Is it safe?
Can SBAC take a bad year?
SBA Communications carries $12.6B of net debt at 7.58× EBITDA: a heavy load to carry through a bad year.
$12.6B
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 7.58×
Net debt / EBITDA · 6.88× a year ago · the load is going up
- Annualised volatility
- 30%
Annualised volatility · about as steady as the market itself
- Worst drawdown on file
- −55%
Worst drawdown on file · −16% today
Details›
- Total debtQ1 2026
- $13.0B
- Cash and short-term investments
- $381M
- Net debt
- $12.6B
- EBITDA, trailing twelve months
- $1.66B
- Operating profit, trailing twelve months
- $1.35B
- Total debt / EBITDA
- 7.81×
- Annualised volatilitytwo years of daily moves
- 30%
- Worst drawdown on file
- −55%
- Below its 52-week high
- −16%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT - Specialty
Ranks #5 of 13 by Smart Score