SBA COMMUNICATIONS CORP

SBAC Data Centers & REITs 5/10 Medium Risk
5/10

SBA COMMUNICATIONS CORP has $13.6B in total long-term debt with $12.1B in scheduled maturities. Approximately $1.9B (16% of maturities) is due within the next twelve months, and operating income covers interest expense 6.2x. Overall, SBAC carries moderate refinancing risk (score 5/10).

Maturity Schedule

Year 1 $1.9B Year 2 $3.0B Year 3 $1.5B Year 4 $3.4B Year 5 $23M Beyond 5 $2.2B
Period Amount Due % of Total
Year 1 (0-12 months) $1.9B 16.0%
Year 2 (12-24 months) $3.0B 25.0%
Year 3 (24-36 months) $1.5B 12.1%
Year 4 (36-48 months) $3.4B 28.4%
Year 5 (48-60 months) $23M 0.2%
Beyond 5 Years $2.2B 18.3%
Total Scheduled Maturities $12.1B 100.0%

Key Metrics

Total Long-Term Debt
$13.6B
Near-Term (12mo)
$1.9B
Interest Coverage
6.2x
Debt/Equity
N/A
Cash Coverage
0.11x
Operating Income
$924M

Score Components

Component Value Weight
Near-Term Maturity Concentration 16.0% 30%
Interest Coverage Ratio 6.16x 25%
Debt-to-Equity Ratio N/A 25%
Cash Coverage of Near-Term Debt 0.11x 20%

Related Companies

DIGITAL REALTY TRUST, INC.
DLR
4/10
Debt: $2.8B 12mo: $981M
EQUINIX INC
EQIX
4/10
Debt: $15.3B 12mo: $1.3B
AMERICAN TOWER CORP /MA/
AMT
6/10
Debt: $38.9B 12mo: $4.5B
CROWN CASTLE INC.
CCI
5/10
Debt: $24.3B 12mo: $4.7B
Core Scientific, Inc./tx
CORZ
Debt: N/A 12mo: N/A
IRON MOUNTAIN INC
IRM
4/10
Debt: $13.7B 12mo: $216M

Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Most recent filing date: 2026-02-27. Data last fetched: 2026-03-15. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Partial.