SBA Communications Corp
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 44,500 communications sites throughout the Americas and in Africa, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and one … Read more
SBA Communications Corp (SBAC) - Total Assets
Latest total assets as of September 2025: $11.26 Billion USD
Based on the latest financial reports, SBA Communications Corp (SBAC) holds total assets worth $11.26 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
SBA Communications Corp - Total Assets Trend (1998–2024)
This chart illustrates how SBA Communications Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
SBA Communications Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
SBA Communications Corp's total assets of $11.26 Billion consist of 17.3% current assets and 82.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.7% |
| Accounts Receivable | $284.53 Million | 2.5% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $2.39 Billion | 20.9% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1998–2024)
This chart illustrates how SBA Communications Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: SBA Communications Corp's current assets represent 17.3% of total assets in 2024, a decrease from 21.4% in 1998.
- Cash Position: Cash and equivalents constituted 1.7% of total assets in 2024, down from 12.5% in 1998.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 20.0% of total assets, an increase from 3.0% in 1998.
- Asset Diversification: The largest asset category is intangible assets at 20.9% of total assets.
SBA Communications Corp Competitors by Total Assets
Key competitors of SBA Communications Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
American Tower Corp
NYSE:AMT
|
USA | $63.89 Billion |
|
Outfront Media Inc. (REIT)
F:76C
|
Germany | €5.22 Billion |
|
Afine Investments Ltd
JSE:ANI
|
South Africa | ZAC444.87 Million |
|
Automotive Properties Real Estate Investment Trust
PINK:APPTF
|
USA | $1.33 Billion |
|
Arena REIT
AU:ARF
|
Australia | AU$1.86 Billion |
|
BA Airport Leasehold Real Estate Investment Trust
BK:BAREIT
|
Thailand | ฿14.60 Billion |
|
Crown Castle
NYSE:CCI
|
USA | $31.52 Billion |
|
DIGITAL CORE REIT
PINK:DGTCF
|
USA | $2.25 Billion |
SBA Communications Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - SBA Communications Corp generates 0.23x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, SBA Communications Corp generates $6.56 in net profit.
SBA Communications Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.50 | 0.67 | 0.77 |
| Quick Ratio | 0.50 | 0.63 | 0.70 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-798.44 Million | $ -217.58 Million | $ -141.81 Million |
SBA Communications Corp - Advanced Valuation Insights
This section examines the relationship between SBA Communications Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 1.73 |
| Asset Growth Rate (YoY) | 12.2% |
| Total Assets | $11.42 Billion |
| Market Capitalization | $19.80 Billion USD |
Valuation Analysis
Above Book Valuation: The market values SBA Communications Corp's assets above their book value (1.73 x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: SBA Communications Corp's assets grew by 12.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for SBA Communications Corp (1998–2024)
The table below shows the annual total assets of SBA Communications Corp from 1998 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $11.42 Billion | +12.17% |
| 2023-12-31 | $10.18 Billion | -3.84% |
| 2022-12-31 | $10.59 Billion | +7.99% |
| 2021-12-31 | $9.80 Billion | +7.03% |
| 2020-12-31 | $9.16 Billion | -6.17% |
| 2019-12-31 | $9.76 Billion | +35.30% |
| 2018-12-31 | $7.21 Billion | -1.45% |
| 2017-12-31 | $7.32 Billion | -0.55% |
| 2016-12-31 | $7.36 Billion | -0.57% |
| 2015-12-31 | $7.40 Billion | -5.58% |
| 2014-12-31 | $7.84 Billion | +15.60% |
| 2013-12-31 | $6.78 Billion | +2.84% |
| 2012-12-31 | $6.60 Billion | +82.89% |
| 2011-12-31 | $3.61 Billion | +6.07% |
| 2010-12-31 | $3.40 Billion | +2.61% |
| 2009-12-31 | $3.31 Billion | +3.18% |
| 2008-12-31 | $3.21 Billion | +34.69% |
| 2007-12-31 | $2.38 Billion | +16.52% |
| 2006-12-31 | $2.05 Billion | +114.83% |
| 2005-12-31 | $952.54 Million | +3.85% |
| 2004-12-31 | $917.24 Million | -6.69% |
| 2003-12-31 | $982.98 Million | -24.67% |
| 2002-12-31 | $1.30 Billion | -8.68% |
| 2001-12-31 | $1.43 Billion | +50.61% |
| 2000-12-31 | $948.82 Million | +120.76% |
| 1999-12-31 | $429.80 Million | +100.37% |
| 1998-12-31 | $214.50 Million | -- |