SBA Communications (SBA Communications) Long-Term Capital Lease Obligation

: $1,866 Mil (As of Dec. 2023)

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SBA Communications's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,866 Mil.

SBA Communications's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($2,018 Mil) to Sep. 2023 ($1,979 Mil) and declined from Sep. 2023 ($1,979 Mil) to Dec. 2023 ($1,866 Mil).

SBA Communications's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($1,981 Mil) to Dec. 2022 ($2,041 Mil) but then declined from Dec. 2022 ($2,041 Mil) to Dec. 2023 ($1,866 Mil).

SBA Communications Long-Term Capital Lease Obligation Historical Data

The historical data trend for SBA Communications's Long-Term Capital Lease Obligation can be seen below:

* 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.

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SBA Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,279.40

2,094.36

1,981.35

2,040.63

1,865.69

SBA Communications Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,040.63	2,033.17	2,018.07	1,979.15	1,865.69

SBA Communications (NAS:SBAC) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

SBA Communications Long-Term Capital Lease Obligation Related Terms

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SBA Communications (SBA Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SBA Communications Corp (NAS:SBAC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

4SB:Germany 4SB:Germany

Address

8051 Congress Avenue, Boca Raton, FL, USA, 33487

Website

https://www.sbasite.com

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