American Tower Balance Sheet Health
Financial Health criteria checks 1/6
American Tower has a total shareholder equity of $10.2B and total debt of $37.1B, which brings its debt-to-equity ratio to 363.8%. Its total assets and total liabilities are $62.8B and $52.6B respectively. American Tower's EBIT is $4.6B making its interest coverage ratio 3.6. It has cash and short-term investments of $2.2B.
Key information
363.8%
Debt to equity ratio
US$37.08b
Debt
| Interest coverage ratio | 3.6x |
| Cash | US$2.15b |
| Equity | US$10.19b |
| Total liabilities | US$52.62b |
| Total assets | US$62.82b |
Recent financial health updates
No updates
Recent updates
American Tower's Multiyear Underperformance Will Continue
Oct 21American Tower: 5G Reacceleration, But Volatility Comes First (Rating Upgrade)
Sep 19Say 'Night Night' With American Tower
Aug 17American Tower: The Perfect Exposure For Lower Interest Rates
Aug 09American Tower: An Undervalued 'Blackstone-Style' REIT
Jul 09American Tower Isn't Dead As The Tide Is Potentially Turning
Jun 06American Tower: Tower-Ing Returns
May 01American Tower: Buy-And-Hold Investors Should Be Euphoric About This Bargain
Apr 21American Tower: Don't Be Fooled By The Dividend Cut
Mar 25Growth Or Dividends? Get Both With American Tower
Mar 02American Tower Has Dividend Power
Feb 22American Tower: Mobile Trends Fueling Expansion But Not A Buy Yet
Feb 06American Tower: There's Still Time To Buy This Wonderful REIT
Jan 05American Tower Is Too Expensive
Dec 04American Tower: 2-Notch Upgrade From Sell To Buy
Nov 28Down 40% - 3.6%-Yielding American Tower Is A Deep-Value Opportunity
Nov 02American Tower: I Agree With Wall Street On This One
Oct 26The Towering Inferno: SBA Communications And American Tower Entering Buy-Zones
Sep 28It's The Best Time In History To Buy American Tower
Sep 202 Insanely Cheap REITs I Am Buying
Sep 06Crown Castle Vs. American Tower: Only One Deserves To Be Called King
Aug 27Who Else Is Doubling Down On Cell Tower REITs?
Aug 08American Tower: Too Depressed But Buyers' Redemption Is Likely Close
Jul 26From Towers To Cash Flow: American Tower's Winning Formula
Jun 25Buy American Tower For Income
May 24Skeptical American Tower would look to acquire Cellnex - analyst
Jan 23American Tower raised at Goldman as rates-driven slump creates buying opportunity
Jan 10American Tower: Ignore The Market's Signals
Dec 19Financial Position Analysis
Short Term Liabilities: AMT's short term assets ($3.4B) do not cover its short term liabilities ($7.1B).
Long Term Liabilities: AMT's short term assets ($3.4B) do not cover its long term liabilities ($45.6B).
Debt to Equity History and Analysis
Debt Level: AMT's net debt to equity ratio (342.7%) is considered high.
Reducing Debt: AMT's debt to equity ratio has increased from 336.8% to 363.8% over the past 5 years.
Debt Coverage: AMT's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: AMT's interest payments on its debt are well covered by EBIT (3.6x coverage).