South Bow Corporation
South Bow Corporation operates as an energy infrastructure company. The company operates 4,900 kilometres of crude oil pipeline infrastructure connecting Alberta crude oil supplies to the U.S. refining markets in the U.S. Midwest and Gulf Coast. The company offers ancillary services, including storage at terminals. The company was incorporated in 2023 and is based in Calgary, Canada.
South Bow Corporation (SOBO) - Total Assets
Latest total assets as of September 2025: $8.23 Billion USD
Based on the latest financial reports, South Bow Corporation (SOBO) holds total assets worth $8.23 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
South Bow Corporation - Total Assets Trend (2023–2024)
This chart illustrates how South Bow Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
South Bow Corporation - Asset Composition Analysis
Current Asset Composition (December 2024)
South Bow Corporation's total assets of $8.23 Billion consist of 19.4% current assets and 80.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.5% |
| Accounts Receivable | $1.25 Billion | 11.1% |
| Inventory | $207.00 Million | 1.8% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2023–2024)
This chart illustrates how South Bow Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: South Bow Corporation's current assets represent 19.4% of total assets in 2024, a decrease from 21.7% in 2023.
- Cash Position: Cash and equivalents constituted 3.5% of total assets in 2024, up from 2.2% in 2023.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2023.
- Asset Diversification: The largest asset category is accounts receivable at 11.1% of total assets.
South Bow Corporation Competitors by Total Assets
Key competitors of South Bow Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Senton Energy Co. Ltd. A
SHE:001331
|
China | CN¥1.68 Billion |
|
Shaanxi Provincial Natural Gas Co Ltd
SHE:002267
|
China | CN¥13.96 Billion |
|
Zhuhai Winbase International Chemical Tank Terminal Co Ltd
SHE:002492
|
China | CN¥2.32 Billion |
|
HENGYANG PETROCHEM (5HY.SG)
STU:5HY
|
Germany | €535.36 Million |
|
Shanxi Guoxin Energy Co Ltd A
SHG:600617
|
China | CN¥25.35 Billion |
|
Nanjing Tanker Corp
SHG:601975
|
China | CN¥13.19 Billion |
|
China Merchants Energy Shipping Co Ltd
SHG:601872
|
China | CN¥77.88 Billion |
|
Anhui Province Natural Gas Development Co Ltd
SHG:603689
|
China | CN¥7.57 Billion |
South Bow Corporation - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - South Bow Corporation generates 0.19x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, South Bow Corporation generates $ 2.79 in net profit.
South Bow Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.36 | 1.08 | 1.26 |
| Quick Ratio | 1.28 | 1.05 | 1.18 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $441.57 Million | $ 543.94 Million | $ 539.00 Million |
South Bow Corporation - Advanced Valuation Insights
This section examines the relationship between South Bow Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.48 |
| Latest Market Cap to Assets Ratio | 0.57 |
| Asset Growth Rate (YoY) | -5.8% |
| Total Assets | $11.33 Billion |
| Market Capitalization | $6.51 Billion USD |
Valuation Analysis
Below Book Valuation: The market values South Bow Corporation's assets below their book value (0.57 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: South Bow Corporation's assets decreased by 5.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for South Bow Corporation (2023–2024)
The table below shows the annual total assets of South Bow Corporation from 2023 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $11.33 Billion | -5.84% |
| 2023-12-31 | $12.03 Billion | -- |