SBA Communications Corporation logo
SBA Communications Corporation SBAC
$ 192.72 0.55%

Quarterly report 2025-Q3
added 11-06-2025

report update icon

SBA Communications Corporation Balance Sheet 2011-2025 | SBAC

Annual Balance Sheet SBA Communications Corporation

2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

12.5 B 11.7 B 13 B 12 B 10.8 B 10.2 B 9.8 B 9.24 B 8.63 B 8.42 B 7.82 B 5.75 B 5.12 B 3.31 B

Long Term Debt

12.4 B 11.7 B 12.8 B 12.3 B 11.1 B 9.81 B 9 B 9.29 B 8.15 B 8.52 B 7.83 B 5.39 B 4.88 B 3.35 B

Long Term Debt Current

260 M 272 M 260 M 24 M 235 M 246 M 942 M 20 M 627 M 20 M 32.5 M 482 M 475 M 5 M

Total Non Current Liabilities

14.7 B 14 B 15.1 B 14.5 B 13.4 B 12.4 B 9.38 B 9.64 B 8.48 B 8.84 B 8.17 B 5.68 B 5.08 B 3.48 B

Total Current Liabilities

1.8 B 1.36 B 697 M 616 M 615 M 1.05 B 1.21 B 279 M 873 M 273 M 331 M 748 M 864 M 127 M

Total Liabilities

- - - - 14 B 13.4 B 10.6 B 9.92 B 9.36 B 9.11 B 8.5 B 6.43 B 5.94 B 3.61 B

Deferred Revenue

127 M 236 M 155 M 184 M 113 M 114 M 108 M 98 M 101 M 97.1 M 120 M 94.7 M 76.7 M 49.8 M

Retained Earnings

-7.33 B -7.45 B -7.48 B -7.2 B -6.6 B -5.56 B -5.14 B -4.39 B -3.64 B -3.17 B -2.54 B -2.52 B -2.46 B -2.28 B

Total Assets

11.4 B 10.2 B 10.6 B 9.8 B 9.16 B 9.76 B 7.21 B 7.32 B 7.36 B 7.4 B 7.84 B 6.78 B 6.6 B 3.61 B

Cash and Cash Equivalents

190 M 209 M 144 M 367 M 309 M 108 M 143 M 68.8 M 146 M 118 M 39.4 M 122 M 233 M 47.3 M

Book Value

11.4 B 10.2 B 10.6 B 9.8 B -4.82 B -3.67 B -3.38 B -2.6 B -2 B -1.71 B -661 M 357 M 653 M 751 K

Total Shareholders Equity

-5.11 B -5.17 B -5.28 B -5.28 B -4.82 B -3.67 B -3.38 B -2.6 B -2 B -1.71 B -661 M 357 M 653 M -11.3 M

All numbers in USD currency

Quarterly Balance Sheet SBA Communications Corporation

2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

11.9 B 11.7 B 11.7 B 12.4 B 12.3 B 10.5 B 10.6 B 11.7 B 12.5 B 12.6 B - 12.8 B 11.7 B - 12 B 12.3 B 11.8 B 11.9 B 12 B 11.1 B 11.1 B 11.1 B 11.1 B 9.81 B 9.81 B 9.81 B 9.81 B 9 B 9 B 9 B 9 B 9.29 B 9.29 B 9.29 B 9.29 B 8.15 B 8.15 B 8.15 B 8.15 B 8.43 B 8.43 B 8.43 B 8.43 B 7.83 B 7.83 B 7.83 B 7.83 B 5.39 B 5.39 B 5.39 B 5.39 B 4.88 B 4.88 B 4.88 B 4.88 B 3.35 B 3.35 B 3.35 B 3.35 B

Total Non Current Liabilities

14.5 B 14.2 B 14 B 14.7 B 14.7 B 12.6 B 12.8 B 14 B 14.8 B 14.9 B - 15.1 B 13.9 B - 14.3 B 14.5 B 14 B 14.2 B 14.2 B 13.4 B 13.4 B 13.4 B 13.4 B 12.4 B 12.4 B 12.4 B 12.4 B 9.38 B 9.38 B 9.38 B 9.38 B 9.64 B 9.64 B 9.64 B 9.64 B 8.48 B 8.48 B 8.48 B 8.48 B 8.75 B 8.75 B 8.75 B 8.75 B 8.17 B 8.17 B 8.17 B 8.17 B 5.68 B 5.68 B 5.68 B 5.68 B 5.09 B 5.07 B 5.07 B 5.07 B 3.48 B 3.48 B 3.48 B 3.48 B

Deferred Revenue

132 M 125 M 110 M 127 M 184 M 191 M 161 M 236 M 176 M 230 M - 155 M 217 M - 196 M 184 M 184 M 177 M 174 M 113 M 113 M 113 M 113 M 114 M 114 M 114 M 114 M 108 M 108 M 108 M 108 M 98 M 98 M 98 M 98 M 101 M 101 M 101 M 101 M 97.1 M 97.1 M 97.1 M 97.1 M 120 M 120 M 120 M 120 M 94.7 M 94.7 M 94.7 M 94.7 M 76.7 M 76.7 M 76.7 M 76.7 M 49.8 M 49.8 M 49.8 M 49.8 M

Retained Earnings

-7.28 B -7.25 B -7.23 B -7.33 B -7.39 B -7.55 B -7.51 B -7.45 B -7.42 B -7.36 B - -7.48 B -7.51 B - -7.52 B -7.2 B -6.89 B -6.76 B -6.85 B -6.6 B -6.6 B -6.6 B -6.6 B -5.56 B -5.56 B -5.56 B -5.56 B -5.14 B -5.14 B -5.14 B -5.14 B -4.39 B -4.39 B -4.39 B -4.39 B -3.64 B -3.64 B -3.64 B -3.64 B -3.17 B -3.17 B -3.17 B -3.17 B -2.54 B -2.54 B -2.54 B -2.54 B -2.52 B -2.52 B -2.52 B -2.52 B -2.46 B -2.46 B -2.46 B -2.46 B -2.28 B -2.28 B -2.28 B -2.28 B

Total Assets

11.3 B 10.8 B 10.4 B 11.4 B 10.2 B 9.79 B 10 B 10.2 B 10.3 B 10.6 B - 10.6 B 9.95 B - 10.1 B 9.8 B 9.67 B 9.96 B 9.76 B 9.16 B 9.16 B 9.16 B 9.16 B 9.76 B 9.76 B 9.76 B 9.76 B 7.21 B 7.21 B 7.21 B 7.21 B 7.32 B 7.32 B 7.32 B 7.32 B 7.36 B 7.36 B 7.36 B 7.36 B 7.31 B 7.31 B 7.31 B 7.31 B 7.84 B 7.84 B 7.84 B 7.84 B 6.78 B 6.78 B 6.78 B 6.78 B 6.62 B 6.6 B 6.6 B 6.6 B 3.61 B 3.61 B 3.61 B 3.61 B

Cash and Cash Equivalents

430 M 275 M 636 M 190 M 251 M 283 M 264 M 209 M 232 M 256 M 193 M 144 M 280 M 251 M 264 M 367 M 254 M 274 M 177 M 309 M 309 M 309 M 309 M 108 M 108 M 108 M 108 M 143 M 143 M 143 M 143 M 68.8 M 68.8 M 68.8 M 68.8 M 146 M 146 M 146 M 146 M 118 M 118 M 118 M 118 M 39.4 M 39.4 M 39.4 M 39.4 M 122 M 122 M 122 M 122 M 233 M 233 M 233 M 233 M 47.3 M 47.3 M 47.3 M 47.3 M

Book Value

11.3 B 10.8 B 10.4 B 11.4 B 10.2 B 9.79 B 10 B 10.2 B 10.3 B 10.6 B - 10.6 B 9.95 B - 10.1 B 9.8 B 9.67 B 9.96 B 9.76 B 9.16 B 9.16 B 9.16 B 9.16 B 9.76 B 9.76 B 9.76 B 9.76 B 7.21 B 7.21 B 7.21 B 7.21 B 7.32 B 7.32 B 7.32 B 7.32 B 7.36 B 7.36 B 7.36 B 7.36 B 7.31 B 7.31 B 7.31 B 7.31 B 7.84 B 7.84 B 7.84 B 7.84 B 6.78 B 6.78 B 6.78 B 6.78 B 6.62 B 6.6 B 6.6 B 6.6 B 3.61 B 3.61 B 3.61 B 3.61 B

Total Shareholders Equity

-4.93 B -4.94 B -4.97 B -5.11 B -5.17 B -5.32 B -5.22 B -5.17 B -5.17 B -5.09 B -5.27 B -5.28 B -5.36 B -5.44 B -5.43 B -5.28 B -4.96 B -4.84 B -5.05 B -4.82 B -4.82 B -4.82 B -4.82 B -3.67 B -3.67 B -3.67 B -3.67 B -3.38 B -3.38 B -3.38 B -3.38 B -2.6 B -2.6 B -2.6 B -2.6 B -2 B -2 B -2 B -2 B -1.71 B -1.71 B -1.71 B -1.71 B -661 M -661 M -661 M -661 M 357 M 357 M 357 M 357 M 653 M 653 M 653 M 653 M -11.3 M -11.3 M -11.3 M -11.3 M

All numbers in USD currency

Balance Sheet is a fundamental financial report of SBA Communications Corporation, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

Balance sheet of other industry stocks – Reit

Issuer Price % 24h Market Cap Country
MGM Growth Properties LLC MGM Growth Properties LLC
MGP
- - $ 6.53 B usaUSA
Equinix (REIT) Equinix (REIT)
EQIX
$ 758.83 1.13 % $ 72.4 B usaUSA
Apartment Income REIT Corp. Apartment Income REIT Corp.
AIRC
- - $ 5.46 B usaUSA
Gaming and Leisure Properties Gaming and Leisure Properties
GLPI
$ 44.06 1.31 % $ 12 B usaUSA
CyrusOne Inc. CyrusOne Inc.
CONE
- 0.58 % $ 11.7 B usaUSA
Duck Creek Technologies Duck Creek Technologies
DCT
- - $ 2.6 B usaUSA
Ares Commercial Real Estate Corporation Ares Commercial Real Estate Corporation
ACRE
$ 5.47 4.89 % $ 232 M usaUSA
Hannon Armstrong Sustainable Infrastructure Capital Hannon Armstrong Sustainable Infrastructure Capital
HASI
$ 32.75 -0.41 % $ 3.78 B usaUSA
Crown Castle International Corp. (REIT) Crown Castle International Corp. (REIT)
CCI
$ 89.34 -0.59 % $ 38.8 B usaUSA
Farmland Partners Farmland Partners
FPI
$ 10.13 0.35 % $ 474 M usaUSA
Invesco Mortgage Capital Invesco Mortgage Capital
IVR
$ 8.22 1.73 % $ 442 M usaUSA
Iron Mountain Incorporated Iron Mountain Incorporated
IRM
$ 82.44 0.01 % $ 24.2 B usaUSA
NETSTREIT Corp. NETSTREIT Corp.
NTST
$ 17.43 -1.19 % $ 1.33 B usaUSA
New York City REIT New York City REIT
NYC
$ 8.2 12.87 % $ 18.3 M usaUSA
American Tower Corporation (REIT) American Tower Corporation (REIT)
AMT
$ 179.6 -0.56 % $ 83.9 B usaUSA
Broadstone Net Lease Broadstone Net Lease
BNL
$ 17.8 0.74 % $ 3.34 B usaUSA
CoreCivic CoreCivic
CXW
$ 19.04 0.69 % $ 2.11 B usaUSA
Outfront Media  (REIT) Outfront Media (REIT)
OUT
$ 23.28 -0.6 % $ 3.77 B usaUSA
Lamar Advertising Company (REIT) Lamar Advertising Company (REIT)
LAMR
$ 126.47 -1.2 % $ 12.9 B usaUSA
Power REIT Power REIT
PW
$ 0.9 -10.15 % $ 3.05 M usaUSA
Uniti Group Uniti Group
UNIT
$ 7.57 1.54 % $ 1.8 B usaUSA
PotlatchDeltic Corporation PotlatchDeltic Corporation
PCH
$ 40.4 1.43 % $ 3.2 B usaUSA
Rayonier Rayonier
RYN
$ 22.02 0.75 % $ 3.28 B usaUSA
Weyerhaeuser Company Weyerhaeuser Company
WY
$ 23.36 -0.19 % $ 17 B usaUSA