Is it safe?
Can AMT take a bad year?
American Tower carries $35.7B of net debt at 5.18× EBITDA: a heavy load to carry through a bad year.
$35.7B
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 5.18×
Net debt / EBITDA · 5.23× a year ago · the load is coming down
- Interest cover
- 3.50×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 26%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ1 2026
- $37.3B
- Cash and short-term investments
- $1.61B
- Net debt
- $35.7B
- EBITDA, trailing twelve months
- $6.90B
- Operating profit, trailing twelve months
- $4.83B
- Debt / equity
- 10.6×
- Total debt / EBITDA
- 5.41×
- Annualised volatilitytwo years of daily moves
- 26%
- Worst drawdown on file
- −45%
- Below its 52-week high
- −14%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT - Specialty
Ranks #4 of 13 by Smart Score