Total Debt for Southern Company (SO)
According to Southern Company's latest reported financial statements, the company's latest reported total debt is $65.82B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal DebtSwitch metric
Latest period
$65.82B
YoY change
-0.7%
5Y CAGR
+5.2%
Peak year (2024)
$66.28B
Latest annual
$65.82B
Total Debt history chart for Southern Company (SO) from 1994 to 2025
Total Debt history table for Southern Company (SO) from 1994 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $65.82B | -0.7% | ||
| 2024 | $66.28B | +4.4% | ||
| 2023 | $63.49B | +7.4% | ||
| 2022 | $59.13B | +6.6% | ||
| 2021 | $55.47B | +8.7% | ||
| 2020 | $51.04B | +4.8% | ||
| 2019 | $48.69B | +3.9% | ||
| 2018 | $46.85B | -7.8% | ||
| 2017 | $50.79B | +7.0% | ||
| 2016 | $47.46B | +65.1% | ||
| 2015 | $28.74B | +16.0% | ||
| 2014 | $24.78B | +6.4% | ||
| 2013 | $23.30B | +3.8% | ||
| 2012 | $22.43B | +5.7% | ||
| 2011 | $21.22B | +2.3% | ||
| 2010 | $20.75B | +4.4% | ||
| 2009 | $19.88B | +8.1% | ||
| 2008 | $18.39B | +10.8% | ||
| 2007 | $16.59B | +4.6% | ||
| 2006 | $15.86B | +5.7% | ||
| 2005 | $15.01B | +8.3% | ||
| 2004 | $13.86B | +20.8% | ||
| 2003 | $11.47B | +1.0% | ||
| 2002 | $11.37B | +6.9% | ||
| 2001 | $10.63B | +10.8% | ||
| 2000 | $9.59B | +0.6% | ||
| 1999 | $9.54B | -31.0% | ||
| 1998 | $13.83B | +5.4% | ||
| 1997 | $13.12B | +36.5% | ||
| 1996 | $9.61B | -8.0% | ||
| 1995 | $10.45B | +18.8% | ||
| 1994 | $8.80B | — |
Total Debt values are taken from Southern Company's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual total debt for Southern Company (SO) came in at $65.82B – edged down 0.7% year-over-year.
Through 2020–2025 (5 years), Southern Company total debt delivered a +5.2% annualised rate; with the latest reading among the more recent periods of the dataset.
$66.28B stands as the all-time-high annual total debt, posted in 2024, against a low of $8.80B during 1994.
Within Utilities, Southern Company (SO) ranks 3rd among 8 peers we track. The peer median for total debt is $42.61B.
Southern Company Total Debt by Year
Southern Company Total Debt 2025: $65.82B
Southern Company total debt in 2025 was $65.82B, edged down 0.7% below 2024.
Southern Company Total Debt 2024: $66.28B
Southern Company total debt in 2024 was $66.28B, edged up 4.4% from 2023. This figure represents the highest annual value in the available history.
Southern Company Total Debt 2023: $63.49B
Southern Company total debt in 2023 was $63.49B, grew 7.4% from 2022.
Southern Company Total Debt 2022: $59.13B
Southern Company total debt in 2022 was $59.13B, grew 6.6% from 2021.
Southern Company Total Debt 2021: $55.47B
Southern Company total debt in 2021 was $55.47B.
See more financial history for Southern Company (SO).
Sector peers — Total Debt
Companies in the same sector as Southern Company, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $95.62B | Utilities |
| Duke Energy Corporation (DUK) | $90.87B | Utilities |
| American Electric Power Company, Inc. (AEP) | $50.24B | Utilities |
| Dominion Energy, Inc. (D) | $48.94B | Utilities |
| Sempra (SRE) | $36.29B | Utilities |
| Vistra Corp. (VST) | $20.39B | Utilities |
| Constellation Energy Corporation (CEG) | $8.99B | Utilities |
| GE Vernova Inc. (GEV) | $0 | Utilities |
Frequently asked questions
What is Southern Company's total debt?
- Latest reported total debt for Southern Company (SO) is $65.82B (period ending December 31, 2025).
How has Southern Company total debt changed year-over-year?
- Southern Company (SO) total debt changed -0.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Southern Company total debt?
- Southern Company (SO) total debt compound annual growth rate is +5.2% over the most recent 5 years available.
When did Southern Company total debt hit its highest annual value?
- Southern Company total debt reached its highest annual value of $66.28B in 2024.
What was Southern Company total debt in 2024?
- Southern Company (SO) total debt in 2024 was $66.28B.
What was Southern Company total debt in 2025?
- Southern Company (SO) total debt in 2025 was $65.82B.
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