American Tower (WBO:AMTG) Interest Expense : €-1,317 Mil (TTM As of Mar. 2024)

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What is American Tower Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. American Tower's interest expense for the three months ended in Mar. 2024 was € -337 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-1,317 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. American Tower's Operating Income for the three months ended in Mar. 2024 was € 1,138 Mil. American Tower's Interest Expense for the three months ended in Mar. 2024 was € -337 Mil. American Tower's Interest Coverage for the quarter that ended in Mar. 2024 was 3.37. 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.

American Tower Interest Expense Historical Data

The historical data trend for American Tower's Interest Expense 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.

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American Tower Interest Expense Chart

American Tower Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-732.78

-652.26

-770.75

-1,072.86

-1,282.15

American Tower Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-317.75	-321.30	-336.57	-321.59	-337.36

American Tower 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1,317 Mil.

American Tower (WBO:AMTG) 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.

American Tower's Interest Expense for the three months ended in Mar. 2024 was €-337 Mil. Its Operating Income for the three months ended in Mar. 2024 was €1,138 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €40,534 Mil.

American Tower's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1137.672	/	-337.364
	=	3.37

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. American Tower Corp interest coverage is 2.97, which is low.

American Tower (WBO:AMTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » American Tower Corp (WBO:AMTG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AMT:USA AMT:Mexico 1AMT:Italy A0T:Germany A0T:Germany T1OW34:Brazil

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 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.

American Tower (WBO:AMTG) Headlines

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