73/100B190.910
USD
1.13
(0.60%)
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Last updated: · Delayed 15 min
Fair value245.98Plus-22%157Price 190.91397
Q4 FY2026 · Earnings report
EPS estimate 1.63Revenue estimate 2.78B
Q4 FY2026 · Earnings report
EPS estimate 1.63Revenue estimate 2.78B
American Tower total debt 1997–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
American Tower's total debt was 45.29B USD on 30 September 2026, up 0.6% on a year before. At the end of fiscal year 2025 it was 44.96B USD.
Last updated 7 Nov 2026 · Next report 23 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 45.29B | +0.63% | 1.87B | -43.42B | 12.88 |
| FY2025 | 31 Dec 2025 | 44.96B | +2.30% | 1.47B | -43.49B | 12.31 |
| FY2024 | 31 Dec 2024 | 43.95B | -5.08% | 2.00B | -41.95B | 13.00 |
| FY2023 | 31 Dec 2023 | 46.31B | -1.58% | 1.75B | -44.55B | 11.03 |
| FY2022 | 31 Dec 2022 | 47.05B | -9.53% | 2.03B | -45.02B | 8.44 |
| FY2021 | 31 Dec 2021 | 52.01B | +41.67% | 1.95B | -50.06B | 10.24 |
| FY2020 | 31 Dec 2020 | 36.71B | +18.20% | 1.75B | -34.97B | 8.97 |
| FY2019 | 31 Dec 2019 | 31.06B | +46.79% | 1.50B | -29.56B | 6.14 |
| FY2018 | 31 Dec 2018 | 21.16B | +4.73% | 1.21B | -19.95B | 3.97 |
| FY2017 | 31 Dec 2017 | 20.21B | +9.02% | 803.10M | -19.40B | 3.24 |
| FY2016 | 31 Dec 2016 | 18.53B | +8.26% | 791.19M | -17.74B | 2.74 |
| FY2015 | 31 Dec 2015 | 17.12B | +17.18% | 320.69M | -16.80B | 2.57 |
| FY2014 | 31 Dec 2014 | 14.61B | +0.90% | 319.79M | -14.29B | 3.70 |
| FY2013 | 31 Dec 2013 | 14.48B | +65.40% | 312.19M | -14.17B | 4.10 |
| FY2012 | 31 Dec 2012 | 8.75B | +20.96% | 374.64M | -8.38B | 2.45 |
| FY2011 | 31 Dec 2011 | 7.24B | +29.51% | 352.46M | -6.88B | 2.20 |
| FY2010 | 31 Dec 2010 | 5.59B | +32.67% | 930.39M | -4.66B | 1.60 |
| FY2009 | 31 Dec 2009 | 4.21B | -2.81% | 257.07M | -3.95B | 1.27 |
| FY2008 | 31 Dec 2008 | 4.33B | +1.12% | 145.11M | -4.19B | 1.45 |
| FY2007 | 31 Dec 2007 | 4.29B | +1,587.74% | 40.35M | -4.24B | 1.42 |
| FY2006 | 31 Dec 2006 | 253.91M | -92.97% | 304.25M | 50.34M | 0.06 |
| FY2005 | 31 Dec 2005 | 3.61B | +9.71% | 112.70M | -3.50B | 0.80 |
| FY2004 | 31 Dec 2004 | 3.29B | -2.01% | 215.56M | -3.08B | 2.24 |
| FY2003 | 31 Dec 2003 | 3.36B | -2.99% | 105.47M | -3.26B | 1.96 |
| FY2002 | 31 Dec 2002 | 3.46B | -2.73% | 127.29M | -3.34B | 1.99 |
| FY2001 | 31 Dec 2001 | 3.56B | +44.31% | 35.96M | -3.53B | 1.24 |
| FY2000 | 31 Dec 2000 | 2.47B | +233.17% | 82.04M | -2.39B | 0.86 |
| FY1999 | 31 Dec 1999 | 740.82M | +163.52% | 25.21M | -715.61M | 0.35 |
| FY1998 | 31 Dec 1998 | 281.13M | +211.75% | 186.18M | -94.95M | 0.26 |
| FY1997 | 31 Dec 1997 | 90.18M | — | 4.60M | -85.58M | 0.59 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 45.29B | +0.63% | 1.87B | -43.42B | 12.88 |
| Q2 FY2026 | 30 Jun 2026 | 44.98B | -0.52% | 1.76B | -43.22B | 12.09 |
| Q1 FY2026 | 31 Mar 2026 | 45.13B | +1.68% | 1.61B | -43.52B | 12.81 |
| Q4 FY2025 | 31 Dec 2025 | 44.96B | +2.30% | 1.47B | -43.49B | 12.31 |
| Q3 FY2025 | 30 Sept 2025 | 45.01B | +0.51% | 1.95B | -43.06B | 11.39 |
| Q2 FY2025 | 30 Jun 2025 | 45.21B | -4.59% | 2.08B | -43.14B | 12.18 |
| Q1 FY2025 | 31 Mar 2025 | 44.38B | -7.23% | 2.10B | -42.28B | 12.56 |
| Q4 FY2024 | 31 Dec 2024 | 43.95B | -5.08% | 2.00B | -41.95B | 13.00 |
| Q3 FY2024 | 30 Sept 2024 | 44.78B | -4.35% | 2.15B | -42.63B | 12.30 |
| Q2 FY2024 | 30 Jun 2024 | 47.39B | +0.45% | 2.49B | -44.90B | 12.29 |
| Q1 FY2024 | 31 Mar 2024 | 47.84B | +1.99% | 2.39B | -45.45B | 11.82 |
| Q4 FY2023 | 31 Dec 2023 | 46.31B | -1.58% | 1.75B | -44.55B | 11.03 |
| Q3 FY2023 | 30 Sept 2023 | 46.82B | +0.33% | 2.12B | -44.70B | 10.33 |
| Q2 FY2023 | 30 Jun 2023 | 47.18B | -4.63% | 2.02B | -45.16B | 9.13 |
| Q1 FY2023 | 31 Mar 2023 | 46.91B | -10.18% | 1.80B | -45.11B | 8.68 |
| Q4 FY2022 | 31 Dec 2022 | 47.05B | -9.53% | 2.03B | -45.02B | 8.44 |
| Q3 FY2022 | 30 Sept 2022 | 46.66B | +10.72% | 2.12B | -44.54B | 7.43 |
| Q2 FY2022 | 30 Jun 2022 | 49.47B | +11.56% | 2.07B | -47.40B | 7.11 |
| Q1 FY2022 | 31 Mar 2022 | 52.22B | +42.31% | 1.94B | -50.28B | 9.74 |
| Q4 FY2021 | 31 Dec 2021 | 52.01B | +41.67% | 1.95B | -50.06B | 10.24 |
| Q3 FY2021 | 30 Sept 2021 | 42.14B | +32.97% | 3.28B | -38.87B | 7.79 |
| Q2 FY2021 | 30 Jun 2021 | 44.34B | +39.46% | 1.93B | -42.42B | 7.71 |
| Q1 FY2021 | 31 Mar 2021 | 36.70B | +17.64% | 1.91B | -34.78B | 9.45 |
| Q4 FY2020 | 31 Dec 2020 | 36.71B | +18.20% | 1.75B | -34.97B | 8.97 |
| Q3 FY2020 | 30 Sept 2020 | 31.69B | +11.57% | 1.63B | -30.07B | 8.49 |
| Q2 FY2020 | 30 Jun 2020 | 31.80B | +14.00% | 2.04B | -29.76B | 8.78 |
| Q1 FY2020 | 31 Mar 2020 | 31.19B | +11.33% | 1.33B | -29.87B | 8.58 |
| Q4 FY2019 | 31 Dec 2019 | 31.06B | +46.79% | 1.50B | -29.56B | 6.14 |
| Q3 FY2019 | 30 Sept 2019 | 28.41B | +33.59% | 1.35B | -27.05B | 5.42 |
| Q2 FY2019 | 30 Jun 2019 | 27.89B | +32.10% | 1.19B | -26.70B | 5.09 |
| Q1 FY2019 | 31 Mar 2019 | 28.02B | +31.10% | 1.02B | -27.00B | 5.24 |
| Q4 FY2018 | 31 Dec 2018 | 21.16B | +4.73% | 1.21B | -19.95B | 3.97 |
| Q3 FY2018 | 30 Sept 2018 | 21.26B | +10.36% | 1.09B | -20.17B | 3.97 |
| Q2 FY2018 | 30 Jun 2018 | 21.11B | +9.73% | 915.30M | -20.20B | 3.80 |
| Q1 FY2018 | 31 Mar 2018 | 21.37B | +13.14% | 1.51B | -19.86B | 3.37 |
| Q4 FY2017 | 31 Dec 2017 | 20.21B | +9.02% | 803.10M | -19.40B | 3.24 |
| Q3 FY2017 | 30 Sept 2017 | 19.27B | +3.16% | 800.50M | -18.47B | 2.96 |
| Q2 FY2017 | 30 Jun 2017 | 19.24B | +2.80% | 771.04M | -18.47B | 2.97 |
| Q1 FY2017 | 31 Mar 2017 | 18.89B | +10.97% | 718.07M | -18.17B | 2.76 |
| Q4 FY2016 | 31 Dec 2016 | 18.53B | +8.26% | 791.19M | -17.74B | 2.74 |
| Q3 FY2016 | 30 Sept 2016 | 18.68B | +9.70% | 530.36M | -18.15B | 2.78 |
| Q2 FY2016 | 30 Jun 2016 | 18.72B | +15.37% | 410.54M | -18.31B | 2.76 |
| Q1 FY2016 | 31 Mar 2016 | 17.02B | +8.28% | 336.40M | -16.69B | 2.46 |
| Q4 FY2015 | 31 Dec 2015 | 17.12B | +17.18% | 320.69M | -16.80B | 2.57 |
| Q3 FY2015 | 30 Sept 2015 | 17.03B | +22.20% | 301.89M | -16.73B | 2.57 |
| Q2 FY2015 | 30 Jun 2015 | 16.22B | +16.09% | 315.09M | -15.91B | 2.22 |
| Q1 FY2015 | 31 Mar 2015 | 15.72B | +9.67% | 337.79M | -15.38B | 2.14 |
| Q4 FY2014 | 31 Dec 2014 | 14.61B | +0.90% | 319.79M | -14.29B | 3.70 |
| Q3 FY2014 | 30 Sept 2014 | 13.93B | +10.19% | 324.62M | -13.61B | 3.32 |
| Q2 FY2014 | 30 Jun 2014 | 13.98B | +57.81% | 298.26M | -13.68B | 3.17 |
| Q1 FY2014 | 31 Mar 2014 | 14.33B | +61.98% | 367.87M | -13.97B | 3.90 |
| Q4 FY2013 | 31 Dec 2013 | 14.48B | +65.40% | 312.19M | -14.17B | 4.10 |
| Q3 FY2013 | 30 Sept 2013 | 12.65B | +68.85% | 4.07B | -8.58B | 3.58 |
| Q2 FY2013 | 30 Jun 2013 | 8.86B | +18.63% | 462.70M | -8.39B | 2.52 |
| Q1 FY2013 | 31 Mar 2013 | 8.85B | +21.41% | 454.71M | -8.39B | 2.41 |
| Q4 FY2012 | 31 Dec 2012 | 8.75B | +20.96% | 374.64M | -8.38B | 2.45 |
| Q3 FY2012 | 30 Sept 2012 | 7.49B | +28.43% | 382.31M | -7.11B | 2.11 |
| Q2 FY2012 | 30 Jun 2012 | 7.47B | +51.76% | 511.43M | -6.95B | 2.22 |
| Q1 FY2012 | 31 Mar 2012 | 7.29B | +30.95% | 504.08M | -6.78B | 2.10 |
| Q4 FY2011 | 31 Dec 2011 | 7.24B | +29.51% | 352.46M | -6.88B | 2.20 |
| Q3 FY2011 | 30 Sept 2011 | 5.83B | +21.37% | 182.23M | -5.65B | 1.79 |
| Q2 FY2011 | 30 Jun 2011 | 4.92B | +18.43% | 333.90M | -4.59B | 1.38 |
| Q1 FY2011 | 31 Mar 2011 | 5.57B | +31.58% | 373.52M | -5.19B | 1.59 |
| Q4 FY2010 | 31 Dec 2010 | 5.59B | +32.67% | 930.39M | -4.66B | 1.60 |
| Q3 FY2010 | 30 Sept 2010 | 4.80B | +14.77% | 414.60M | -4.39B | 1.39 |
| Q2 FY2010 | 30 Jun 2010 | 4.15B | -6.54% | 330.78M | -3.82B | 1.21 |
| Q1 FY2010 | 31 Mar 2010 | 4.23B | -2.37% | 371.83M | -3.86B | 1.22 |
| Q4 FY2009 | 31 Dec 2009 | 4.21B | -2.81% | 257.07M | -3.95B | 1.27 |
| Q3 FY2009 | 30 Sept 2009 | 4.19B | -5.50% | 233.52M | -3.95B | 1.30 |
| Q2 FY2009 | 30 Jun 2009 | 4.44B | +0.53% | 332.63M | -4.11B | 1.44 |
| Q1 FY2009 | 31 Mar 2009 | 4.33B | -2.31% | 304.00M | -4.03B | 1.41 |
| Q4 FY2008 | 31 Dec 2008 | 4.33B | +1.12% | 145.11M | -4.19B | 1.45 |
| Q3 FY2008 | 30 Sept 2008 | 4.43B | +10.02% | 74.25M | -4.36B | 1.56 |
| Q2 FY2008 | 30 Jun 2008 | 4.42B | +11.16% | 163.92M | -4.26B | 1.46 |
| Q1 FY2008 | 31 Mar 2008 | 4.43B | +24.16% | 128.44M | -4.31B | 1.52 |
| Q4 FY2007 | 31 Dec 2007 | 4.29B | +1,587.74% | 40.35M | -4.24B | 1.42 |
| Q3 FY2007 | 30 Sept 2007 | 4.03B | +13.01% | 87.95M | -3.94B | 1.19 |
| Q2 FY2007 | 30 Jun 2007 | 3.98B | +539.23% | 228.66M | -3.75B | 1.09 |
| Q1 FY2007 | 31 Mar 2007 | 3.57B | -1.04% | 61.48M | -3.51B | 0.89 |
| Q4 FY2006 | 31 Dec 2006 | 253.91M | -92.97% | 304.25M | 50.34M | 0.06 |
| Q3 FY2006 | 30 Sept 2006 | 3.56B | -2.11% | 207.20M | -3.36B | 0.81 |
| Q2 FY2006 | 30 Jun 2006 | 622.15M | -79.80% | 90.45M | -531.69M | 0.14 |
| Q1 FY2006 | 31 Mar 2006 | 3.61B | +14.69% | 85.57M | -3.52B | 0.82 |
| Q4 FY2005 | 31 Dec 2005 | 3.61B | +9.71% | 112.70M | -3.50B | 0.80 |
| Q3 FY2005 | 30 Sept 2005 | 3.64B | +13.11% | 109.16M | -3.53B | 0.78 |
| Q2 FY2005 | 30 Jun 2005 | 3.08B | -5.72% | 85.62M | -2.99B | 2.16 |
| Q1 FY2005 | 31 Mar 2005 | 3.15B | -4.61% | 122.80M | -3.02B | 2.17 |
| Q4 FY2004 | 31 Dec 2004 | 3.29B | -2.01% | 215.56M | -3.08B | 2.24 |
| Q3 FY2004 | 30 Sept 2004 | 3.22B | -7.80% | 126.83M | -3.09B | 1.98 |
| Q2 FY2004 | 30 Jun 2004 | 3.27B | -7.11% | 197.86M | -3.07B | 1.98 |
| Q1 FY2004 | 31 Mar 2004 | 3.30B | -7.99% | 98.70M | -3.20B | 1.97 |
| Q4 FY2003 | 31 Dec 2003 | 3.36B | -2.99% | 105.47M | -3.26B | 1.96 |
| Q3 FY2003 | 30 Sept 2003 | 3.49B | -3.66% | 66.13M | -3.42B | 1.99 |
| Q2 FY2003 | 30 Jun 2003 | 3.52B | -2.98% | 107.60M | -3.41B | 2.09 |
| Q1 FY2003 | 31 Mar 2003 | 3.59B | -0.66% | 101.41M | -3.48B | 2.10 |
| Q4 FY2002 | 31 Dec 2002 | 3.46B | -2.73% | 127.29M | -3.34B | 1.99 |
| Q3 FY2002 | 30 Sept 2002 | 3.62B | +2.11% | 64.86M | -3.56B | 2.02 |
| Q2 FY2002 | 30 Jun 2002 | 3.62B | +0.96% | 29.47M | -3.60B | 1.69 |
| Q1 FY2002 | 31 Mar 2002 | 3.61B | +1.32% | 29.56M | -3.58B | 1.29 |
| Q4 FY2001 | 31 Dec 2001 | 3.56B | +44.31% | 35.96M | -3.53B | 1.24 |
| Q3 FY2001 | 30 Sept 2001 | 3.55B | +81.10% | 276.09M | -3.27B | 1.18 |
| Q2 FY2001 | 30 Jun 2001 | 3.59B | +83.64% | 555.57M | -3.03B | 1.17 |
| Q1 FY2001 | 31 Mar 2001 | 3.56B | +89.14% | 1.11B | -2.45B | 1.13 |
| Q4 FY2000 | 31 Dec 2000 | 2.47B | +233.17% | 82.04M | -2.39B | 0.86 |
| Q3 FY2000 | 30 Sept 2000 | 1.96B | +417.44% | 206.47M | -1.75B | 0.69 |
| Q2 FY2000 | 30 Jun 2000 | 1.96B | +588.14% | 518.76M | -1.44B | 0.69 |
| Q1 FY2000 | 31 Mar 2000 | 1.88B | +554.32% | 140.73M | -1.74B | 0.87 |
| Q4 FY1999 | 31 Dec 1999 | 740.82M | +163.52% | 25.21M | -715.61M | 0.35 |
| Q3 FY1999 | 30 Sept 1999 | 378.64M | +34.46% | 41.71M | -336.93M | 0.18 |
| Q2 FY1999 | 30 Jun 1999 | 284.12M | -5.46% | 353.22M | 69.10M | 0.13 |
| Q1 FY1999 | 31 Mar 1999 | 287.87M | +83.18% | 483.26M | 195.39M | 0.13 |
| Q4 FY1998 | 31 Dec 1998 | 281.13M | +211.75% | 186.18M | -94.95M | 0.26 |
| Q3 FY1998 | 30 Sept 1998 | 281.61M | — | 313.45M | 31.85M | 0.27 |
| Q2 FY1998 | 30 Jun 1998 | 300.52M | — | 63.72M | -236.81M | 0.69 |
| Q1 FY1998 | 31 Mar 1998 | 157.15M | — | 6.80M | -150.35M | 0.67 |
| Q4 FY1997 | 31 Dec 1997 | 90.18M | — | 4.60M | -85.58M | 0.59 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about American Tower's debt
Source: Financial Modeling PrepVerified against SEC filings