48/100B94.190
USD
1.61
(1.74%)
Market Open
Last updated: · Delayed 15 min
Fair value97.44Plus-3%80Price 94.19115
Q4 FY2026 · Earnings report
EPS estimate 0.41Revenue estimate 6.96B
Q4 FY2026 · Earnings report
EPS estimate 0.41Revenue estimate 6.96B
Southern Company (The) total debt 1994–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Southern Company (The)'s total debt was 75.50B USD on 30 September 2026, up 2.4% on a year before. At the end of fiscal year 2025 it was 74.08B USD.
Last updated 13 Nov 2026 · Next report 18 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 75.50B | +2.37% | 1.74B | -73.76B | 1.80 |
| FY2025 | 31 Dec 2025 | 74.08B | +11.77% | 1.64B | -72.44B | 2.06 |
| FY2024 | 31 Dec 2024 | 66.28B | +4.39% | 1.07B | -65.21B | 2.00 |
| FY2023 | 31 Dec 2023 | 63.49B | +7.36% | 748.00M | -62.74B | 2.02 |
| FY2022 | 31 Dec 2022 | 59.14B | +6.61% | 1.92B | -57.22B | 1.94 |
| FY2021 | 31 Dec 2021 | 55.47B | +8.68% | 1.80B | -53.67B | 1.97 |
| FY2020 | 31 Dec 2020 | 51.04B | +4.84% | 1.07B | -49.98B | 1.81 |
| FY2019 | 31 Dec 2019 | 48.69B | +3.92% | 1.98B | -46.71B | 1.75 |
| FY2018 | 31 Dec 2018 | 46.85B | -7.76% | 1.40B | -45.45B | 1.87 |
| FY2017 | 31 Dec 2017 | 50.79B | +7.03% | 2.13B | -48.66B | 2.07 |
| FY2016 | 31 Dec 2016 | 47.46B | +65.14% | 1.98B | -45.48B | 1.86 |
| FY2015 | 31 Dec 2015 | 28.74B | +15.99% | 1.40B | -27.33B | 1.35 |
| FY2014 | 31 Dec 2014 | 24.78B | +6.36% | 710.00M | -24.07B | 1.18 |
| FY2013 | 31 Dec 2013 | 23.30B | +3.84% | 659.00M | -22.64B | 1.16 |
| FY2012 | 31 Dec 2012 | 22.43B | +5.71% | 628.00M | -21.81B | 1.16 |
| FY2011 | 31 Dec 2011 | 21.22B | +2.27% | 1.32B | -19.91B | 1.14 |
| FY2010 | 31 Dec 2010 | 20.75B | +4.37% | 447.00M | -20.31B | 1.23 |
| FY2009 | 31 Dec 2009 | 19.88B | +8.14% | 690.00M | -19.19B | 1.28 |
| FY2008 | 31 Dec 2008 | 18.39B | +10.81% | 417.00M | -17.97B | 1.31 |
| FY2007 | 31 Dec 2007 | 16.59B | +4.61% | 201.00M | -16.39B | 1.23 |
| FY2006 | 31 Dec 2006 | 15.86B | +5.71% | 167.00M | -15.70B | 1.31 |
| FY2005 | 31 Dec 2005 | 15.01B | +8.28% | 202.00M | -14.80B | 1.33 |
| FY2004 | 31 Dec 2004 | 13.86B | +20.79% | 368.00M | -13.49B | 1.28 |
| FY2003 | 31 Dec 2003 | 11.47B | +0.95% | 311.00M | -11.16B | 1.14 |
| FY2002 | 31 Dec 2002 | 11.37B | +6.93% | 273.00M | -11.09B | 1.26 |
| FY2001 | 31 Dec 2001 | 10.63B | +10.82% | 354.00M | -10.27B | 1.27 |
| FY2000 | 31 Dec 2000 | 9.59B | +0.58% | 205.00M | -9.39B | 0.87 |
| FY1999 | 31 Dec 1999 | 9.54B | -31.04% | 176.00M | -9.36B | 1.00 |
| FY1998 | 31 Dec 1998 | 13.83B | +5.37% | 959.00M | -12.87B | 1.36 |
| FY1997 | 31 Dec 1997 | 13.12B | +36.52% | 704.00M | -12.42B | 1.29 |
| FY1996 | 31 Dec 1996 | 9.61B | -8.05% | 445.00M | -9.17B | 0.94 |
| FY1995 | 31 Dec 1995 | 10.45B | +18.80% | 772.00M | -9.68B | 1.03 |
| FY1994 | 31 Dec 1994 | 8.80B | — | 139.00M | -8.66B | 0.92 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 75.50B | +2.37% | 1.74B | -73.76B | 1.80 |
| Q2 FY2026 | 30 Jun 2026 | 77.09B | +8.84% | 2.98B | -74.10B | 1.95 |
| Q1 FY2026 | 31 Mar 2026 | 76.01B | +8.39% | 981.00M | -75.02B | 2.05 |
| Q4 FY2025 | 31 Dec 2025 | 74.08B | +11.77% | 1.64B | -72.44B | 2.06 |
| Q3 FY2025 | 30 Sept 2025 | 73.75B | +13.31% | 3.34B | -70.41B | 2.11 |
| Q2 FY2025 | 30 Jun 2025 | 70.82B | +8.10% | 1.26B | -69.56B | 2.08 |
| Q1 FY2025 | 31 Mar 2025 | 70.12B | +7.47% | 2.33B | -67.79B | 2.07 |
| Q4 FY2024 | 31 Dec 2024 | 66.28B | +4.39% | 1.07B | -65.21B | 2.00 |
| Q3 FY2024 | 30 Sept 2024 | 65.08B | +4.46% | 1.02B | -64.06B | 1.95 |
| Q2 FY2024 | 30 Jun 2024 | 65.52B | +5.01% | 1.15B | -64.37B | 2.02 |
| Q1 FY2024 | 31 Mar 2024 | 65.25B | +7.76% | 713.00M | -64.53B | 2.04 |
| Q4 FY2023 | 31 Dec 2023 | 63.49B | +7.36% | 748.00M | -62.74B | 2.02 |
| Q3 FY2023 | 30 Sept 2023 | 62.31B | +9.98% | 1.68B | -60.63B | 1.99 |
| Q2 FY2023 | 30 Jun 2023 | 62.40B | +10.51% | 2.12B | -60.27B | 2.03 |
| Q1 FY2023 | 31 Mar 2023 | 60.55B | +8.28% | 1.05B | -59.50B | 1.98 |
| Q4 FY2022 | 31 Dec 2022 | 59.14B | +6.61% | 1.92B | -57.22B | 1.94 |
| Q3 FY2022 | 30 Sept 2022 | 56.65B | +3.80% | 2.01B | -54.64B | 1.80 |
| Q2 FY2022 | 30 Jun 2022 | 56.46B | +4.74% | 1.72B | -54.74B | 1.95 |
| Q1 FY2022 | 31 Mar 2022 | 55.92B | +5.02% | 1.66B | -54.26B | 1.96 |
| Q4 FY2021 | 31 Dec 2021 | 55.47B | +8.68% | 1.80B | -53.67B | 1.97 |
| Q3 FY2021 | 30 Sept 2021 | 54.58B | +5.09% | 2.08B | -52.50B | 1.88 |
| Q2 FY2021 | 30 Jun 2021 | 53.91B | +8.33% | 1.58B | -52.33B | 1.89 |
| Q1 FY2021 | 31 Mar 2021 | 53.25B | +7.37% | 1.77B | -51.48B | 1.85 |
| Q4 FY2020 | 31 Dec 2020 | 51.04B | +4.84% | 1.07B | -49.98B | 1.81 |
| Q3 FY2020 | 30 Sept 2020 | 51.94B | +8.69% | 3.38B | -48.56B | 1.82 |
| Q2 FY2020 | 30 Jun 2020 | 49.77B | +7.81% | 1.88B | -47.89B | 1.78 |
| Q1 FY2020 | 31 Mar 2020 | 49.59B | +7.89% | 2.16B | -47.43B | 1.77 |
| Q4 FY2019 | 31 Dec 2019 | 48.69B | +3.92% | 1.98B | -46.71B | 1.75 |
| Q3 FY2019 | 30 Sept 2019 | 47.78B | +1.66% | 2.93B | -44.85B | 1.72 |
| Q2 FY2019 | 30 Jun 2019 | 46.16B | -7.13% | 1.38B | -44.78B | 1.70 |
| Q1 FY2019 | 31 Mar 2019 | 45.97B | -11.52% | 1.36B | -44.61B | 1.72 |
| Q4 FY2018 | 31 Dec 2018 | 46.85B | -7.76% | 1.40B | -45.45B | 1.87 |
| Q3 FY2018 | 30 Sept 2018 | 47.00B | -6.23% | 1.85B | -45.16B | 1.87 |
| Q2 FY2018 | 30 Jun 2018 | 49.70B | -0.97% | 1.98B | -47.72B | 2.07 |
| Q1 FY2018 | 31 Mar 2018 | 51.95B | +6.30% | 2.28B | -49.67B | 2.08 |
| Q4 FY2017 | 31 Dec 2017 | 50.79B | +7.03% | 2.13B | -48.66B | 2.07 |
| Q3 FY2017 | 30 Sept 2017 | 50.13B | +10.23% | 1.84B | -48.29B | 2.01 |
| Q2 FY2017 | 30 Jun 2017 | 50.19B | +27.18% | 1.43B | -48.76B | 2.10 |
| Q1 FY2017 | 31 Mar 2017 | 48.87B | +64.68% | 1.09B | -47.78B | 1.89 |
| Q4 FY2016 | 31 Dec 2016 | 47.46B | +65.14% | 1.98B | -45.48B | 1.86 |
| Q3 FY2016 | 30 Sept 2016 | 45.47B | +67.62% | 2.67B | -42.81B | 1.80 |
| Q2 FY2016 | 30 Jun 2016 | 39.46B | +44.17% | 1.90B | -37.57B | 1.74 |
| Q1 FY2016 | 31 Mar 2016 | 29.68B | +13.80% | 754.00M | -28.92B | 1.38 |
| Q4 FY2015 | 31 Dec 2015 | 28.74B | +15.99% | 1.40B | -27.33B | 1.35 |
| Q3 FY2015 | 30 Sept 2015 | 27.13B | +10.92% | 1.11B | -26.02B | 1.27 |
| Q2 FY2015 | 30 Jun 2015 | 27.37B | +11.63% | 813.00M | -26.56B | 1.31 |
| Q1 FY2015 | 31 Mar 2015 | 26.08B | +10.25% | 1.11B | -24.97B | 1.23 |
| Q4 FY2014 | 31 Dec 2014 | 24.78B | +6.36% | 710.00M | -24.07B | 1.18 |
| Q3 FY2014 | 30 Sept 2014 | 24.46B | +5.83% | 1.41B | -23.04B | 1.17 |
| Q2 FY2014 | 30 Jun 2014 | 24.52B | +3.85% | 583.00M | -23.94B | 1.19 |
| Q1 FY2014 | 31 Mar 2014 | 23.65B | +1.58% | 590.00M | -23.06B | 1.17 |
| Q4 FY2013 | 31 Dec 2013 | 23.30B | +3.84% | 659.00M | -22.64B | 1.16 |
| Q3 FY2013 | 30 Sept 2013 | 23.11B | +6.38% | 682.00M | -22.43B | 1.16 |
| Q2 FY2013 | 30 Jun 2013 | 23.62B | +7.40% | 424.00M | -23.19B | 1.23 |
| Q1 FY2013 | 31 Mar 2013 | 23.29B | +6.03% | 515.00M | -22.77B | 1.22 |
| Q4 FY2012 | 31 Dec 2012 | 22.43B | +5.71% | 628.00M | -21.81B | 1.16 |
| Q3 FY2012 | 30 Sept 2012 | 21.72B | +4.63% | 1.26B | -20.47B | 1.12 |
| Q2 FY2012 | 30 Jun 2012 | 21.99B | +5.88% | 659.00M | -21.33B | 1.17 |
| Q1 FY2012 | 31 Mar 2012 | 21.96B | +5.53% | 1.04B | -20.92B | 1.19 |
| Q4 FY2011 | 31 Dec 2011 | 21.22B | +2.27% | 1.32B | -19.91B | 1.14 |
| Q3 FY2011 | 30 Sept 2011 | 20.76B | +11.94% | 1.52B | -19.25B | 1.13 |
| Q2 FY2011 | 30 Jun 2011 | 20.77B | +9.19% | 437.00M | -20.33B | 1.17 |
| Q1 FY2011 | 31 Mar 2011 | 20.81B | +3.48% | 410.00M | -20.40B | 1.21 |
| Q4 FY2010 | 31 Dec 2010 | 20.75B | +4.37% | 447.00M | -20.31B | 1.23 |
| Q3 FY2010 | 30 Sept 2010 | 18.55B | -4.83% | 1.26B | -17.29B | 1.07 |
| Q2 FY2010 | 30 Jun 2010 | 19.02B | -5.44% | 266.00M | -18.75B | 1.14 |
| Q1 FY2010 | 31 Mar 2010 | 20.11B | +2.78% | 339.05M | -19.77B | 1.26 |
| Q4 FY2009 | 31 Dec 2009 | 19.88B | +8.14% | 690.00M | -19.19B | 1.28 |
| Q3 FY2009 | 30 Sept 2009 | 19.49B | +7.12% | 606.86M | -18.88B | 1.29 |
| Q2 FY2009 | 30 Jun 2009 | 20.11B | +13.93% | 781.84M | -19.33B | 1.39 |
| Q1 FY2009 | 31 Mar 2009 | 19.57B | +13.09% | 672.18M | -18.89B | 1.40 |
| Q4 FY2008 | 31 Dec 2008 | 18.39B | +10.81% | 417.00M | -17.97B | 1.31 |
| Q3 FY2008 | 30 Sept 2008 | 18.19B | +12.98% | 806.02M | -17.39B | 1.26 |
| Q2 FY2008 | 30 Jun 2008 | 17.65B | +10.28% | 193.97M | -17.46B | 1.27 |
| Q1 FY2008 | 31 Mar 2008 | 17.30B | +4.82% | 248.85M | -17.05B | 1.38 |
| Q4 FY2007 | 31 Dec 2007 | 16.59B | +4.61% | 201.00M | -16.39B | 1.23 |
| Q3 FY2007 | 30 Sept 2007 | 16.10B | +12.38% | 534.51M | -15.57B | 1.30 |
| Q2 FY2007 | 30 Jun 2007 | 16.01B | +6.41% | 168.84M | -15.84B | 1.36 |
| Q1 FY2007 | 31 Mar 2007 | 16.51B | +2.86% | 161.49M | -16.35B | 1.44 |
| Q4 FY2006 | 31 Dec 2006 | 15.86B | +5.71% | 167.00M | -15.70B | 1.31 |
| Q3 FY2006 | 30 Sept 2006 | 14.33B | -2.05% | 418.10M | -13.91B | 1.27 |
| Q2 FY2006 | 30 Jun 2006 | 15.04B | +1.67% | 262.90M | -14.78B | 1.39 |
| Q1 FY2006 | 31 Mar 2006 | 16.05B | +11.00% | 300.79M | -15.75B | 1.50 |
| Q4 FY2005 | 31 Dec 2005 | 15.01B | +8.28% | 202.00M | -14.80B | 1.33 |
| Q3 FY2005 | 30 Sept 2005 | 14.63B | +8.19% | 416.34M | -14.21B | 1.35 |
| Q2 FY2005 | 30 Jun 2005 | 14.79B | +6.45% | 236.76M | -14.56B | 1.40 |
| Q1 FY2005 | 31 Mar 2005 | 14.46B | +4.64% | 381.79M | -14.08B | 1.39 |
| Q4 FY2004 | 31 Dec 2004 | 13.86B | +20.79% | 368.00M | -13.49B | 1.28 |
| Q3 FY2004 | 30 Sept 2004 | 13.52B | +18.41% | 284.03M | -13.24B | 1.31 |
| Q2 FY2004 | 30 Jun 2004 | 13.90B | +19.11% | 191.17M | -13.71B | 1.40 |
| Q1 FY2004 | 31 Mar 2004 | 13.82B | +18.24% | 325.49M | -13.49B | 1.41 |
| Q4 FY2003 | 31 Dec 2003 | 11.47B | +0.95% | 311.00M | -11.16B | 1.14 |
| Q3 FY2003 | 30 Sept 2003 | 11.42B | +3.11% | 582.95M | -10.83B | 1.18 |
| Q2 FY2003 | 30 Jun 2003 | 11.67B | +3.05% | 210.64M | -11.46B | 1.27 |
| Q1 FY2003 | 31 Mar 2003 | 11.69B | +6.07% | 309.40M | -11.38B | 1.32 |
| Q4 FY2002 | 31 Dec 2002 | 11.37B | +6.93% | 273.00M | -11.09B | 1.26 |
| Q3 FY2002 | 30 Sept 2002 | 11.07B | +7.00% | 293.03M | -10.78B | 1.27 |
| Q2 FY2002 | 30 Jun 2002 | 11.32B | +6.87% | 674.71M | -10.65B | 1.37 |
| Q1 FY2002 | 31 Mar 2002 | 11.02B | +9.73% | 296.09M | -10.72B | 1.36 |
| Q4 FY2001 | 31 Dec 2001 | 10.63B | +10.82% | 354.00M | -10.27B | 1.27 |
| Q3 FY2001 | 30 Sept 2001 | 10.35B | -41.88% | 305.62M | -10.04B | 1.30 |
| Q2 FY2001 | 30 Jun 2001 | 10.60B | -39.56% | 200.23M | -10.39B | 1.41 |
| Q1 FY2001 | 31 Mar 2001 | 10.04B | -41.10% | 179.76M | -9.86B | 0.95 |
| Q4 FY2000 | 31 Dec 2000 | 9.59B | +0.58% | 205.00M | -9.39B | 0.87 |
| Q3 FY2000 | 30 Sept 2000 | 17.81B | +15.85% | 834.67M | -16.97B | 1.90 |
| Q2 FY2000 | 30 Jun 2000 | 17.53B | +13.76% | 787.92M | -16.74B | 1.97 |
| Q1 FY2000 | 31 Mar 2000 | 17.05B | +26.72% | 471.09M | -16.57B | 1.93 |
| Q4 FY1999 | 31 Dec 1999 | 9.54B | -31.04% | 176.00M | -9.36B | 1.00 |
| Q3 FY1999 | 30 Sept 1999 | 15.37B | +16.24% | 767.60M | -14.60B | 1.61 |
| Q2 FY1999 | 30 Jun 1999 | 15.41B | +15.55% | 448.80M | -14.96B | 1.62 |
| Q1 FY1999 | 31 Mar 1999 | 13.45B | +1.14% | 554.10M | -12.90B | 1.39 |
| Q4 FY1998 | 31 Dec 1998 | 13.83B | +5.37% | 959.00M | -12.87B | 1.36 |
| Q3 FY1998 | 30 Sept 1998 | 13.22B | +4.66% | 858.30M | -12.37B | 1.30 |
| Q2 FY1998 | 30 Jun 1998 | 13.34B | +10.46% | 687.10M | -12.65B | 1.36 |
| Q1 FY1998 | 31 Mar 1998 | 13.30B | +8.07% | 477.30M | -12.82B | 1.36 |
| Q4 FY1997 | 31 Dec 1997 | 13.12B | +36.52% | 704.00M | -12.42B | 1.29 |
| Q3 FY1997 | 30 Sept 1997 | 12.64B | +37.37% | 620.40M | -12.02B | 1.32 |
| Q2 FY1997 | 30 Jun 1997 | 12.07B | +19.91% | 382.80M | -11.69B | 1.29 |
| Q1 FY1997 | 31 Mar 1997 | 12.31B | +23.89% | 549.90M | -11.76B | 1.33 |
| Q4 FY1996 | 31 Dec 1996 | 9.61B | -8.05% | 445.00M | -9.17B | 0.94 |
| Q3 FY1996 | 30 Sept 1996 | 9.20B | -6.93% | 381.00M | -8.82B | 1.00 |
| Q2 FY1996 | 30 Jun 1996 | 10.07B | +23.08% | 619.50M | -9.45B | 1.13 |
| Q1 FY1996 | 31 Mar 1996 | 9.93B | +19.28% | 311.80M | -9.62B | 1.13 |
| Q4 FY1995 | 31 Dec 1995 | 10.45B | +18.80% | 772.00M | -9.68B | 1.03 |
| Q3 FY1995 | 30 Sept 1995 | 9.88B | +19.50% | 331.50M | -9.55B | 1.14 |
| Q2 FY1995 | 30 Jun 1995 | 8.18B | -6.53% | 115.70M | -8.06B | 0.97 |
| Q1 FY1995 | 31 Mar 1995 | 8.33B | -2.22% | 112.60M | -8.22B | 1.00 |
| Q4 FY1994 | 31 Dec 1994 | 8.80B | — | 139.00M | -8.66B | 0.92 |
| Q3 FY1994 | 30 Sept 1994 | 8.27B | -1.22% | 117.10M | -8.15B | 1.02 |
| Q2 FY1994 | 30 Jun 1994 | 8.75B | +0.21% | 204.60M | -8.55B | 1.12 |
| Q1 FY1994 | 31 Mar 1994 | 8.52B | — | 213.40M | -8.30B | 1.10 |
| Q3 FY1993 | 30 Sept 1993 | 8.37B | — | 176.30M | -8.20B | 1.09 |
| Q2 FY1993 | 30 Jun 1993 | 8.73B | — | 246.60M | -8.49B | 1.18 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Balance sheet
Common questions about Southern Company (The)'s debt
Source: Financial Modeling PrepVerified against SEC filings