SBAC (SBA Communications) Interest Expense: $-494 Mil (TTM As of Mar. 2026)

What is SBA Communications Interest Expense?

SBA Communications SBAC +2.10% 83 Interest Expense is $-494 Mil as of Mar. 2026. GuruFocus rates SBAC with a GF Score™ of 83/100 and a GF Value™ of $233.21 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SBA Communications's interest expense for the three months ended in Mar. 2026 was $ -129 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was $-494 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. SBA Communications's Operating Income for the three months ended in Mar. 2026 was $ 380 Mil. SBA Communications's Interest Expense for the three months ended in Mar. 2026 was $ -129 Mil. SBA Communications's Interest Coverage for the quarter that ended in Mar. 2026 was 2.94. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

SBA Communications (NAS:SBAC) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

SBA Communications's Interest Expense for the three months ended in Mar. 2026 was $-129 Mil. Its Operating Income for the three months ended in Mar. 2026 was $380 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was $12,428 Mil.

SBA Communications's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2026 )	/	Interest Expense (Q: Mar. 2026 )
	=	-1	*	380.238	/	-129.301
	=	2.94

* 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.

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. SBA Communications Corp interest coverage is 3.15, which is low.

SBA Communications Interest Expense Historical Data

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The historical data trend for SBA Communications's Interest Expense can be seen below:

SBA Communications Interest Expense Chart

SBA Communications Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Interest Expense

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-400.00

-399.89

-436.24

-427.44

-476.77

SBA Communications Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Interest Expense	Get a 7-Day Free Trial															-112.50	-120.89	-120.72	-122.66	-129.30

83GF Score

SBA Communications Corp SBAC

Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.

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SBA Communications Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-494 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of $-494 Mil mean?

SBA Communications (SBAC) has a Interest Expense of $-494 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on SBA Communications and its competitors.

Is SBA Communications' Interest Expense too high?

SBA Communications' current Interest Expense is $-494 Mil. Overall, SBA Communications has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does SBA Communications' Interest Expense compare to WY and LAMR?

SBA Communications' Interest Expense of $-494 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Interest Expense for a REITs company?

A good Interest Expense depends on the REITs industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on SBA Communications and its competitors. SBA Communications's current Interest Expense is $-494 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is SBA Communications stock overvalued right now?

Based on GuruFocus' analysis, SBA Communications (SBAC) is currently considered Modestly Undervalued. The stock's GF Value™ is $233.21, compared to a current price of $184.71 — trading 20.8% below its estimated fair value. The current Interest Expense is $-494 Mil. SBA Communications' overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For SBA Communications (SBAC), the current Interest Expense is $-494 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SBA Communications (SBAC) Overvalued in 2026?

Based on GuruFocus' analysis, SBA Communications stock appears to be undervalued. The current stock price of $184.71 is trading 20.8% below its estimated GF Value™ of $233.21. GuruFocus considers SBA Communications to be Modestly Undervalued.

Key valuation signals for SBAC:

Interest Expense: $-494 Mil
GF Value™: $233.21 vs. price of $184.71 (20.8% below fair value)
GF Score™: 83/100 with 5 warning signs

No single metric tells the full story. See the SBAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SBA Communications Business Description

Industry Real Estate REITs

Comparable Companies WY LAMR GLPI RYN FRMI OUT EPR CCI UNIT BXDC EQIX AMT DLR IRM BSP:ZIFI11 MEX:EDUCA18 BOM:543385 XBRU:SHUR XTAE:KSTN ASX:WPR

Other Exchanges 0KYZ:UK 4SB:Germany

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

Website https://www.sbasite.com

SBA Communications owns a portfolio of about 46,000 wireless towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market generated by the top three or four mobile carriers. It owns more than 17,000 towers in the US, which account for about 70% of leasing revenue. Internationally, SBA's largest markets are Brazil and Guatemala, where it owns roughly 12,000 and 5,000 towers, respectively. SBA operates as a real estate investment trust.

83GF Score

Get the complete analysis for SBAC

Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$184.71

Price

$233.21

GF Value

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