39/100B89.540
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Q4 FY2026 · Earnings report
EPS estimate 0.72Revenue estimate 1.02B
Q4 FY2026 · Earnings report
EPS estimate 0.72Revenue estimate 1.02B
Crown Castle 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.
Crown Castle's total debt was 22.92B USD on 30 September 2026, down 23.2% on a year before. At the end of fiscal year 2025 it was 29.57B USD.
Last updated 8 Nov 2026 · Next report 3 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 | 22.92B | -23.19% | 133.00M | -22.79B | — |
| FY2025 | 31 Dec 2025 | 29.57B | -0.16% | 269.00M | -29.30B | — |
| FY2024 | 31 Dec 2024 | 29.61B | +2.77% | 119.00M | -29.49B | — |
| FY2023 | 31 Dec 2023 | 28.81B | +3.05% | 105.00M | -28.71B | 4.52 |
| FY2022 | 31 Dec 2022 | 27.96B | +3.52% | 156.00M | -27.80B | 3.75 |
| FY2021 | 31 Dec 2021 | 27.01B | +6.26% | 292.00M | -26.72B | 3.27 |
| FY2020 | 31 Dec 2020 | 25.42B | +6.21% | 232.00M | -25.19B | 2.69 |
| FY2019 | 31 Dec 2019 | 23.93B | +43.45% | 196.00M | -23.74B | 2.28 |
| FY2018 | 31 Dec 2018 | 16.68B | +3.23% | 277.00M | -16.41B | 1.44 |
| FY2017 | 31 Dec 2017 | 16.16B | +32.77% | 314.00M | -15.85B | 1.31 |
| FY2016 | 31 Dec 2016 | 12.17B | -0.64% | 567.60M | -11.60B | 1.61 |
| FY2015 | 31 Dec 2015 | 12.25B | +2.75% | 178.81M | -12.07B | 1.73 |
| FY2014 | 31 Dec 2014 | 11.92B | +2.81% | 151.31M | -11.77B | 1.77 |
| FY2013 | 31 Dec 2013 | 11.59B | -0.14% | 223.39M | -11.37B | 1.67 |
| FY2012 | 31 Dec 2012 | 11.61B | +68.63% | 441.36M | -11.17B | 3.95 |
| FY2011 | 31 Dec 2011 | 6.89B | +1.58% | 80.12M | -6.81B | 2.56 |
| FY2010 | 31 Dec 2010 | 6.78B | +3.04% | 112.53M | -6.67B | 2.77 |
| FY2009 | 31 Dec 2009 | 6.58B | +7.91% | 766.15M | -5.81B | 2.24 |
| FY2008 | 31 Dec 2008 | 6.10B | +0.45% | 155.22M | -5.94B | 2.24 |
| FY2007 | 31 Dec 2007 | 6.07B | +72.72% | 75.25M | -5.99B | 1.92 |
| FY2006 | 31 Dec 2006 | 3.51B | +54.75% | 592.72M | -2.92B | 4.65 |
| FY2005 | 31 Dec 2005 | 2.27B | +22.71% | 65.41M | -2.21B | 1.93 |
| FY2004 | 31 Dec 2004 | 1.85B | -46.37% | 567.15M | -1.28B | 1.00 |
| FY2003 | 31 Dec 2003 | 3.45B | +6.91% | 462.43M | -2.99B | 1.92 |
| FY2002 | 31 Dec 2002 | 3.23B | -5.73% | 631.87M | -2.60B | 1.46 |
| FY2001 | 31 Dec 2001 | 3.42B | +31.52% | 877.57M | -2.55B | 1.45 |
| FY2000 | 31 Dec 2000 | 2.60B | +68.75% | 491.83M | -2.11B | 1.08 |
| FY1999 | 31 Dec 1999 | 1.54B | +258.92% | 549.30M | -993.00M | 0.76 |
| FY1998 | 31 Dec 1998 | 429.70M | +174.92% | 296.50M | -133.20M | 0.46 |
| FY1997 | 31 Dec 1997 | 156.30M | — | 55.10M | -101.20M | 0.77 |
| 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 | 22.92B | -23.19% | 133.00M | -22.79B | — |
| Q2 FY2026 | 30 Jun 2026 | 23.40B | -20.84% | 1.04B | -22.36B | — |
| Q1 FY2026 | 31 Mar 2026 | 24.68B | -16.83% | 55.00M | -24.63B | — |
| Q4 FY2025 | 31 Dec 2025 | 29.57B | -0.16% | 269.00M | -29.30B | — |
| Q3 FY2025 | 30 Sept 2025 | 29.84B | +0.70% | 233.00M | -29.61B | — |
| Q2 FY2025 | 30 Jun 2025 | 29.57B | +0.63% | 94.00M | -29.47B | — |
| Q1 FY2025 | 31 Mar 2025 | 29.68B | +1.89% | 60.00M | -29.62B | — |
| Q4 FY2024 | 31 Dec 2024 | 29.61B | +2.77% | 119.00M | -29.49B | — |
| Q3 FY2024 | 30 Sept 2024 | 29.64B | +3.16% | 194.00M | -29.44B | 5.60 |
| Q2 FY2024 | 30 Jun 2024 | 29.38B | +3.06% | 155.00M | -29.23B | 5.20 |
| Q1 FY2024 | 31 Mar 2024 | 29.12B | +2.12% | 125.00M | -29.00B | 4.82 |
| Q4 FY2023 | 31 Dec 2023 | 28.81B | +3.05% | 105.00M | -28.71B | 4.52 |
| Q3 FY2023 | 30 Sept 2023 | 28.73B | +3.46% | 117.00M | -28.61B | 4.31 |
| Q2 FY2023 | 30 Jun 2023 | 28.51B | +3.12% | 276.00M | -28.23B | 4.05 |
| Q1 FY2023 | 31 Mar 2023 | 28.52B | +3.40% | 187.00M | -28.33B | 3.95 |
| Q4 FY2022 | 31 Dec 2022 | 27.96B | +3.52% | 156.00M | -27.80B | 3.75 |
| Q3 FY2022 | 30 Sept 2022 | 27.77B | +3.96% | 174.00M | -27.59B | 3.62 |
| Q2 FY2022 | 30 Jun 2022 | 27.65B | +4.78% | 281.00M | -27.37B | 3.52 |
| Q1 FY2022 | 31 Mar 2022 | 27.58B | +5.83% | 312.00M | -27.27B | 3.43 |
| Q4 FY2021 | 31 Dec 2021 | 27.01B | +6.26% | 292.00M | -26.72B | 3.27 |
| Q3 FY2021 | 30 Sept 2021 | 26.71B | +5.44% | 357.00M | -26.35B | 3.14 |
| Q2 FY2021 | 30 Jun 2021 | 26.39B | -2.40% | 339.00M | -26.05B | 3.03 |
| Q1 FY2021 | 31 Mar 2021 | 26.06B | +6.10% | 254.00M | -25.81B | 2.92 |
| Q4 FY2020 | 31 Dec 2020 | 25.42B | +6.21% | 232.00M | -25.19B | 2.69 |
| Q3 FY2020 | 30 Sept 2020 | 25.33B | +7.23% | 242.00M | -25.09B | 2.67 |
| Q2 FY2020 | 30 Jun 2020 | 27.04B | +16.10% | 2.51B | -24.52B | 2.75 |
| Q1 FY2020 | 31 Mar 2020 | 24.56B | +7.53% | 310.00M | -24.25B | 2.43 |
| Q4 FY2019 | 31 Dec 2019 | 23.93B | +43.45% | 196.00M | -23.74B | 2.28 |
| Q3 FY2019 | 30 Sept 2019 | 23.63B | +43.85% | 182.00M | -23.44B | 2.09 |
| Q2 FY2019 | 30 Jun 2019 | 23.29B | +45.93% | 288.00M | -23.00B | 2.02 |
| Q1 FY2019 | 31 Mar 2019 | 22.84B | +45.06% | 245.00M | -22.60B | 1.94 |
| Q4 FY2018 | 31 Dec 2018 | 16.68B | +3.23% | 277.00M | -16.41B | 1.44 |
| Q3 FY2018 | 30 Sept 2018 | 16.42B | +8.02% | 323.00M | -16.10B | 1.34 |
| Q2 FY2018 | 30 Jun 2018 | 15.96B | +15.28% | 206.00M | -15.75B | 1.27 |
| Q1 FY2018 | 31 Mar 2018 | 15.75B | +16.70% | 220.00M | -15.53B | 1.23 |
| Q4 FY2017 | 31 Dec 2017 | 16.16B | +32.77% | 314.00M | -15.85B | 1.31 |
| Q3 FY2017 | 30 Sept 2017 | 15.20B | +20.74% | 6.72B | -8.49B | 1.20 |
| Q2 FY2017 | 30 Jun 2017 | 13.84B | +11.39% | 199.66M | -13.64B | 1.82 |
| Q1 FY2017 | 31 Mar 2017 | 13.49B | +13.71% | 205.19M | -13.29B | 1.83 |
| Q4 FY2016 | 31 Dec 2016 | 12.17B | -0.64% | 567.60M | -11.60B | 1.61 |
| Q3 FY2016 | 30 Sept 2016 | 12.59B | +3.72% | 156.22M | -12.44B | 1.86 |
| Q2 FY2016 | 30 Jun 2016 | 12.43B | +11.63% | 202.34M | -12.22B | 1.79 |
| Q1 FY2016 | 31 Mar 2016 | 11.87B | -1.69% | 175.70M | -11.69B | 1.66 |
| Q4 FY2015 | 31 Dec 2015 | 12.25B | +2.75% | 178.81M | -12.07B | 1.73 |
| Q3 FY2015 | 30 Sept 2015 | 12.14B | +4.90% | 184.12M | -11.96B | 1.68 |
| Q2 FY2015 | 30 Jun 2015 | 11.13B | -3.79% | 338.61M | -10.79B | 1.50 |
| Q1 FY2015 | 31 Mar 2015 | 12.07B | +4.29% | 240.15M | -11.83B | 1.85 |
| Q4 FY2014 | 31 Dec 2014 | 11.92B | +2.81% | 151.31M | -11.77B | 1.77 |
| Q3 FY2014 | 30 Sept 2014 | 11.57B | +7.41% | 238.55M | -11.34B | 1.69 |
| Q2 FY2014 | 30 Jun 2014 | 11.57B | +7.25% | 227.48M | -11.34B | 1.69 |
| Q1 FY2014 | 31 Mar 2014 | 11.57B | +6.80% | 200.54M | -11.37B | 1.67 |
| Q4 FY2013 | 31 Dec 2013 | 11.59B | -0.14% | 223.39M | -11.37B | 1.67 |
| Q3 FY2013 | 30 Sept 2013 | 10.78B | +28.54% | 218.65M | -10.56B | 3.61 |
| Q2 FY2013 | 30 Jun 2013 | 10.79B | +16.76% | 126.89M | -10.66B | 3.71 |
| Q1 FY2013 | 31 Mar 2013 | 10.84B | +28.68% | 160.87M | -10.68B | 3.67 |
| Q4 FY2012 | 31 Dec 2012 | 11.61B | +68.63% | 441.36M | -11.17B | 3.95 |
| Q3 FY2012 | 30 Sept 2012 | 8.38B | +20.85% | 118.90M | -8.26B | 2.85 |
| Q2 FY2012 | 30 Jun 2012 | 9.24B | +35.56% | 96.18M | -9.14B | 3.23 |
| Q1 FY2012 | 31 Mar 2012 | 8.42B | +25.08% | 1.06B | -7.36B | 3.08 |
| Q4 FY2011 | 31 Dec 2011 | 6.89B | +1.58% | 80.12M | -6.81B | 2.56 |
| Q3 FY2011 | 30 Sept 2011 | 6.94B | +4.85% | 75.52M | -6.86B | 3.00 |
| Q2 FY2011 | 30 Jun 2011 | 6.82B | +6.69% | 108.12M | -6.71B | 2.88 |
| Q1 FY2011 | 31 Mar 2011 | 6.73B | +5.39% | 82.32M | -6.65B | 2.73 |
| Q4 FY2010 | 31 Dec 2010 | 6.78B | +3.04% | 112.53M | -6.67B | 2.77 |
| Q3 FY2010 | 30 Sept 2010 | 6.62B | +7.83% | 303.98M | -6.31B | 2.78 |
| Q2 FY2010 | 30 Jun 2010 | 6.39B | +1.84% | 242.09M | -6.15B | 2.57 |
| Q1 FY2010 | 31 Mar 2010 | 6.39B | -1.75% | 397.50M | -5.99B | 2.38 |
| Q4 FY2009 | 31 Dec 2009 | 6.58B | +7.91% | 766.15M | -5.81B | 2.24 |
| Q3 FY2009 | 30 Sept 2009 | 6.14B | +0.78% | 268.83M | -5.87B | 2.15 |
| Q2 FY2009 | 30 Jun 2009 | 6.27B | +2.13% | 334.99M | -5.94B | 2.14 |
| Q1 FY2009 | 31 Mar 2009 | 6.50B | +5.84% | 609.34M | -5.89B | 2.34 |
| Q4 FY2008 | 31 Dec 2008 | 6.10B | +0.45% | 155.22M | -5.94B | 2.24 |
| Q3 FY2008 | 30 Sept 2008 | 6.09B | +1.53% | 73.10M | -6.02B | 1.93 |
| Q2 FY2008 | 30 Jun 2008 | 6.14B | +2.43% | 98.75M | -6.04B | 1.94 |
| Q1 FY2008 | 31 Mar 2008 | 6.14B | +2.46% | 97.23M | -6.05B | 2.02 |
| Q4 FY2007 | 31 Dec 2007 | 6.07B | +72.72% | 75.25M | -5.99B | 1.92 |
| Q3 FY2007 | 30 Sept 2007 | 6.00B | +102.32% | 119.80M | -5.88B | 1.76 |
| Q2 FY2007 | 30 Jun 2007 | 6.00B | +101.55% | 92.43M | -5.90B | 1.71 |
| Q1 FY2007 | 31 Mar 2007 | 6.00B | +164.08% | 124.54M | -5.87B | 1.72 |
| Q4 FY2006 | 31 Dec 2006 | 3.51B | +54.75% | 592.72M | -2.92B | 4.65 |
| Q3 FY2006 | 30 Sept 2006 | 2.96B | +39.76% | 66.08M | -2.90B | 3.50 |
| Q2 FY2006 | 30 Jun 2006 | 2.98B | +46.68% | 522.60M | -2.45B | 3.32 |
| Q1 FY2006 | 31 Mar 2006 | 2.27B | +30.88% | 97.43M | -2.17B | 1.91 |
| Q4 FY2005 | 31 Dec 2005 | 2.27B | +22.71% | 65.41M | -2.21B | 1.93 |
| Q3 FY2005 | 30 Sept 2005 | 2.12B | +11.68% | 71.35M | -2.05B | 1.77 |
| Q2 FY2005 | 30 Jun 2005 | 2.03B | -36.09% | 258.96M | -1.77B | 1.53 |
| Q1 FY2005 | 31 Mar 2005 | 1.73B | -45.53% | 383.08M | -1.35B | 1.01 |
| Q4 FY2004 | 31 Dec 2004 | 1.85B | -46.37% | 567.15M | -1.28B | 1.00 |
| Q3 FY2004 | 30 Sept 2004 | 1.90B | -39.82% | 908.51M | -990.34M | 0.89 |
| Q2 FY2004 | 30 Jun 2004 | 3.17B | -0.40% | 232.50M | -2.94B | 1.66 |
| Q1 FY2004 | 31 Mar 2004 | 3.19B | -0.84% | 171.49M | -3.01B | 1.62 |
| Q4 FY2003 | 31 Dec 2003 | 3.45B | +6.91% | 462.43M | -2.99B | 1.92 |
| Q3 FY2003 | 30 Sept 2003 | 3.16B | -6.30% | 255.67M | -2.90B | 1.58 |
| Q2 FY2003 | 30 Jun 2003 | 3.19B | -8.13% | 523.16M | -2.66B | 1.53 |
| Q1 FY2003 | 31 Mar 2003 | 3.21B | -6.56% | 555.21M | -2.66B | 1.51 |
| Q4 FY2002 | 31 Dec 2002 | 3.23B | -5.73% | 631.87M | -2.60B | 1.46 |
| Q3 FY2002 | 30 Sept 2002 | 3.37B | -0.21% | 684.12M | -2.68B | 1.56 |
| Q2 FY2002 | 30 Jun 2002 | 3.47B | +3.40% | 788.84M | -2.68B | 1.57 |
| Q1 FY2002 | 31 Mar 2002 | 3.44B | +27.28% | 852.48M | -2.59B | 1.53 |
| Q4 FY2001 | 31 Dec 2001 | 3.42B | +31.52% | 877.57M | -2.55B | 1.45 |
| Q3 FY2001 | 30 Sept 2001 | 3.37B | +31.57% | 610.20M | -2.76B | 1.01 |
| Q2 FY2001 | 30 Jun 2001 | 3.35B | +38.97% | 696.53M | -2.66B | 1.31 |
| Q1 FY2001 | 31 Mar 2001 | 2.70B | +42.73% | 754.44M | -1.95B | 1.01 |
| Q4 FY2000 | 31 Dec 2000 | 2.60B | +68.75% | 491.83M | -2.11B | 1.08 |
| Q3 FY2000 | 30 Sept 2000 | 2.56B | +73.44% | 816.94M | -1.75B | 0.78 |
| Q2 FY2000 | 30 Jun 2000 | 2.41B | +102.07% | 332.05M | -2.08B | 1.16 |
| Q1 FY2000 | 31 Mar 2000 | 1.89B | +145.41% | 509.51M | -1.38B | 0.93 |
| Q4 FY1999 | 31 Dec 1999 | 1.54B | +258.92% | 549.30M | -993.00M | 0.76 |
| Q3 FY1999 | 30 Sept 1999 | 1.48B | +199.17% | 492.20M | -986.60M | 0.79 |
| Q2 FY1999 | 30 Jun 1999 | 1.19B | +450.81% | 705.90M | -488.80M | 0.72 |
| Q1 FY1999 | 31 Mar 1999 | 771.20M | — | 101.80M | -669.40M | 0.66 |
| Q4 FY1998 | 31 Dec 1998 | 429.70M | +174.92% | 296.50M | -133.20M | 0.46 |
| Q3 FY1998 | 30 Sept 1998 | 494.30M | — | 201.30M | -293.00M | 0.65 |
| Q2 FY1998 | 30 Jun 1998 | 216.90M | — | 51.30M | -165.60M | 1.13 |
| Q4 FY1997 | 31 Dec 1997 | 156.30M | — | 55.10M | -101.20M | 0.77 |
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 Crown Castle's debt
Source: Financial Modeling PrepVerified against SEC filings