Discontinued — last reported Q3 '18
Other
Line of Credit Maximum Borrowing Capacity
Southern Company Line of Credit Maximum Borrowing Capacity decreased by 0.7% to $7.61B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 0.7%, from $7.66B to $7.61B. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionOther
CategoryLiquidity
SignalHigher is better
VolatilityStable
First reportedQ3 2018
Last reportedQ3 2018
How to read this metric
Higher capacity provides greater financial flexibility and resilience against market volatility or operational disruptions.
Detailed definition
This represents the total authorized borrowing limit available to the company under its revolving credit facilities. It...
Peer comparison
Large integrated energy firms typically maintain substantial credit lines to ensure operational continuity.
Metric ID:
line_of_credit_max_capacityHistorical Data
7 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|
| Value | $7.63B | $7.66B | $7.66B | $7.66B | $7.66B | $7.66B | $7.61B |
| QoQ Change | — | +0.3% | +0.0% | +0.0% | +0.0% | +0.0% | -0.7% |
| YoY Change | — | — | — | — | +0.3% | +0.0% | -0.7% |
Range$7.61B – $7.66B
CAGR-0.2%
Avg YoY Growth-0.1%
Median YoY Growth+0.0%
Line of Credit Maximum Borrowing Capacity at Other Companies
Frequently Asked Questions
- What is Southern Company's line of credit maximum borrowing capacity?
- Southern Company (SO) reported line of credit maximum borrowing capacity of $7.61B in Q3 2023.
- How has Southern Company's line of credit maximum borrowing capacity changed year-over-year?
- Southern Company's line of credit maximum borrowing capacity decreased by 0.7% year-over-year, from $7.66B to $7.61B.
- What does line of credit maximum borrowing capacity mean?
- The maximum amount of money the company is allowed to borrow from its banks.