Sba Communications (SBAC) Debt Ratio (2009 - 2026)
Sba Communications' Debt Ratio came in at 1.08 for Q2 2026, down 6.7% from 1.16 a year earlier and down 2.0% from the prior quarter.
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Analysis
Sba Communications (SBAC) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Sba Communications' Debt Ratio was 1.11, down 6.4% from FY2024.
- Debt Ratio has declined in each of the last four years.
- Going back by year, Debt Ratio was 1.19 in FY2024 (-1.7%), 1.21 in FY2023 (-0.4%), 1.22 in FY2022 (-3.1%) and 1.26 in FY2021 (+3.6%).
- The Q2 2026 figure represents the lowest quarterly Debt Ratio since Q4 2019.
- Year-over-year, Debt Ratio has declined for eight consecutive quarters, with an average decline of 5.0% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q2 2024 (growth of 5.6%), and the weakest in Q2 2025 (a decline of 7.4%).
- Business Quant data shows SBAC's Debt Ratio at 1.11 (Q1 2026), 1.11 (Q4 2025) and 1.13 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 78.00 Bn | 77.74 Bn | 2.72 Bn | 0.59 |
| 2 | Digital Realty Trust | 65.33 Bn | 55.85 Bn | - | 0.29 |
| 3 | Crown Castle | 28.57 Bn | 27.31 Bn | 989.00 Mn | 0.85 |
| 4 | Sba Communications | 17.27 Bn | 17.36 Bn | 539.27 Mn | 1.08 |
| 5 | Lamar Advertising | 12.72 Bn | 12.54 Bn | 422.53 Mn | 0.50 |
| 6 | OUTFRONT Media | 4.93 Bn | 4.69 Bn | 276.40 Mn | 0.48 |
| 7 | Array Digital Infrastructure | 2.93 Bn | 1.83 Bn | 30.57 Mn | 0.20 |
| 8 | IHS Holding | 2.81 Bn | -54.39 Mn | 207.10 Mn | 0.71 |
| 9 | Fermi | 2.73 Bn | 1.87 Bn | - | 0.29 |
| 10 | Clear Channel Outdoor Holdings | 1.19 Bn | 478.09 Mn | 241.86 Mn | 1.36 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.08 |
| Mar 31, 2026 | 1.11 |
| Dec 31, 2025 | 1.11 |
| Sep 30, 2025 | 1.13 |
| Jun 30, 2025 | 1.16 |
| Mar 31, 2025 | 1.19 |
| Dec 31, 2024 | 1.19 |
| Sep 30, 2024 | 1.21 |
| Jun 30, 2024 | 1.25 |
| Mar 31, 2024 | 1.24 |
| Dec 31, 2023 | 1.21 |
| Sep 30, 2023 | 1.21 |
| Jun 30, 2023 | 1.19 |
| Mar 31, 2023 | 1.22 |
| Dec 31, 2022 | 1.22 |
| Sep 30, 2022 | 1.24 |
| Jun 30, 2022 | 1.25 |
| Mar 31, 2022 | 1.25 |
| Dec 31, 2021 | 1.26 |
| Sep 30, 2021 | 1.23 |
API Access
Sba Communications Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=SBAC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "SBAC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=SBAC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();