SBA Communications Corp (SBAC) — Working Capital to Net Assets Ratio
SBA Communications Corp (SBAC) has a Working Capital to Net Assets ratio of 77.6% as of June 2026. Working capital of $-3.59 Billion (current assets of $744.77 Million minus current liabilities of $4.34 Billion) is measured against net assets of $-4.63 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See SBAC defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
SBA Communications Corp Working Capital to Net Assets (1998–2025)
This chart shows how SBA Communications Corp's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of June 2026, the ratio stands at 77.6%, reflecting working capital of $-3.59 Billion against net assets of $-4.63 Billion USD. For the complete balance sheet picture, see SBA Communications Corp asset portfolio.
Annual Working Capital to Net Assets for SBA Communications Corp (1998–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for SBA Communications Corp from 1998 to 2025, covering 28 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check SBA Communications Corp liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 23.7% | $-1.13 Billion | $-4.78 Billion | $1.10 Billion | $2.24 Billion | ▲ +27.3 pp |
| 2024 | -3.6% | $180.78 Million | $-5.06 Billion | $1.98 Billion | $1.80 Billion | ▼ -20.7 pp |
| 2023 | 17.1% | $-878.99 Million | $-5.14 Billion | $484.27 Million | $1.36 Billion | ▲ +13.0 pp |
| 2022 | 4.1% | $-214.03 Million | $-5.24 Billion | $482.73 Million | $696.76 Million | ▲ +4.0 pp |
| 2021 | 0.0% | $-1.89 Million | $-5.27 Billion | $614.45 Million | $616.33 Million | ▼ -2.9 pp |
| 2020 | 2.9% | $-141.81 Million | $-4.81 Billion | $472.99 Million | $614.80 Million | ▼ -16.6 pp |
| 2019 | 19.6% | $-714.02 Million | $-3.65 Billion | $334.27 Million | $1.05 Billion | ▼ -5.1 pp |
| 2018 | 24.7% | $-832.42 Million | $-3.38 Billion | $373.85 Million | $1.21 Billion | ▲ +23.9 pp |
| 2017 | 0.7% | $-19.37 Million | $-2.60 Billion | $259.53 Million | $278.90 Million | ▼ -26.8 pp |
| 2016 | 27.5% | $-548.88 Million | $-2.00 Billion | $324.57 Million | $873.45 Million | ▲ +28.7 pp |
| 2015 | -1.2% | $20.59 Million | $-1.71 Billion | $293.96 Million | $273.37 Million | ▼ -1.8 pp |
| 2014 | 0.6% | $-4.16 Million | $-660.80 Million | $326.89 Million | $331.05 Million | ▲ +113.8 pp |
| 2013 | -113.2% | $-404.02 Million | $356.97 Million | $343.65 Million | $747.67 Million | ▼ -38.7 pp |
| 2012 | -74.5% | $-495.12 Million | $664.70 Million | $368.56 Million | $863.69 Million | ▼ -404.0 pp |
| 2011 | 329.6% | $2.48 Million | $751.00K | $129.36 Million | $126.88 Million | ▲ +324.7 pp |
| 2010 | 4.9% | $16.14 Million | $330.13 Million | $146.73 Million | $130.58 Million | ▼ -8.1 pp |
| 2009 | 13.0% | $78.11 Million | $599.95 Million | $236.84 Million | $158.72 Million | ▲ +0.1 pp |
| 2008 | 13.0% | $63.72 Million | $491.76 Million | $154.31 Million | $90.59 Million | ▼ -27.7 pp |
| 2007 | 40.6% | $137.04 Million | $337.39 Million | $213.21 Million | $76.17 Million | ▲ +22.7 pp |
| 2006 | 17.9% | $69.25 Million | $385.92 Million | $127.61 Million | $58.35 Million | ▼ -80.4 pp |
| 2005 | 98.3% | $80.05 Million | $81.43 Million | $132.19 Million | $52.14 Million | ▲ +171.8 pp |
| 2004 | -73.5% | $65.17 Million | $-88.67 Million | $116.17 Million | $51.00 Million | ▼ -57.3 pp |
| 2003 | -16.2% | $-7.12 Million | $43.88 Million | $68.93 Million | $76.05 Million | ▲ +64.1 pp |
| 2002 | -80.3% | $-148.99 Million | $185.47 Million | $113.60 Million | $262.59 Million | ▼ -75.6 pp |
| 2001 | -4.8% | $-21.41 Million | $450.64 Million | $92.29 Million | $113.70 Million | ▲ +0.4 pp |
| 2000 | -5.1% | $-27.47 Million | $538.16 Million | $82.24 Million | $109.71 Million | ▲ +38.1 pp |
| 1999 | -43.2% | $-21.00 Million | $48.60 Million | $33.60 Million | $54.60 Million | ▼ -151.2 pp |
| 1998 | 108.0% | $8.10 Million | $7.50 Million | $45.80 Million | $37.70 Million | — |