SBAC (SBA Communications) Debt-to-Equity : -2.95 (As of Mar. 2025)

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What is SBA Communications Debt-to-Equity?

SBA Communications's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $1,039 Mil. SBA Communications's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $13,602 Mil. SBA Communications's Total Stockholders Equity for the quarter that ended in Mar. 2025 was $-4,971 Mil. SBA Communications's debt to equity for the quarter that ended in Mar. 2025 was -2.95.

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 SBA Communications's Debt-to-Equity or its related term are showing as below:

SBAC' s Debt-to-Equity Range Over the Past 10 Years
Min: -7.29 Med: -3 Max: -2.69
Current: -2.95

During the past 13 years, the highest Debt-to-Equity Ratio of SBA Communications was -2.69. The lowest was -7.29. And the median was -3.00.

SBAC's Debt-to-Equity is not ranked
in the REITs industry.
Industry Median: 0.78 vs SBAC: -2.95

SBA Communications Debt-to-Equity Historical Data

The historical data trend for SBA Communications'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.

* Premium members only.

SBA Communications Debt-to-Equity Chart

SBA Communications Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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-2.78

-2.75

-2.88

-2.80

-3.08

SBA Communications Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Debt-to-Equity	Get a 7-Day Free Trial															-2.76	-2.69	-2.81	-3.08	-2.95

Competitive Comparison of SBA Communications's Debt-to-Equity

For the REIT - Specialty subindustry, SBA Communications'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.

SBA Communications's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, SBA Communications's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where SBA Communications's Debt-to-Equity falls into.

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SBA Communications Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SBA Communications's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1448.93	+	14307.264)	/	-5109.938
	=	-3.08

SBA Communications's Debt to Equity Ratio for the quarter that ended in Mar. 2025 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1039.346	+	13601.786)	/	-4970.703
	=	-2.95

SBA Communications (NAS:SBAC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

SBA Communications Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of SBA Communications's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

SBA Communications Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SBA Communications Corp (NAS:SBAC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0KYZ:UK 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, which 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. It owns more than 17,000 towers in the US, which accounted for about 70% of the company's total revenue in 2023. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust.

Executives

Jack Langer	director	C/O SPANISH BROADCASTING SYSTEMS INC., 2601 SOUTH BAYSHORE DR, PENTHOUSE #2, COCONUT GROVE FL 33133
Joshua Koenig	officer: Executive VP/General Counsel	C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Mary S Chan	director	C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Mark R Ciarfella	officer: SVP ?? Operations	C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY NW, BOCA RATON FL 33487
Krouse George R Jr	director	C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY, NW, 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
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
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