South Bow (SOBO) Debt to Equity (2023 - 2025)

South Bow's Debt to Equity history runs 3 years deep, the most recent figure standing at $1.73 for Q4 2025.

• In Q4 2025, Debt to Equity fell 2.55% year-over-year to $1.73; the TTM figure through Dec 2025 stood at $1.73 (down 2.55% YoY), while the FY2025 annual figure was $1.73, down 2.55% from the prior year.
• Debt to Equity was $1.73 for Q4 2025 at South Bow, down from $1.77 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $2.1 in Q4 2023 to a low of $1.73 in Q4 2025.
• Historically, Debt to Equity has averaged $1.87 across 3 years, with a median of $1.77 in 2024.
• The sharpest annual moves came in 2024 and 2025: Debt to Equity fell 15.59% in 2024, then declined 2.55% in 2025.
• A 3-year view of Debt to Equity shows it stood at $2.1 in 2023, then declined by 15.59% to $1.77 in 2024, then slipped by 2.55% to $1.73 in 2025.
• The last three Debt to Equity figures came in at $1.73 (Q4 2025), $1.77 (Q4 2024), and $2.1 (Q4 2023), per Business Quant data.