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AMT (American Tower) Debt-to-Equity : 12.30 (As of Sep. 2024)


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What is American Tower Debt-to-Equity?

American Tower's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $4,330 Mil. American Tower's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $40,451 Mil. American Tower's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $3,642 Mil. American Tower's debt to equity for the quarter that ended in Sep. 2024 was 12.30.

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 American Tower's Debt-to-Equity or its related term are showing as below:

AMT' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.14   Med: 5.78   Max: 12.3
Current: 12.3

During the past 13 years, the highest Debt-to-Equity Ratio of American Tower was 12.30. The lowest was 2.14. And the median was 5.78.

AMT's Debt-to-Equity is ranked worse than
99.29% of 708 companies
in the REITs industry
Industry Median: 0.78 vs AMT: 12.30

American Tower Debt-to-Equity Historical Data

The historical data trend for American Tower'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.

American Tower Debt-to-Equity Chart

American Tower Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.14 8.97 10.24 8.44 11.23

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-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.33 11.23 11.82 12.29 12.30

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

For the REIT - Specialty subindustry, American Tower'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.


American Tower's Debt-to-Equity Distribution in the REITs Industry

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

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



American Tower Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

American Tower's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


American Tower  (NYSE:AMT) 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.


American Tower Debt-to-Equity Related Terms

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


American Tower Business Description

Address
116 Huntington Avenue, 11th Floor, Boston, MA, USA, 02116
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.
Executives
Sanjay Goel officer: EVP & President, Asia-Pacific 116 HUNTINGTON AVENUE, BOSTON MA 02116
Eugene M Noel officer: EVP & President, U.S. Tower 116 HUNTINGTON AVENUE, BOSTON MA 02116
Olivier Puech officer: EVP & President, LatAm & EMEA 116 HUNTINGTON AVENUE, BOSTON MA 02116
Steven O Vondran officer: EVP & President, U.S. Tower 116 HUNTINGTON AVENUE, BOSTON MA 02116
Meyer Robert Joseph Jr officer: SVP & Chief Accounting Officer 61 SCHOOL STREET, ARLINGTON MA 02476
Robert D Hormats director 85 BROAD STREET, NEW YORK NY 10004
Rodney M Smith officer: EVP, CFO & Treasurer 116 HUNTINGTON AVENUE, BOSTON MA 02116
Reeve Pamela D A director C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVE, BOSTON MA 02116
Samme L Thompson director C/O TELIT ASSOCIATES, INC., 333 NORTH MICHIGAN AVENUE, CHICAGO IL 60601
Joann A Reed director C/O AMERICAN TOWER CORP, 116 HUNTINGTON AVENUE, BOSTON MA 02116
Raymond P Dolan director 108 GOVERNOR DRIVE, BASKING RIDGE NJ 00924
Ruth T Dowling officer: EVP, Chief Admin Ofr, GC & Sec 116 HUNTINGTON AVENUE, BOSTON MA 02116
Edmund Disanto officer: EVP, Chief Admin Ofr, GC & Sec C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVENUE, 11TH FLOOR, BOSTON MA 02116
Bruce L Tanner director 214 N TRYON STREET, CHARLOTTE NC 28202
Kelly C Chambliss director C/O CORESITE REALTY CORPORATION, 1001 17TH STREET, SUITE 500, DENVER CO 80202