth+1.3%
Current Streak2 quarters decline
Deferred Credits at Other Companies
Frequently Asked Questions
- What is Southern Company's deferred credits?
- Southern Company (SO) reported deferred credits of $33.80B in Q3 2023.
- How has Southern Company's deferred credits changed year-over-year?
- Southern Company's deferred credits decreased by 3.6% year-over-year, from $35.06B to $33.80B.
- What is the long-term trend for Southern Company's deferred credits?
- Over 2 years (2020 to 2022), Southern Company's deferred credits has grown at a 1.1% compound annual growth rate (CAGR), from $33.26B to $33.98B.
- What does deferred credits mean?
- Income or revenue received in advance that will be recognized as earnings in future periods.