SBA Communications Balance Sheet
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
SBA Communications financial position
At the end of fiscal 2025, SBA Communications reported total assets of $11.58 billion, up 1.4% from a year earlier against total liabilities of $16.43 billion. Shareholders' equity was negative at -$4.85 billion, meaning liabilities exceed assets; this is often the result of large share buybacks or accumulated losses. The company held $264.6 million in cash and equivalents against $12.90 billion of debt, a net debt position of $12.64 billion.
The current ratio (current assets divided by current liabilities) was 0.29, meaning short-term obligations exceed short-term assets.
Summary generated from market data by MetaCap's automated system. Methodology
SBA Communications balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 264.57M | 189.84M | 208.55M | 143.71M | 367.28M | 308.56M | 108.31M | 143.44M | 68.78M | 146.11M |
| Short-Term Investments | 6.65M | 254.53M | 1.05M | 1.33M | 778.00K | 700.00K | 500.00K | 239.00K | — | 223.00K |
| Receivables | 171.26M | 145.69M | 182.75M | 184.37M | 101.95M | 74.09M | 132.13M | 111.03M | 90.67M | 78.34M |
| Total Current Assets | 773.43M | 1.98B | 484.27M | 482.73M | 614.45M | 472.99M | 334.27M | 373.85M | 259.53M | 324.57M |
| Property, Plant & Equipment | 3.40B | 2.79B | 2.71B | 2.71B | 2.58B | 2.68B | 2.79B | 2.79B | 2.81B | 2.79B |
| Intangible Assets | 2.88B | 2.39B | 2.46B | 2.78B | 2.80B | 3.16B | 3.63B | 3.33B | 3.60B | 3.66B |
| Long-Term Investments | 21.05M | 20.78M | 24.54M | 40.70M | 47.90M | 57.60M | 13.30M | — | — | 7.88M |
| Total Assets | 11.58B | 11.42B | 10.18B | 10.59B | 9.80B | 9.16B | 9.76B | 7.21B | 7.32B | 7.36B |
| Accounts Payable | 73.03M | 59.55M | 42.20M | 51.43M | 34.07M | 109.97M | 31.85M | 34.31M | 33.33M | 28.32M |
| Short-Term Debt | 1.94B | 1.19B | 643.14M | 24.00M | 24.00M | 24.00M | 522.09M | 941.73M | 20.00M | 627.16M |
| Total Current Liabilities | 2.68B | 1.80B | 1.36B | 696.76M | 616.33M | 614.80M | 1.05B | 1.21B | 278.90M | 873.45M |
| Long-Term Debt | 10.96B | 12.40B | 11.68B | 12.84B | 12.28B | 11.07B | 9.81B | 9.00B | 9.29B | 8.15B |
| Total Liabilities | 16.43B | 16.53B | 15.35B | 15.86B | 15.09B | 13.98B | 13.43B | 10.59B | 9.92B | 9.36B |
| Shareholders' Equity | -4.85B | -5.11B | -5.17B | -5.28B | -5.28B | -4.82B | -3.67B | -3.38B | -2.60B | -2.00B |
| Retained Earnings | -7.25B | -7.33B | -7.45B | -7.48B | -7.20B | -6.60B | -5.56B | -5.14B | -4.39B | -3.64B |
| Total Debt | 12.90B | 13.59B | 12.32B | 12.87B | 12.30B | 11.10B | 10.33B | 9.94B | 9.31B | 8.78B |
| Net Cash (Debt) | -12.63B | -13.15B | -12.11B | -12.72B | -11.93B | -10.79B | -10.23B | -9.79B | -9.24B | -8.63B |
| Shares Outstanding | 105.67M | 107.56M | 108.05M | 108.00M | 108.96M | 109.82M | 111.78M | 112.43M | 116.45M | — |
This table shows 10 annual periods of SBA Communications's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow SBAC's reporting calendar. What is a balance sheet?