South Bow (SOBO) Equity Ratio (2023 - 2025)

South Bow's Equity Ratio history runs 3 years deep, the most recent figure standing at 0.24 for Q4 2025.

• In Q4 2025, Equity Ratio rose 5.05% year-over-year to 0.24; the TTM figure through Dec 2025 stood at 0.24 (up 5.05% YoY), while the FY2025 annual figure was 0.24, up 5.05% from the prior year.
• Equity Ratio was 0.24 for Q4 2025 at South Bow, up from 0.23 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 0.24 in Q4 2025 to a low of 0.23 in Q4 2024.
• Historically, Equity Ratio has averaged 0.24 across 3 years, with a median of 0.24 in 2023.
• The sharpest annual moves came in 2024 and 2025: Equity Ratio declined 2.4% in 2024, then advanced 5.05% in 2025.
• A 3-year view of Equity Ratio shows it stood at 0.24 in 2023, then slipped by 2.4% to 0.23 in 2024, then grew by 5.05% to 0.24 in 2025.
• The last three Equity Ratio figures came in at 0.24 (Q4 2025), 0.23 (Q4 2024), and 0.24 (Q4 2023), per Business Quant data.