SBA Communications Corporation

SBA Communications Corporationverified

SBAC

Price:

$245.905

Market Cap:

$26.43B

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By “Building Better Wireless,” SBA generates revenue from two primary businesses – site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.[Read more]

Industry

REIT - Specialty

IPO Date

1999-06-16

Stock Exchange

NASDAQ

Ticker

SBAC

The Current Ratio as of September 2024 (TTM) for SBA Communications Corporation (SBAC) is 0.19

According to SBA Communications Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.19. This represents a change of -47.37% compared to the average of 0.36 of the last 4 quarters.

SBA Communications Corporation (SBAC) Historical Current Ratio (quarterly & annually)

How has SBAC Current Ratio performed in the past?

The mean historical Current Ratio of SBA Communications Corporation over the last ten years is 0.68. The current 0.19 Current Ratio has changed 2.65% with respect to the historical average. Over the past ten years (40 quarters), SBAC's Current Ratio was at its highest in in the March 2017 quarter at 1.32. The Current Ratio was at its lowest in in the March 2024 quarter at 0.19.

Quarterly (TTM)
Annual

Average

0.68

Median

0.73

Minimum

0.31

Maximum

1.08

SBA Communications Corporation (SBAC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of SBA Communications Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 150.42%

Maximum Annual Current Ratio = 1.08

Minimum Annual Increase = -66.69%

Minimum Annual Current Ratio = 0.31

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.36-48.73%
20220.69-30.51%
20211.0029.58%
20200.77141.27%
20190.322.89%
20180.31-66.69%
20170.93150.42%
20160.37-65.44%
20151.088.90%
20140.99114.83%

SBA Communications Corporation (SBAC) Average Current Ratio

How has SBAC Current Ratio performed in the past?

The current Current Ratio of SBA Communications Corporation (SBAC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.68

5-year avg

0.63

10-year avg

0.68

SBA Communications Corporation (SBAC) Current Ratio vs. Peers

How is SBAC’s Current Ratio compared to its peers?

SBA Communications Corporation’s Current Ratio is less than American Tower Corporation (0.60), less than Digital Realty Trust, Inc. (0.83), less than Equinix, Inc. (1.22), less than Iron Mountain Incorporated (0.79), less than Crown Castle Inc. (0.43), less than Hannon Armstrong Sustainable Infrastructure Capital, Inc. (8.92),

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