AMTPRA.PFD (American Tower) Debt-to-EBITDA : 7.88 (As of Sep. 2024)

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What is American Tower Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

American Tower's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $4,330.30 Mil. American Tower's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $40,451.00 Mil. American Tower's annualized EBITDA for the quarter that ended in Sep. 2024 was $5,680.40 Mil. American Tower's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 7.88.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for American Tower's Debt-to-EBITDA or its related term are showing as below:

AMTPRA.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.17 Med: 6.6 Max: 8.62
Current: 6.9

During the past 13 years, the highest Debt-to-EBITDA Ratio of American Tower was 8.62. The lowest was 5.17. And the median was 6.60.

AMTPRA.PFD's Debt-to-EBITDA is ranked better than
53.58% of 573 companies
in the REITs industry
Industry Median: 7.36 vs AMTPRA.PFD: 6.90

American Tower Debt-to-EBITDA Historical Data

The historical data trend for American Tower's Debt-to-EBITDA 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.

American Tower Debt-to-EBITDA Chart

American Tower Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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6.89

8.16

8.62

7.57

7.85

American Tower Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-EBITDA	Get a 7-Day Free Trial															6.02	10.13	6.14	6.06	7.88

Competitive Comparison of American Tower's Debt-to-EBITDA

For the REIT - Specialty subindustry, American Tower's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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's Debt-to-EBITDA Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Tower's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where American Tower's Debt-to-EBITDA falls into.

American Tower Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

American Tower's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(3982.1	+	43172.7)	/	6006
	=	7.85

American Tower's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(4330.3	+	40451)	/	5680.4
	=	7.88

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Sep. 2024) EBITDA data.

American Tower (NYSE:AMTPRA.PFD) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

American Tower Debt-to-EBITDA Related Terms

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

American Tower Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » American Tower Corp (NYSE:AMTPRA.PFD) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

AMT:USA AMT:Mexico 1AMT:Italy 0HEU:UK A0T:Germany A0T:Germany T1OW34:Brazil AMTG:Austria

Address

116 Huntington Avenue, 11th Floor, Boston, MA, USA, 02116

Website

https://www.americantower.com

American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us 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 us, which accounted for almost half of the company's total revenue in 2023. Outside the us, 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 a REIT.