Southern Company Net Asset Quality Index
Southern Company 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. Check SO cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Southern Company (1994–2024)
Net asset quality index of Southern Company from 1994 to 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. See what is Southern Company's book value for net asset value and shareholders' equity analysis.
Southern Company Net Asset Quality Index by Year (1994–2024)
Southern Company net asset quality index by year from 1994 to 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. For live market cap and overall valuation, see market cap of Southern Company.
| 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 | — |