SBA Communications Corp (SBAC) — Tangible Net Worth Ratio
SBA Communications Corp (SBAC) has a Tangible Net Worth Ratio of -2437.0% as of June 2014. This metric is calculated by deducting intangible assets ($4.04 Billion) from net assets ($159.29 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See SBA Communications Corp (SBAC) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
SBA Communications Corp Tangible Net Worth Ratio (1998–2013)
This chart shows how SBA Communications Corp's Tangible Net Worth Ratio has changed across 15 annual periods from 1998 to 2013. As of June 2014, the ratio stands at -2437.0%, reflecting net assets of $159.29 Million with intangible assets of $4.04 Billion USD. See operational self-sufficiency of SBA Communications Corp to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for SBA Communications Corp (1998–2013)
The table below presents the year-by-year Tangible Net Worth Ratio for SBA Communications Corp from 1998 to 2013, covering 15 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see SBA Communications Corp stock valuation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2013 | -848.9% | $356.97 Million | $3.39 Billion | $6.78 Billion | ▼ -477.4 pp |
| 2012 | -371.5% | $664.70 Million | $3.13 Billion | $6.60 Billion | ▲ +217875.2 pp |
| 2011 | -218246.7% | $751.00K | $1.64 Billion | $3.61 Billion | ▼ -217892.4 pp |
| 2010 | -354.4% | $330.13 Million | $1.50 Billion | $3.40 Billion | ▼ -215.1 pp |
| 2009 | -139.3% | $599.95 Million | $1.44 Billion | $3.31 Billion | ▲ +50.5 pp |
| 2008 | -189.8% | $491.76 Million | $1.43 Billion | $3.21 Billion | ▼ -32.2 pp |
| 2007 | -157.6% | $337.39 Million | $869.00 Million | $2.38 Billion | ▼ -69.7 pp |
| 2006 | -87.8% | $385.92 Million | $724.87 Million | $2.05 Billion | ▼ -149.2 pp |
| 2005 | 61.3% | $81.43 Million | $31.49 Million | $952.54 Million | ▼ -33.2 pp |
| 2003 | 94.5% | $43.88 Million | $2.41 Million | $982.98 Million | ▼ -3.2 pp |
| 2002 | 97.7% | $185.47 Million | $4.32 Million | $1.30 Billion | ▲ +23.7 pp |
| 2001 | 74.0% | $450.64 Million | $117.09 Million | $1.43 Billion | ▼ -10.5 pp |
| 2000 | 84.5% | $538.16 Million | $83.39 Million | $948.82 Million | ▲ +55.3 pp |
| 1999 | 29.2% | $48.60 Million | $34.40 Million | $429.80 Million | ▲ +21.2 pp |
| 1998 | 8.0% | $7.50 Million | $6.90 Million | $214.50 Million | — |