Crown Castle (BSP:C1CI34) LT-Debt-to-Total-Asset : 0.73 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Crown Castle LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Crown Castle's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.73.

Crown Castle's long-term debt to total assets ratio increased from Mar. 2023 (0.70) to Mar. 2024 (0.73). It may suggest that Crown Castle is progressively becoming more dependent on debt to grow their business.

Crown Castle LT-Debt-to-Total-Asset Historical Data

The historical data trend for Crown Castle's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Crown Castle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.61

0.64

0.68

0.69

0.72

Crown Castle Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.70	0.70	0.71	0.72	0.73

Crown Castle LT-Debt-to-Total-Asset Calculation

Crown Castle's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	135464.771	/	188774.595
	=	0.72

Crown Castle's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	139220.269	/	190382.734
	=	0.73

Crown Castle (BSP:C1CI34) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Crown Castle LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Crown Castle's LT-Debt-to-Total-Asset 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 » LT-Debt-to-Total-Asset

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

No Headlines