Southern Company (SO) — Cash Flow-to-Debt Ratio
Southern Company (SO) has a Cash Flow-to-Debt Ratio of 0.03x as of September 2025, meaning its operating cash flow of $3.77 Billion could theoretically repay 0% of its total liabilities ($114.97 Billion) in one year. See Southern Company (SO) financial flexibility to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Southern Company Cash Flow-to-Debt Ratio (1994–2024)
Historical debt coverage capacity for Southern Company across 31 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Southern Company.
Annual Cash Flow-to-Debt Ratio for Southern Company (1994–2024)
Year-by-year debt coverage analysis for Southern Company. Check Southern Company (SO) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.09x | $9.79 Billion | $108.51 Billion | ▲ +24.3% |
| 2023 | 0.07x | $7.55 Billion | $104.11 Billion | ▲ +15.5% |
| 2022 | 0.06x | $6.30 Billion | $100.36 Billion | ▼ -3.3% |
| 2021 | 0.06x | $6.17 Billion | $94.97 Billion | ▼ -12.3% |
| 2020 | 0.07x | $6.70 Billion | $90.41 Billion | ▲ +11.0% |
| 2019 | 0.07x | $5.78 Billion | $86.65 Billion | ▼ -15.9% |
| 2018 | 0.08x | $6.95 Billion | $87.58 Billion | ▲ +5.6% |
| 2017 | 0.08x | $6.39 Billion | $85.15 Billion | ▲ +27.3% |
| 2016 | 0.06x | $4.89 Billion | $82.97 Billion | ▼ -47.1% |
| 2015 | 0.11x | $6.27 Billion | $56.22 Billion | ▼ -6.1% |
| 2014 | 0.12x | $5.82 Billion | $48.93 Billion | ▼ -13.4% |
| 2013 | 0.14x | $6.10 Billion | $44.41 Billion | ▲ +22.7% |
| 2012 | 0.11x | $4.90 Billion | $43.77 Billion | ▼ -23.0% |
| 2011 | 0.15x | $5.90 Billion | $40.61 Billion | ▲ +38.9% |
| 2010 | 0.10x | $3.99 Billion | $38.12 Billion | ▲ +17.0% |
| 2009 | 0.09x | $3.26 Billion | $36.46 Billion | ▼ -9.5% |
| 2008 | 0.10x | $3.40 Billion | $34.36 Billion | ▼ -5.9% |
| 2007 | 0.11x | $3.40 Billion | $32.32 Billion | ▲ +14.5% |
| 2006 | 0.09x | $2.82 Billion | $30.74 Billion | ▲ +3.7% |
| 2005 | 0.09x | $2.53 Billion | $28.59 Billion | ▼ -14.2% |
| 2004 | 0.10x | $2.69 Billion | $26.12 Billion | ▼ -15.6% |
| 2003 | 0.12x | $3.07 Billion | $25.11 Billion | ▲ +6.6% |
| 2002 | 0.11x | $2.83 Billion | $24.71 Billion | ▲ +3.5% |
| 2001 | 0.11x | $2.38 Billion | $21.55 Billion | ▼ -20.7% |
| 2000 | 0.14x | $2.82 Billion | $20.20 Billion | ▲ +1.0% |
| 1999 | 0.14x | $2.72 Billion | $19.72 Billion | ▲ +28.1% |
| 1998 | 0.11x | $2.75 Billion | $25.49 Billion | ▲ +1.4% |
| 1997 | 0.11x | $2.62 Billion | $24.68 Billion | ▼ -12.9% |
| 1996 | 0.12x | $2.40 Billion | $19.66 Billion | ▲ +6.5% |
| 1995 | 0.11x | $2.31 Billion | $20.19 Billion | ▼ -6.3% |
| 1994 | 0.12x | $2.11 Billion | $17.26 Billion | — |