Discontinued — last reported Q3 '25
Operating Lease Liabilities (Current)
Southern Company Operating Lease Liabilities (Current) decreased by 8.1% to $181.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 5.2%, from $191.00M to $181.00M. Over 2 years (FY 2020 to FY 2022), Operating Lease Liabilities (Current) shows a downward trend with a -9.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests an expanding physical footprint or upcoming renewals, while a decrease may indicate store closures or a shift toward asset ownership.
Detailed definition
The portion of operating lease payments due within the next twelve months, representing the short-term obligation for re...
Peer comparison
Retail-heavy tech companies often show higher current lease liabilities compared to pure software firms due to physical storefront presence.
operating_lease_liabilities_currentHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $245.00M | $246.00M | $250.00M | $245.00M | $232.00M | $191.00M | $197.00M | $181.00M |
| QoQ Change | — | +0.4% | +1.6% | -2.0% | -5.3% | -17.7% | +3.1% | -8.1% |
| YoY Change | — | — | — | — | -5.3% | -22.4% | -21.2% | -5.2% |
Operating Lease Liabilities (Current) at Other Companies
Frequently Asked Questions
- What is Southern Company's operating lease liabilities (current)?
- Southern Company (SO) reported operating lease liabilities (current) of $181.00M in Q3 2023.
- How has Southern Company's operating lease liabilities (current) changed year-over-year?
- Southern Company's operating lease liabilities (current) decreased by 5.2% year-over-year, from $191.00M to $181.00M.
- What is the long-term trend for Southern Company's operating lease liabilities (current)?
- Over 2 years (2020 to 2022), Southern Company's operating lease liabilities (current) has grown at a -9.6% compound annual growth rate (CAGR), from $241.00M to $197.00M.
- What does operating lease liabilities (current) mean?
- The amount of rent and lease payments the company must pay in the next year.