South Bow (SOBO) Debt Ratio (2023 - 2026)

South Bow (SOBO) recorded quarterly Debt Ratio of 0.42 in Q1 2026, down 0.78% quarter-over-quarter from 0.42 in Q4 2025, and little changed on a YoY basis from 0.41 in Q1 2025.

South Bow (SOBO) Debt Ratio (2023 - 2026) Analysis & Trends

South Bow's Debt Ratio history runs 4 years deep, the most recent figure standing at 0.42 for Q1 2026.

  • In Q1 2026, Debt Ratio changed 0.13% year-over-year to 0.42; the TTM figure through Mar 2026 stood at 0.42 (changed 0.13% YoY), while the FY2025 annual figure was 0.42, up 2.37% from the prior year.
  • Debt Ratio was 0.42 for Q1 2026 at South Bow, down from 0.42 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.5 in Q4 2023 to a low of 0.41 in Q3 2025.
  • Historically, Debt Ratio has averaged 0.42 across 4 years, with a median of 0.41 in 2025.
  • The sharpest annual moves came in 2024 and 2025: Debt Ratio declined 17.61% in 2024, then grew 2.37% in 2025.
  • A 4-year view of Debt Ratio shows it stood at 0.5 in 2023, then slipped by 17.61% to 0.41 in 2024, then rose by 2.37% to 0.42 in 2025, then slipped by 0.78% to 0.42 in 2026.
  • The last three Debt Ratio figures came in at 0.42 (Q1 2026), 0.42 (Q4 2025), and 0.41 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 0.47
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 0.42
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 0.44
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 0.47
5 Scorpio Tankers 59.17 Bn 58.19 Bn - 0.14
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 0.60
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 0.71
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 0.47
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 0.39
10 South Bow - - 417.00 Mn 0.42

Historic Data

Download Data
DateValue
Mar 31, 2026 0.42
Dec 31, 2025 0.42
Sep 30, 2025 0.41
Jun 30, 2025 0.41
Mar 31, 2025 0.41
Dec 31, 2024 0.41
Dec 31, 2023 0.50