Southern

SO Utilities & Power 6/10 Medium Risk
6/10
— 5 → 6 over 22 weeks
Sector avg: 4.8/10

Southern carries $67.1B in long-term debt, with $21.2B in scheduled principal maturities. Notably, the entire $21.2B maturity schedule falls within five years, creating a concentrated refinancing window. SO shows cash covering only 0.2x of $6.2B in near-term maturities. DebtCanary scores SO at 6/10, indicating moderate refinancing pressure.

Maturity Schedule

As of 2025-12-31 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.
Year 1 $6.2B Year 2 $3.4B Year 3 $5.5B Year 4 $2.0B Year 5 $4.1B Beyond 5 $0
Period Amount Due % of Total
Year 1 (0-12 months) $6.2B 29.3%
Year 2 (12-24 months) $3.4B 16.1%
Year 3 (24-36 months) $5.5B 25.8%
Year 4 (36-48 months) $2.0B 9.4%
Year 5 (48-60 months) $4.1B 19.4%
Beyond 5 Years N/A N/A
Total Scheduled Maturities $21.2B 100.0%
Why don't these totals match? Total scheduled maturities ($21.2B) falls short of balance-sheet long-term debt ($67.1B) by about 68%. The two figures come from different disclosures: the maturity schedule aggregates gross principal repayments from the debt footnote — typically including the current portion of long-term debt and sometimes finance leases — while balance-sheet long-term debt is a carrying value that excludes the current portion and is net of unamortized discounts, premiums, and issuance costs. They can also come from filings with different period-end dates (2025-12-31 vs 2026-03-31). Both numbers are shown exactly as reported to the SEC.

Key Metrics

Total Long-Term Debt
$67.1B
Near-Term (12mo)
$6.2B
Interest Coverage
N/A
Debt/Equity
1.86
Cash Coverage
0.16x
Operating Income
$7.3B

How This Score Was Computed

Weighted average of 3 scored components (raw 6.07, rounded to 6). Weights of skipped components are redistributed proportionally among those scored.

Component Value Sub-Score Weight Used
Near-Term Maturity Concentration
Show calculation
Year-1 maturities / Total scheduled maturities
Year-1 maturities: $6.2B
Total scheduled maturities: $21.2B
 29.3% 5/10 40%
Interest Coverage Ratio
Interest expense was not reported in the latest 10-K.
 N/A — not scored
Debt-to-Equity Ratio
Show calculation
Long-term debt / Stockholders' equity
Long-term debt: $67.1B
Stockholders' equity: $36.0B
 1.86 5/10 33%
Cash Coverage of Near-Term Debt
Show calculation
Cash & equivalents / Debt due within 12 months
Cash & equivalents: $981M
Near-term debt: $6.2B
 0.16x 9/10 27%
Cash Runway
Only scored when a company is burning cash. Operating cash flow is positive (or unreported), so runway isn't a constraint.
 N/A — not scored

"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.

Recent SEC Filings

Material disclosures from Southern's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date Form Details
2026-06-08 424B2 Prospectus supplement — possible debt or equity issuance
2026-06-08 8-K Other Events
2026-05-15 8-K Shareholder Vote
2026-05-05 DEFA14A Additional proxy materials
2026-04-30 8-K Earnings Results
2026-04-30 10-Q Quarterly report
2026-04-03 DEFA14A Additional proxy materials
2026-04-03 DEF 14A Proxy statement

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-03-31. Filing date: 2026-04-30. Data last fetched: 2026-07-26. Maturity schedules reflect the company's most recently reported debt repayment obligations. This company does not tag the standard LongTermDebt concept; its debt figure comes from LongTermDebtAndCapitalLeaseObligations. Data quality: Partial.
View SEC EDGAR filings for Southern →