Discontinued — last reported Q3 '19
Non-Current Liabilities
Operating Lease Liabilities
Southern Company Operating Lease Liabilities decreased by 4.9% to $1.32B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 5.2%, from $1.39B to $1.32B. Over 2 years (FY 2020 to FY 2022), Operating Lease Liabilities shows a downward trend with a -7.2% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ1 2019
Last reportedQ3 2019
How to read this metric
An increase reflects long-term expansion of the leased asset base, while a decrease indicates a reduction in long-term lease commitments.
Detailed definition
This represents the portion of operating lease obligations that are due beyond the next twelve months. It reflects the l...
Peer comparison
Standard long-term liability for companies with significant real estate or equipment footprints.
Metric ID:
operating_lease_liabilities_non_currentHistorical Data
8 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $1.60B | $1.50B | $1.50B | $1.52B | $1.46B | $1.39B | $1.39B | $1.32B |
| QoQ Change | — | -6.8% | +0.5% | +1.2% | -3.7% | -4.8% | -0.4% | -4.9% |
| YoY Change | — | — | — | — | -8.7% | -6.8% | -7.7% | -5.2% |
Range$1.32B – $1.60B
CAGR-10.5%
Avg YoY Growth-7.1%
Median YoY Growth-7.2%
Current Streak4 quarters decline
Operating Lease Liabilities at Other Companies
Frequently Asked Questions
- What is Southern Company's operating lease liabilities?
- Southern Company (SO) reported operating lease liabilities of $1.32B in Q3 2023.
- How has Southern Company's operating lease liabilities changed year-over-year?
- Southern Company's operating lease liabilities decreased by 5.2% year-over-year, from $1.39B to $1.32B.
- What is the long-term trend for Southern Company's operating lease liabilities?
- Over 2 years (2020 to 2022), Southern Company's operating lease liabilities has grown at a -7.2% compound annual growth rate (CAGR), from $1.61B to $1.39B.
- What does operating lease liabilities mean?
- The amount of lease payments due after one year.