Southern Company (SO) — Net Asset Quality Index
Southern Company (SO) has a Net Asset Quality Index of 25.0% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $153.25 Billion minus total liabilities of $114.97 Billion yields net assets of $38.27 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read total liabilities of Southern Company for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Southern Company Net Asset Quality Index Over Time (1994–2024)
This chart shows how Southern Company's Net Asset Quality Index has evolved across 31 annual periods from 1994 to 2024. As of September 2025, the index stands at 25.0%, representing net assets of $38.27 Billion against total assets of $153.25 Billion USD. For live market cap and overall valuation, see Southern Company stock valuation.
Annual Net Asset Quality Index for Southern Company (1994–2024)
The table below presents the year-by-year Net Asset Quality Index for Southern Company from 1994 to 2024, covering 31 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check asset allocation strategy of Southern Company to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 25.3% | $36.67 Billion | $145.18 Billion | $108.51 Billion | ▼ 0.0 pp |
| 2023 | 25.3% | $35.23 Billion | $139.33 Billion | $104.11 Billion | ▼ -0.3 pp |
| 2022 | 25.6% | $34.53 Billion | $134.89 Billion | $100.36 Billion | ▲ +0.1 pp |
| 2021 | 25.5% | $32.57 Billion | $127.53 Billion | $94.97 Billion | ▼ -0.9 pp |
| 2020 | 26.5% | $32.52 Billion | $122.94 Billion | $90.41 Billion | ▼ -0.5 pp |
| 2019 | 27.0% | $32.05 Billion | $118.70 Billion | $86.65 Billion | ▲ +1.9 pp |
| 2018 | 25.1% | $29.33 Billion | $116.91 Billion | $87.58 Billion | ▲ +1.8 pp |
| 2017 | 23.3% | $25.85 Billion | $111.00 Billion | $85.15 Billion | ▼ -1.1 pp |
| 2016 | 24.4% | $26.73 Billion | $109.70 Billion | $82.97 Billion | ▼ -3.9 pp |
| 2015 | 28.2% | $22.10 Billion | $78.32 Billion | $56.22 Billion | ▼ -2.1 pp |
| 2014 | 30.3% | $21.30 Billion | $70.23 Billion | $48.93 Billion | ▼ -0.9 pp |
| 2013 | 31.2% | $20.14 Billion | $64.55 Billion | $44.41 Billion | ▲ +0.5 pp |
| 2012 | 30.7% | $19.38 Billion | $63.15 Billion | $43.77 Billion | ▼ -0.8 pp |
| 2011 | 31.5% | $18.66 Billion | $59.27 Billion | $40.61 Billion | ▲ +0.8 pp |
| 2010 | 30.7% | $16.91 Billion | $55.03 Billion | $38.12 Billion | ▲ +0.8 pp |
| 2009 | 29.9% | $15.59 Billion | $52.05 Billion | $36.46 Billion | ▲ +1.0 pp |
| 2008 | 28.9% | $13.98 Billion | $48.35 Billion | $34.36 Billion | ▼ -0.5 pp |
| 2007 | 29.4% | $13.46 Billion | $45.79 Billion | $32.32 Billion | ▲ +1.1 pp |
| 2006 | 28.3% | $12.12 Billion | $42.86 Billion | $30.74 Billion | ▼ 0.0 pp |
| 2005 | 28.3% | $11.29 Billion | $39.88 Billion | $28.59 Billion | ▼ -1.0 pp |
| 2004 | 29.3% | $10.84 Billion | $36.95 Billion | $26.12 Billion | ▲ +0.7 pp |
| 2003 | 28.6% | $10.07 Billion | $35.18 Billion | $25.11 Billion | ▲ +1.9 pp |
| 2002 | 26.7% | $9.01 Billion | $33.72 Billion | $24.71 Billion | ▼ -1.2 pp |
| 2001 | 27.9% | $8.35 Billion | $29.90 Billion | $21.55 Billion | ▼ -7.4 pp |
| 2000 | 35.4% | $11.06 Billion | $31.26 Billion | $20.20 Billion | ▲ +2.7 pp |
| 1999 | 32.7% | $9.57 Billion | $29.29 Billion | $19.72 Billion | ▲ +3.1 pp |
| 1998 | 29.6% | $10.70 Billion | $36.19 Billion | $25.49 Billion | ▼ -0.4 pp |
| 1997 | 30.0% | $10.57 Billion | $35.26 Billion | $24.68 Billion | ▼ -5.0 pp |
| 1996 | 35.0% | $10.57 Billion | $30.23 Billion | $19.66 Billion | ▲ +1.1 pp |
| 1995 | 33.9% | $10.34 Billion | $30.52 Billion | $20.19 Billion | ▼ -2.3 pp |
| 1994 | 36.2% | $9.79 Billion | $27.04 Billion | $17.26 Billion | — |