South Bow Corp (SOBO) Financial Ratio Screen

NYSE Energy Canada USD 7776M
RATIOS FAIL*
Automated financial screen · activity assessed separately
South Bow Corp (SOBO) is potentially non-compliant in the automated ratio model. The company's debt ratio of 51.7% exceeds the 30% MSCI new-inclusion threshold relative to total assets. South Bow Corp operates in the Energy sector.

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MSCI new-inclusion financial-ratio snapshot

SOBO financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
51.7%
Fail vs 30%
Cash ratio
4.9%
Pass vs 30%
Receivables + cash
15.5%
Pass vs 30%
Impermissible income
2.1%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
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MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2025Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Oil & Gas Midstream) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: South Bow Corporation operates as an energy infrastructure company. It operates through three segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. The Keystone Pipeline System segment consists of the company's main liquids pipeline network, which transports crude oil from Hardisty, Alberta, to key U.S. markets including Wood River, Patoka, Illinois, Cushing, Oklahoma, and the Gulf Coast. The Marketing segment provides crude oil marketing services, including transportation, storage, and logistics, and engages in physical crude oil trading and hedging activities. The Intra-Alberta & Other segment comprises pipelines such as the Grand Rapids Pipeline and White Spruce Pipeline, offering crude oil transportation from Alberta's oil sands to refining and market regions, and includes corporate and financing activities. The company also operates 4,900 kilometres of crude oil pipeline infrastructure connecting Alberta crude oil supplies to the U.S. refining markets in the U.S. Midwest and Gulf Coast. In addition, the company offers ancillary services, including storage at terminals. The company was incorporated in 2023 and is based in Calgary, Canada.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 51.7%
/ 30%
4.9%
/ 30%
15.5%
/ 30%
2.06%
/ 5%
RATIOS FAIL*
FTSE 51.7%
/ 33%
4.9%
/ 33%
15.5%
/ 50%
2.06%
/ 5%
RATIOS FAIL*

Financial Highlights

P/E Ratio
16.9
Forward: 19.2
EPS
$2.20
Dividend Yield
528.0%
Payout: 90.9%
P/B Ratio
2.9
EV/EBITDA
12.8
EV: $12.8B
Revenue
$2.0B
Growth: 4.2%
Current Ratio
1.5

Profitability

Gross Margin 50.2%
Operating Margin 43.8%
Net Margin 23.0%
Return on Equity (ROE) 17.4%
Return on Assets (ROA) 4.1%

Cash Flow & Balance Sheet

Operating Cash Flow$717M
Free Cash Flow$539M
Total Debt$5.8B
Debt-to-Equity216.1
Current Ratio1.5
Total Assets$11.2B

Price & Trading

Last Close$37.85
50-Day MA$36.71
200-Day MA$32.67
Avg Volume779K
52-Week Range
$25.02
$38.94

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-08-28 for the financial period December 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About South Bow Corp (SOBO)

CEO
Mr. Bevin Mark Wirzba M.B.A., P.Eng.
Sector
Energy
Industry
Oil & Gas Midstream
Country
Canada
Exchange
NYSE
Market Cap (listing currency)
USD 7776M
Currency
USD

South Bow Corporation operates as an energy infrastructure company. It operates through three segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. The Keystone Pipeline System segment consists of the company's main liquids pipeline network, which transports crude oil from Hardisty, Alberta, to key U.S. markets including Wood River, Patoka, Illinois, Cushing, Oklahoma, and the Gulf Coast. The Marketing segment provides crude oil marketing services, including transportation, storage, and logistics, and engages in physical crude oil trading and hedging activities. The Intra-Alberta & Other segment comprises pipelines such as the Grand Rapids Pipeline and White Spruce Pipeline, offering crude oil transportation from Alberta's oil sands to refining and market regions, and includes corporate and financing activities. The company also operates 4,900 kilometres of crude oil pipeline infrastructure connecting Alberta crude oil supplies to the U.S. refining markets in the U.S. Midwest and Gulf Coast. In addition, the company offers ancillary services, including storage at terminals. The company was incorporated in 2023 and is based in Calgary, Canada.

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Frequently Asked Questions

Is South Bow Corp (SOBO) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is South Bow Corp's debt ratio?

South Bow Corp's debt ratio is 51.7% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are South Bow Corp's key financial metrics?

South Bow Corp has a market capitalization of USD 7776M in its listing currency, trailing P/E ratio of 16.9, and revenue of $2.0B. The company maintains a gross margin of 50.2% and a net margin of 23.0%. Return on equity stands at 17.4%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.