SBA Communications Balance Sheet Health
Financial Health criteria checks 1/6
SBA Communications has a total shareholder equity of $-5.3B and total debt of $12.3B, which brings its debt-to-equity ratio to -232.8%. Its total assets and total liabilities are $9.8B and $15.1B respectively. SBA Communications's EBIT is $1.3B making its interest coverage ratio 3.1. It has cash and short-term investments of $220.5M.
Key information
-232.8%
Debt to equity ratio
US$12.28b
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$220.51m |
| Equity | -US$5.28b |
| Total liabilities | US$15.06b |
| Total assets | US$9.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SBAC * has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SBAC * has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SBAC * has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SBAC *'s has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: SBAC *'s debt is not well covered by operating cash flow (11.9%).
Interest Coverage: SBAC *'s interest payments on its debt are well covered by EBIT (3.1x coverage).