SBA Communications Corp (SBAC) — Working Capital to Net Assets Ratio
SBA Communications Corp (SBAC) has a Working Capital to Net Assets ratio of 16.4% as of September 2025. Working capital of $-798.44 Million (current assets of $812.52 Million minus current liabilities of $1.61 Billion) is measured against net assets of $-4.86 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See SBAC net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
SBA Communications Corp Working Capital to Net Assets (1998–2024)
This chart shows how SBA Communications Corp's Working Capital to Net Assets ratio has evolved across 27 annual periods from 1998 to 2024. As of September 2025, the ratio stands at 16.4%, reflecting working capital of $-798.44 Million against net assets of $-4.86 Billion USD. Check SBAC tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for SBA Communications Corp (1998–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for SBA Communications Corp from 1998 to 2024, covering 27 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. For live market cap and the full company profile, see SBA Communications Corp market cap and net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (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 | — |