Is it safe?
Can SO take a bad year?
Southern Company carries $73.5B of net debt at 7.01× EBITDA: a heavy load to carry through a bad year.
$73.5B
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 7.01×
Net debt / EBITDA · 6.53× a year ago · the load is going up
- Altman Z-score
- 0.98
Altman Z-score · distress zone, below 1.8
- Cash runway
- 0.3 years
Cash runway · burning $867M a quarter at the current rate
Details›
- Total debtQ1 2026
- $74.5B
- Cash and short-term investments
- $981M
- Net debt
- $73.5B
- EBITDA, trailing twelve months
- $10.5B
- Operating profit, trailing twelve months
- $7.29B
- Debt / equity
- 1.87×
- Total debt / EBITDA
- 7.10×
- Annualised volatilitytwo years of daily moves
- 18%
- Worst drawdown on file
- −38%
- Below its 52-week high
- −8.7%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Utilities - Regulated Electric
Ranks #26 of 37 by Smart Score