Debt-to-Equity Ratio

The Debt-to-Equity ratio of 2.01x means that for every $1 of shareholder equity, SO has $2.01 in debt, indicating a reliance on borrowing to fund its assets.

This level is well above the sector median of 0.73x, placing SO in the 86th percentile among peers, meaning it carries more debt than the vast majority of its industry. Trend data is unavailable because the year-over-year change, quarter-over-quarter change, and historical values beyond the current figure are all marked as N/A, so no directional shift can be assessed. The combination of a high debt level with no trend information implies that while the company's leverage is notably above its peers, an investor cannot determine whether risk is increasing or decreasing. This elevated financial risk from the debt load supports the overall NEUTRAL verdict, as it does not make the stock a clear buy or sell but instead signals caution that requires balancing against other factors.

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