Southern Net Receivables vs Net Debt Analysis

SO Stock

USD 89.70 0.84 0.95%

Southern financial indicator trend analysis is much more than just breaking down Southern prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Southern is a good investment. Please check the relationship between Southern Net Receivables and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Southern Net Receivables account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Southern's Net Receivables and Net Debt is 0.8. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Debt in the same time period over historical financial statements of Southern Company, assuming nothing else is changed. The correlation between historical values of Southern's Net Receivables and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Southern Company are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Receivables i.e., Southern's Net Receivables and Net Debt go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Receivables

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Southern's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Southern current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

As of the 20th of September 2024, Tax Provision is likely to grow to about 567.6 M, while Selling General Administrative is likely to drop about 1.1 B.

	2021	2022	2023	2024 (projected)
Gross Profit	10.1B	10.8B	11.7B	8.3B
Total Revenue	23.1B	29.3B	25.3B	15.6B

Gross Profit Total Revenue

Southern fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue
Common Stock Shares Outstanding		0.91	0.73	0.87	0.86	0.97	0.92	0.72	0.92	0.8	0.64	0.9	0.45	0.64	0.8	0.79	0.76	0.81	0.53	0.38	0.89	0.63	0.91	0.77	0.8	0.93
Total Assets	0.91		0.83	0.97	0.94	0.97	1.0	0.82	0.78	0.9	0.66	1.0	0.57	0.66	0.92	0.8	0.84	0.72	0.65	0.72	1.0	0.73	0.96	0.83	0.78	0.89
Short Long Term Debt Total	0.73	0.83		0.81	0.78	0.77	0.81	1.0	0.59	0.75	0.53	0.83	0.75	0.53	0.81	0.95	1.0	0.55	0.9	0.61	0.83	0.95	0.79	0.7	0.95	0.71
Other Current Liab	0.87	0.97	0.81		0.93	0.94	0.97	0.81	0.76	0.89	0.64	0.97	0.56	0.64	0.92	0.78	0.83	0.7	0.64	0.71	0.98	0.71	0.94	0.81	0.76	0.89
Total Current Liabilities	0.86	0.94	0.78	0.93		0.89	0.92	0.77	0.68	0.98	0.73	0.93	0.59	0.73	0.95	0.74	0.79	0.67	0.55	0.65	0.94	0.64	0.97	0.96	0.75	0.91
Total Stockholder Equity	0.97	0.97	0.77	0.94	0.89		0.98	0.76	0.91	0.83	0.62	0.97	0.5	0.62	0.84	0.81	0.79	0.8	0.62	0.56	0.96	0.7	0.94	0.79	0.78	0.9
Property Plant And Equipment Net	0.92	1.0	0.81	0.97	0.92	0.98		0.8	0.82	0.88	0.64	1.0	0.55	0.64	0.9	0.8	0.83	0.73	0.64	0.69	0.99	0.72	0.95	0.81	0.77	0.89
Net Debt	0.72	0.82	1.0	0.81	0.77	0.76	0.8		0.59	0.74	0.5	0.82	0.76	0.5	0.8	0.95	1.0	0.54	0.9	0.6	0.82	0.96	0.78	0.69	0.95	0.69
Retained Earnings	0.92	0.78	0.59	0.76	0.68	0.91	0.82	0.59		0.59	0.47	0.78	0.34	0.47	0.58	0.72	0.62	0.83	0.51	0.22	0.75	0.58	0.77	0.58	0.69	0.79
Accounts Payable	0.8	0.9	0.75	0.89	0.98	0.83	0.88	0.74	0.59		0.7	0.9	0.6	0.7	0.96	0.68	0.76	0.64	0.5	0.67	0.91	0.59	0.93	0.93	0.7	0.87
Cash	0.64	0.66	0.53	0.64	0.73	0.62	0.64	0.5	0.47	0.7		0.65	0.12	1.0	0.69	0.39	0.53	0.41	0.28	0.35	0.67	0.36	0.76	0.73	0.52	0.76
Non Current Assets Total	0.9	1.0	0.83	0.97	0.93	0.97	1.0	0.82	0.78	0.9	0.65		0.57	0.65	0.91	0.8	0.84	0.71	0.65	0.73	1.0	0.73	0.95	0.82	0.78	0.88
Non Currrent Assets Other	0.45	0.57	0.75	0.56	0.59	0.5	0.55	0.76	0.34	0.6	0.12	0.57		0.12	0.58	0.72	0.75	0.36	0.65	0.47	0.58	0.79	0.49	0.55	0.69	0.44
Cash And Short Term Investments	0.64	0.66	0.53	0.64	0.73	0.62	0.64	0.5	0.47	0.7	1.0	0.65	0.12		0.69	0.39	0.53	0.41	0.28	0.35	0.67	0.36	0.76	0.73	0.52	0.76
Net Receivables	0.8	0.92	0.81	0.92	0.95	0.84	0.9	0.8	0.58	0.96	0.69	0.91	0.58	0.69		0.75	0.81	0.67	0.55	0.7	0.93	0.64	0.95	0.88	0.74	0.9
Common Stock Total Equity	0.79	0.8	0.95	0.78	0.74	0.81	0.8	0.95	0.72	0.68	0.39	0.8	0.72	0.39	0.75		0.95	0.66	0.89	0.46	0.79	0.93	0.78	0.65	0.96	0.71
Non Current Liabilities Total	0.76	0.84	1.0	0.83	0.79	0.79	0.83	1.0	0.62	0.76	0.53	0.84	0.75	0.53	0.81	0.95		0.55	0.88	0.59	0.85	0.95	0.8	0.7	0.96	0.73
Inventory	0.81	0.72	0.55	0.7	0.67	0.8	0.73	0.54	0.83	0.64	0.41	0.71	0.36	0.41	0.67	0.66	0.55		0.38	0.23	0.71	0.48	0.79	0.59	0.58	0.79
Other Current Assets	0.53	0.65	0.9	0.64	0.55	0.62	0.64	0.9	0.51	0.5	0.28	0.65	0.65	0.28	0.55	0.89	0.88	0.38		0.56	0.64	0.95	0.57	0.47	0.85	0.41
Other Stockholder Equity	0.38	0.72	0.61	0.71	0.65	0.56	0.69	0.6	0.22	0.67	0.35	0.73	0.47	0.35	0.7	0.46	0.59	0.23	0.56		0.74	0.54	0.59	0.54	0.39	0.41
Total Liab	0.89	1.0	0.83	0.98	0.94	0.96	0.99	0.82	0.75	0.91	0.67	1.0	0.58	0.67	0.93	0.79	0.85	0.71	0.64	0.74		0.73	0.96	0.83	0.77	0.89
Property Plant And Equipment Gross	0.63	0.73	0.95	0.71	0.64	0.7	0.72	0.96	0.58	0.59	0.36	0.73	0.79	0.36	0.64	0.93	0.95	0.48	0.95	0.54	0.73		0.66	0.56	0.91	0.55
Total Current Assets	0.91	0.96	0.79	0.94	0.97	0.94	0.95	0.78	0.77	0.93	0.76	0.95	0.49	0.76	0.95	0.78	0.8	0.79	0.57	0.59	0.96	0.66		0.9	0.77	0.96
Short Term Debt	0.77	0.83	0.7	0.81	0.96	0.79	0.81	0.69	0.58	0.93	0.73	0.82	0.55	0.73	0.88	0.65	0.7	0.59	0.47	0.54	0.83	0.56	0.9		0.69	0.85
Common Stock	0.8	0.78	0.95	0.76	0.75	0.78	0.77	0.95	0.69	0.7	0.52	0.78	0.69	0.52	0.74	0.96	0.96	0.58	0.85	0.39	0.77	0.91	0.77	0.69		0.74
Current Deferred Revenue	0.93	0.89	0.71	0.89	0.91	0.9	0.89	0.69	0.79	0.87	0.76	0.88	0.44	0.76	0.9	0.71	0.73	0.79	0.41	0.41	0.89	0.55	0.96	0.85	0.74

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Southern Account Relationship Matchups

High Positive Relationship

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

High Negative Relationship

Not Found

Southern fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	1.1B	1.1B	1.1B	1.1B	1.1B	847.2M
Total Assets	118.7B	122.9B	127.5B	134.9B	139.3B	72.0B
Short Long Term Debt Total	48.7B	51.0B	55.5B	59.1B	63.5B	66.7B
Other Current Liab	4.2B	4.4B	4.4B	4.6B	5.1B	2.6B
Total Current Liabilities	12.5B	12.1B	10.9B	15.7B	13.5B	8.3B
Total Stockholder Equity	27.8B	28.3B	28.2B	30.4B	31.4B	18.7B
Property Plant And Equipment Net	86.1B	90.4B	93.5B	96.7B	101.9B	53.2B
Net Debt	46.7B	50.0B	53.7B	57.2B	62.7B	65.9B
Retained Earnings	10.9B	11.3B	10.9B	11.5B	12.5B	8.2B
Accounts Payable	2.6B	2.8B	2.2B	3.5B	2.9B	1.8B
Non Current Assets Total	108.9B	114.3B	118.6B	124.5B	128.9B	65.6B
Non Currrent Assets Other	601M	11.2B	12.0B	17.8B	16.8B	17.6B
Net Receivables	3.4B	3.3B	3.0B	3.7B	4.0B	2.4B
Common Stock Total Equity	5.3B	5.3B	5.3B	5.4B	6.2B	5.9B
Liabilities And Stockholders Equity	118.7B	122.9B	127.5B	134.9B	139.3B	72.0B
Non Current Liabilities Total	74.1B	78.3B	84.0B	84.6B	90.6B	95.2B
Inventory	2.4B	2.5B	2.4B	2.7B	3.4B	1.9B
Other Current Assets	1.4B	1.2B	1.4B	1.6B	1.9B	2.0B
Other Stockholder Equity	11.7B	11.8B	11.9B	13.6B	13.7B	6.9B
Total Liab	86.7B	90.4B	95.0B	100.4B	104.1B	52.1B
Property Plant And Equipment Gross	86.1B	90.4B	125.2B	129.9B	139.7B	146.6B
Total Current Assets	9.8B	8.6B	9.0B	10.4B	10.4B	6.4B
Accumulated Other Comprehensive Income	(321M)	(395M)	(238M)	(167M)	(177M)	(185.9M)
Short Term Debt	5.3B	4.4B	3.8B	7.1B	5.0B	3.6B
Common Stock	5.3B	5.3B	5.3B	5.4B	5.4B	5.9B
Current Deferred Revenue	496M	487M	479M	502M	503M	356.0M
Good Will	6.3B	5.3B	5.3B	5.2B	5.9B	6.2B
Intangible Assets	536M	487M	445M	406M	368M	416.5M
Other Liab	30.7B	31.6B	32.4B	32.4B	37.2B	39.1B
Other Assets	17.3B	18.2B	18.9B	21.4B	24.6B	25.8B
Long Term Debt	95M	45.1B	49.9B	50.7B	57.2B	60.1B
Treasury Stock	(42M)	(46M)	(47M)	(53M)	(61.0M)	(64.0M)
Property Plant Equipment	83.1B	87.6B	91.1B	94.6B	108.8B	57.0B
Retained Earnings Total Equity	10.9B	11.3B	10.9B	11.5B	13.3B	8.0B

Pair Trading with Southern

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Southern position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Southern will appreciate offsetting losses from the drop in the long position's value.

Moving together with Southern Stock

0.98	D	Dominion Energy	Pair Corr
0.99	ED	Consolidated Edison	Pair Corr
0.97	ES	Eversource Energy Sell-off Trend	Pair Corr
0.97	FE	FirstEnergy	Pair Corr

Moving against Southern Stock

0.78	CNP	CenterPoint Energy	Pair Corr
0.61	ENIC	Enel Chile SA	Pair Corr

The ability to find closely correlated positions to Southern could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southern when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Southern - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Southern Company to buy it.

The correlation of Southern is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Southern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Southern can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Information and Resources on Investing in Southern Stock

When determining whether Southern offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Southern's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Southern Company Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Southern Company Stock:

How To Invest In Southern

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Is Southern Stock a good investment?

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What is Southern's Net Worth?

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Largest Electric Utilities Companies

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Largest Utilities - Regulated Electric Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Southern. If investors know Southern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Southern listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.434

Dividend Share

2.82

Earnings Share

4.19

Revenue Per Share

23.899

Quarterly Revenue Growth

0.124

The market value of Southern is measured differently than its book value, which is the value of Southern that is recorded on the company's balance sheet. Investors also form their own opinion of Southern's value that differs from its market value or its book value, called intrinsic value, which is Southern's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Southern's market value can be influenced by many factors that don't directly affect Southern's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Southern's value and its price as these two are different measures arrived at by different means. Investors typically determine if Southern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southern's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Southern Net Receivables vs Net Debt Analysis

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

Correlation Coefficient

Net Receivables

Net Debt

Southern fundamental ratios Correlations

Southern Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Southern fundamental ratios Accounts

Pair Trading with Southern

Moving together with Southern Stock

Moving against Southern Stock

Additional Information and Resources on Investing in Southern Stock

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