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

South Bow (SOBO) posted Debt to Equity of $1.73 for Q4 2025, down 2.55% on a QoQ basis from $1.77 in Q4 2024, and down 2.55% year-on-year from $1.77 in Q4 2024.

South Bow (SOBO) Debt to Equity (2023 - 2025) Analysis & Trends

South Bow has disclosed Debt to Equity across 3 years of filings, most recently posting $1.73 for Q4 2025.

  • Debt to Equity for Q4 2025 came in at $1.73, down 2.55% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.73 (down 2.55% YoY), and the FY2025 annual result was $1.73, down 2.55% from the prior year.
  • Debt to Equity came in at $1.73 for Q4 2025 at South Bow, down from $1.77 in the prior quarter.
  • Over the last five years, Debt to Equity for SOBO reached as high as $2.1 in Q4 2023 and fell as low as $1.73 in Q4 2025.
  • Median Debt to Equity over the past 3 years was $1.77 (2024), compared with a mean of $1.87.
  • Year-over-year, Debt to Equity retreated 15.59% in 2024 and fell 2.55% in 2025.
  • Over 3 years, Debt to Equity 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.
  • Per Business Quant, the three latest SOBO Debt to Equity figures stand at $1.73 (Q4 2025), $1.77 (Q4 2024), and $2.1 (Q4 2023).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 1.66
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.02
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.12
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 2.01
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 5.85
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.79
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 1.43
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 182.28
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 3.41
10 South Bow - - 417.00 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 1.73
Dec 31, 2024 1.77
Dec 31, 2023 2.10