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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:
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.
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.
American Tower Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 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 | 10.33 | 11.23 | 11.82 | 12.29 | 12.30 |
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.
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.
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
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (3982.1 | + | 43172.7) | / | 4198.2 | |
= | 11.23 |
American Tower's Debt to Equity Ratio for the quarter that ended in Sep. 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 | |
= | (4330.3 | + | 40451) | / | 3641.7 | |
= | 12.30 |
* 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.
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.
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 |
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