Discontinued — last reported Q2 '20
Non-Current Assets
Operating Lease ROU Assets
Southern Company Operating Lease ROU Assets decreased by 4.2% to $1.47B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 6.0%, from $1.56B to $1.47B. Over 2 years (FY 2020 to FY 2022), Operating Lease ROU Assets shows a downward trend with a -7.8% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2019
Last reportedQ2 2020
How to read this metric
An increase suggests expansion of leased facilities or equipment, while a decrease may indicate lease expirations or a shift toward ownership.
Detailed definition
This represents the capitalized value of the right to use leased assets, such as office space or equipment, over the lea...
Peer comparison
Standard across all public companies under ASC 842 or IFRS 16 reporting.
Metric ID:
operating_lease_rou_assetsHistorical Data
8 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $1.78B | $1.72B | $0.04 | $1.69B | $1.62B | $1.56B | $1.53B | $1.47B |
| QoQ Change | — | -2.9% | -100.0% | >999% | -4.1% | -3.9% | -1.9% | -4.2% |
| YoY Change | — | — | — | — | -8.6% | -9.5% | >999% | -6.0% |
Range$0.04 – $1.78B
CAGR-10.3%
Avg YoY Growth>999%
Median YoY Growth-7.3%
Current Streak4 quarters decline
Operating Lease ROU Assets at Other Companies
Frequently Asked Questions
- What is Southern Company's operating lease rou assets?
- Southern Company (SO) reported operating lease rou assets of $1.47B in Q3 2023.
- How has Southern Company's operating lease rou assets changed year-over-year?
- Southern Company's operating lease rou assets decreased by 6.0% year-over-year, from $1.56B to $1.47B.
- What is the long-term trend for Southern Company's operating lease rou assets?
- Over 2 years (2020 to 2022), Southern Company's operating lease rou assets has grown at a -7.8% compound annual growth rate (CAGR), from $1.80B to $1.53B.
- What does operating lease rou assets mean?
- The balance sheet value of the company's right to use leased property and equipment.