American Tower's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,982 Mil. American Tower's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $43,173 Mil. American Tower's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,198 Mil.
American Tower's debt to equity for the quarter that ended in Dec. 2023 was 11.23.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for American Tower's Debt-to-Equity or its related term are showing as below:
AMT'
s Debt-to-Equity Range Over the Past 10 Years
Min: 2.57 Med: 5.05 Max: 11.23
Current: 11.23
During the past 13 years, the highest Debt-to-Equity Ratio of American Tower was 11.23. The lowest was 2.57. And the median was 5.05.
American Tower Debt-to-Equity Historical Data
The historical data trend for American Tower's Debt-to-Equity 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.
|
American Tower Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
6.14 |
8.97 |
10.24 |
8.44 |
11.23 |
|
American Tower Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.44 |
8.68 |
9.13 |
10.33 |
11.23 |
Competitive Comparison
For the REIT - Specialty subindustry, American Tower's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
American Tower Debt-to-Equity Distribution
For the REITs industry and Real Estate sector, American Tower's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where American Tower's Debt-to-Equity falls into.
American Tower Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
American Tower's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
American Tower's Debt to Equity Ratio 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.
American Tower (American Tower) Business Description
Traded in Other Exchanges
Address
116 Huntington Avenue, 11th Floor, Boston, MA, USA, 02116
American Tower owns and operates more than 220,000 cell towers throughout the U.S., Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 U.S. markets after acquiring CoreSite. On its towers, 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 operates more than 40,000 towers in the U.S., which accounted for roughly half of the company's total revenue in 2022. Outside the U.S., American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as an REIT.
Executives
| Joann A Reed |
director |
C/O AMERICAN TOWER CORP, 116 HUNTINGTON AVENUE, BOSTON MA 02116 |
| Eugene M Noel |
officer: EVP & President, U.S. Tower |
116 HUNTINGTON AVENUE, BOSTON MA 02116 |
| Robert D Hormats |
director |
85 BROAD STREET, NEW YORK NY 10004 |
| Rodney M Smith |
officer: EVP, CFO & Treasurer |
116 HUNTINGTON AVENUE, BOSTON MA 02116 |
| Raymond P Dolan |
director |
108 GOVERNOR DRIVE, BASKING RIDGE NJ 00924 |
| Samme L Thompson |
director |
C/O TELIT ASSOCIATES, INC., 333 NORTH MICHIGAN AVENUE, CHICAGO IL 60601 |
| Sanjay Goel |
officer: EVP & President, Asia-Pacific |
116 HUNTINGTON AVENUE, BOSTON MA 02116 |
| Ruth T Dowling |
officer: EVP, Chief Admin Ofr, GC & Sec |
116 HUNTINGTON AVENUE, BOSTON MA 02116 |
| Reeve Pamela D A |
director |
C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVE, BOSTON MA 02116 |
| Meyer Robert Joseph Jr |
officer: SVP & Chief Accounting Officer |
61 SCHOOL STREET, ARLINGTON MA 02476 |
| Edmund Disanto |
officer: EVP, Chief Admin Ofr, GC & Sec |
C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVENUE, 11TH FLOOR, BOSTON MA 02116 |
| Bruce L Tanner |
director |
214 N TRYON STREET, CHARLOTTE NC 28202 |
| Kelly C Chambliss |
director |
C/O CORESITE REALTY CORPORATION, 1001 17TH STREET, SUITE 500, DENVER CO 80202 |
| Teresa Hillary Clarke |
director |
2850 GOLF ROAD, ROLLING MEADOWS IL 60008 |
| David E Sharbutt |
director |
116 HUNTINGTON AVENUE, BOSTON MA 02116 |
American Tower (American Tower) Headlines
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