Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SBA Communications's interest expense for the
three
months ended in Dec. 2023 was $ -105 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-436 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. SBA Communications's Operating Income for the
three
months ended in Dec. 2023 was $ 292 Mil. SBA Communications's Interest Expense for the
three
months ended in Dec. 2023 was $ -105 Mil.
SBA Communications's Interest Coverage for the quarter that ended in Dec. 2023 was 2.79.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
SBA Communications Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-436 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SBA Communications (NAS:SBAC) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
SBA Communications's Interest Expense for the
three
months ended in Dec. 2023 was $-105 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $292 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $13,547 Mil.
SBA Communications's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. SBA Communications Corp interest coverage is 2.56, which is low.
SBA Communications (SBA Communications) Business Description
Traded in Other Exchanges
Address
8051 Congress Avenue, Boca Raton, FL, USA, 33487
SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company owns more than 17,000 towers in the U.S., which accounted for about three fourths of the company's total revenue in 2022. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust, or REIT.
Executives
| Jason V Silberstein |
officer: Vice President-Property Mgt |
|
| Brian D Lazarus |
officer: VP & Chief Accounting Officer |
5900 BROKEN SOUND PARKWAY, NW, BOCA RATON FL 33487 |
| Steven E Bernstein |
director, 10 percent owner, officer: Chairman |
C/O SBA COMMUNICATIONS CORP, ONE TOWN CENTER ROAD - THIRD FLOOR, BOCO RATON FL 83486 |
| Mark R Ciarfella |
officer: SVP ?? Operations |
C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY NW, BOCA RATON FL 33487 |
| Joshua Koenig |
officer: Executive VP/General Counsel |
C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487 |
| Jeffrey Stoops |
director, officer: Chief Executive Officer & Pres |
SBA COMMUNICATIONS CORP, ONE TOWN CENTER ROAD THIRD FLOOR, BOCA RATON FL 33486 |
| Krouse George R Jr |
director |
C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY, NW, BOCA RATON FL 33487 |
| Kevin L Beebe |
director |
ONE ALLIED DRIVE, LITTLE ROCK AR 72202 |
| Marc Montagner |
officer: EVP - Finance |
C/O ENDURANCE INT'L GROUP HOLDINGS, INC., 10 CORPORATE DRIVE, SUITE 300, BURLINGTON MA 01803 |
| Laurie Bowen |
director |
C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487 |
| Amy E Wilson |
director |
2211 H.H. DOW WAY, MIDLAND MI 48674 |
| Richard M Cane |
officer: EVP; Pres. - International |
C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487 |
| Duncan Cocroft |
director |
9 WEST 57TH STREET, 37TH FLOOR, NEW YORK NY 10019 |
| Jay Lecoryelle Johnson |
director |
C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814 |
| Kurt L Bagwell |
officer: Chief Operating Officer |
SBA COMMUNICATIONS CORP, 5900 BROKEN SOUND PKWY, BOCA RATON FL 33487 |
SBA Communications (SBA Communications) Headlines
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