Crown Castle (BSP:C1CI34) Debt-to-Equity : 4.82 (As of Mar. 2024)

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What is Crown Castle Debt-to-Equity?

Crown Castle's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$5,811 Mil. Crown Castle's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$139,220 Mil. Crown Castle's Total Stockholders Equity for the quarter that ended in Mar. 2024 was R$30,118 Mil. Crown Castle's debt to equity for the quarter that ended in Mar. 2024 was 4.82.

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 Crown Castle's Debt-to-Equity or its related term are showing as below:

BSP:C1CI34' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.2 Med: 1.98 Max: 4.82
Current: 4.82

During the past 13 years, the highest Debt-to-Equity Ratio of Crown Castle was 4.82. The lowest was 1.20. And the median was 1.98.

BSP:C1CI34's Debt-to-Equity is ranked worse than
96.42% of 671 companies
in the REITs industry
Industry Median: 0.78 vs BSP:C1CI34: 4.82

Crown Castle Debt-to-Equity Historical Data

The historical data trend for Crown Castle'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.

Crown Castle Debt-to-Equity Chart

Crown Castle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.28

2.69

3.27

3.75

4.52

Crown Castle Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															3.95	4.05	4.31	4.52	4.82

Competitive Comparison of Crown Castle's Debt-to-Equity

For the REIT - Specialty subindustry, Crown Castle'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.

Crown Castle's Debt-to-Equity Distribution in the REITs Industry

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

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

Crown Castle Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Crown Castle's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 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
	=	(5718.067	+	135464.771)	/	31265.624
	=	4.52

Crown Castle's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(5811.427	+	139220.269)	/	30117.83
	=	4.82

Crown Castle (BSP:C1CI34) 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.

Crown Castle Debt-to-Equity Related Terms

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

Crown Castle (BSP:C1CI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crown Castle Inc (BSP:C1CI34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CCI:USA 8CW:Germany

Address

8020 Katy Freeway, Houston, TX, USA, 77024-1908

Website

https://www.crowncastle.com

Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.

Crown Castle (BSP:C1CI34) Headlines

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