Southern Company Working Capital to Net Assets Ratio
Southern Company working capital to net assets ratio. Southern Company (SO) has a Working Capital to Net Assets ratio of -10.7% as of September 2025. Working capital of $-4.10 Billion (current assets of $12.63 Billion minus current liabilities of $16.73 Billion) is measured against net assets of $38.27 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Southern Company (1994–2024)
Working capital to net assets ratio of Southern Company from 1994 to 2024. This chart shows how Southern Company's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1994 to 2024. As of September 2025, the ratio stands at -10.7%, reflecting working capital of $-4.10 Billion against net assets of $38.27 Billion USD. Explore investment intensity of Southern Company to see how much of total assets are deployed in long-term investments.
Southern Company Working Capital to Net Assets Ratio by Year (1994–2024)
Southern Company working capital to net assets ratio by year from 1994 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Southern Company from 1994 to 2024, covering 31 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see SO current and non-current assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -14.4% | $-5.30 Billion | $36.67 Billion | $10.69 Billion | $15.99 Billion | ▼ -5.8 pp |
| 2023 | -8.6% | $-3.04 Billion | $35.23 Billion | $10.43 Billion | $13.47 Billion | ▲ +6.8 pp |
| 2022 | -15.4% | $-5.31 Billion | $34.53 Billion | $10.42 Billion | $15.72 Billion | ▼ -9.4 pp |
| 2021 | -6.0% | $-1.96 Billion | $32.57 Billion | $8.96 Billion | $10.92 Billion | ▲ +4.6 pp |
| 2020 | -10.6% | $-3.46 Billion | $32.52 Billion | $8.62 Billion | $12.08 Billion | ▼ -2.1 pp |
| 2019 | -8.5% | $-2.73 Billion | $32.05 Billion | $9.82 Billion | $12.55 Billion | ▲ +7.5 pp |
| 2018 | -16.0% | $-4.70 Billion | $29.33 Billion | $9.58 Billion | $14.29 Billion | ▼ -2.4 pp |
| 2017 | -13.6% | $-3.52 Billion | $25.85 Billion | $10.07 Billion | $13.59 Billion | ▼ -1.7 pp |
| 2016 | -12.0% | $-3.19 Billion | $26.73 Billion | $9.72 Billion | $12.92 Billion | ▼ -0.2 pp |
| 2015 | -11.8% | $-2.60 Billion | $22.10 Billion | $6.53 Billion | $9.13 Billion | ▲ +2.8 pp |
| 2014 | -14.5% | $-3.10 Billion | $21.30 Billion | $5.86 Billion | $8.96 Billion | ▼ -15.0 pp |
| 2013 | 0.4% | $89.00 Million | $20.14 Billion | $5.61 Billion | $5.53 Billion | ▲ +4.8 pp |
| 2012 | -4.4% | $-852.00 Million | $19.38 Billion | $6.16 Billion | $7.01 Billion | ▼ -2.8 pp |
| 2011 | -1.6% | $-305.00 Million | $18.66 Billion | $6.27 Billion | $6.58 Billion | ▲ +1.8 pp |
| 2010 | -3.5% | $-589.00 Million | $16.91 Billion | $5.88 Billion | $6.47 Billion | ▼ -5.3 pp |
| 2009 | 1.9% | $289.00 Million | $15.59 Billion | $5.87 Billion | $5.58 Billion | ▲ +0.9 pp |
| 2008 | 0.9% | $132.00 Million | $13.98 Billion | $5.36 Billion | $5.23 Billion | ▲ +7.6 pp |
| 2007 | -6.7% | $-899.00 Million | $13.46 Billion | $4.73 Billion | $5.63 Billion | ▲ +12.6 pp |
| 2006 | -19.3% | $-2.33 Billion | $12.12 Billion | $4.02 Billion | $6.35 Billion | ▼ -10.1 pp |
| 2005 | -9.2% | $-1.03 Billion | $11.29 Billion | $4.21 Billion | $5.24 Billion | ▼ -6.3 pp |
| 2004 | -2.8% | $-307.00 Million | $10.84 Billion | $3.49 Billion | $3.80 Billion | ▲ +1.6 pp |
| 2003 | -4.4% | $-445.00 Million | $10.07 Billion | $3.06 Billion | $3.50 Billion | ▲ +18.4 pp |
| 2002 | -22.8% | $-2.06 Billion | $9.01 Billion | $2.93 Billion | $4.99 Billion | ▼ -5.8 pp |
| 2001 | -17.0% | $-1.42 Billion | $8.35 Billion | $2.96 Billion | $4.38 Billion | ▼ -8.9 pp |
| 2000 | -8.1% | $-893.00 Million | $11.06 Billion | $2.83 Billion | $3.72 Billion | ▲ +9.3 pp |
| 1999 | -17.4% | $-1.67 Billion | $9.57 Billion | $2.36 Billion | $4.03 Billion | ▲ +1.6 pp |
| 1998 | -19.0% | $-2.04 Billion | $10.70 Billion | $3.71 Billion | $5.74 Billion | ▼ -2.1 pp |
| 1997 | -16.9% | $-1.79 Billion | $10.57 Billion | $3.60 Billion | $5.39 Billion | ▼ -8.3 pp |
| 1996 | -8.6% | $-907.00 Million | $10.57 Billion | $2.89 Billion | $3.80 Billion | ▲ +0.2 pp |
| 1995 | -8.8% | $-908.00 Million | $10.34 Billion | $3.37 Billion | $4.28 Billion | ▼ -4.6 pp |
| 1994 | -4.2% | $-410.00 Million | $9.79 Billion | $2.37 Billion | $2.78 Billion | — |