Southern Co-The
SOCompany Overview
The Southern Co is a holding company, which engages in the generation and sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power and Southern Company Gas. The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi. The Southern Power segment constructs, acquires, owns, and manages generation assets such as renewable energy projects and sells electricity in the wholesale market. The Southern Company Gas segment distributes natural gas through natural gas distribution facilities in the states of Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The company was founded on November 9, 1945, and is headquartered in Atlanta, GA.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | Southern Co-The |
| Ticker | SO |
| Main Business | Utilities - Regulated Electric |
| Type | Common Stock |
| Industry | Utilities - Regulated Electric |
| Country | US |
| Market Cap | $77.13 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Traditional Electric Operating Companies | $20,410.0 | $0.0 | - |
| Southern Company Gas | $5,960.0 | $0.0 | - |
| Southern Power | $3,370.0 | $0.0 | - |
| All Other | $593.0 | $0.0 | - |
| Eliminations | $-149.0 | $0.0 | - |
| Electric Utilities-Eliminations | $-904.0 | $0.0 | - |
| Interest income | $0.0 | $0.0 | - |
| Total | $29,280.0 | $0.0 | 0.00% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| current debt and capital lease obligation | $4,970,000,000.0 | 6.44% |
| long term debt and capital lease obligation | $58,520,000,000.0 | 75.87% |
| Total Interest-Bearing Debt | $63,490,000,000.0 | 82.31% |
| Market Capitalization | $77,132,000,000.0 | 100.00% |
| Compliance Status | Threshold: 33% | failed |