American Tower annual debt-to-equity ratio
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2025
American Tower Debt-to-Equity Ratio Growth & History (AMT)
American Tower's debt-to-equity ratio was 12.31 for fiscal 2025.
View full American Tower company overviewAmerican Tower annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 12.31 | −0.69 | −5.27% |
| 2024 | 2024-12-31 | 13.00 | 1.97 | +17.82% |
| 2023 | 2023-12-31 | 11.03 | 2.59 | +30.63% |
| 2022 | 2022-12-31 | 8.44 | −1.79 | −17.51% |
| 2021 | 2021-12-31 | 10.24 | 1.27 | +14.13% |
| 2020 | 2020-12-31 | 8.97 | 2.82 | +45.97% |
| 2019 | 2019-12-31 | 6.14 | 2.14 | +53.64% |
| 2018 | 2018-12-31 | 4.00 | 0.73 | +22.45% |
| 2017 | 2017-12-31 | 3.27 | 0.51 | +18.33% |
| 2016 | 2016-12-31 | 2.76 | 0.17 | +6.56% |
| 2015 | 2015-12-31 | 2.59 | −1.11 | −30.02% |
| 2014 | 2014-12-31 | 3.70 | −0.42 | −10.24% |
| 2013 | 2013-12-31 | 4.12 | 1.64 | +66.35% |
| 2012 | 2012-12-31 | 2.48 | 0.29 | +13.18% |
| 2011 | 2011-12-31 | 2.19 | 0.59 | +37.26% |
| 2010 | 2010-12-31 | 1.60 | 0.33 | +25.61% |
| 2009 | 2009-12-31 | 1.27 | −0.18 | −12.26% |
| 2008 | 2008-12-31 | 1.45 | — | — |
American Tower quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 12.09 | −0.09 | −0.70% |
| Q1 2026 | 2026-03-31 | 12.81 | 0.26 | +2.04% |
| Q4 2025 | 2025-12-31 | 12.31 | −0.69 | −5.27% |
| Q3 2025 | 2025-09-30 | 11.39 | −0.91 | −7.40% |
| Q2 2025 | 2025-06-30 | 12.18 | −0.11 | −0.91% |
| Q1 2025 | 2025-03-31 | 12.56 | 0.74 | +6.24% |
| Q4 2024 | 2024-12-31 | 13.00 | 1.97 | +17.82% |
| Q3 2024 | 2024-09-30 | 12.30 | 1.97 | +19.07% |
| Q2 2024 | 2024-06-30 | 12.29 | 3.16 | +34.59% |
| Q1 2024 | 2024-03-31 | 11.82 | 3.14 | +36.22% |
| Q4 2023 | 2023-12-31 | 11.03 | 2.59 | +30.63% |
| Q3 2023 | 2023-09-30 | 10.33 | 2.90 | +39.03% |
| Q2 2023 | 2023-06-30 | 9.13 | 2.02 | +28.45% |
| Q1 2023 | 2023-03-31 | 8.68 | −1.06 | −10.90% |
| Q4 2022 | 2022-12-31 | 8.44 | −1.79 | −17.51% |
| Q3 2022 | 2022-09-30 | 7.43 | −0.36 | −4.62% |
| Q2 2022 | 2022-06-30 | 7.11 | −0.60 | −7.75% |
| Q1 2022 | 2022-03-31 | 9.74 | 0.29 | +3.05% |
| Q4 2021 | 2021-12-31 | 10.24 | 1.27 | +14.13% |
| Q3 2021 | 2021-09-30 | 7.79 | −0.71 | −8.30% |
| Q2 2021 | 2021-06-30 | 7.71 | −1.08 | −12.26% |
| Q1 2021 | 2021-03-31 | 9.45 | 0.87 | +10.10% |
| Q4 2020 | 2020-12-31 | 8.97 | 2.82 | +45.97% |
| Q3 2020 | 2020-09-30 | 8.49 | 3.07 | +56.68% |
| Q2 2020 | 2020-06-30 | 8.78 | 3.69 | +72.49% |
| Q1 2020 | 2020-03-31 | 8.58 | 3.34 | +63.78% |
| Q4 2019 | 2019-12-31 | 6.14 | 2.14 | +53.64% |
| Q3 2019 | 2019-09-30 | 5.42 | 1.45 | +36.40% |
| Q2 2019 | 2019-06-30 | 5.09 | 1.29 | +33.86% |
| Q1 2019 | 2019-03-31 | 5.24 | 1.87 | +55.31% |
| Q4 2018 | 2018-12-31 | 4.00 | 0.73 | +22.45% |
| Q3 2018 | 2018-09-30 | 3.97 | 1.02 | +34.43% |
| Q2 2018 | 2018-06-30 | 3.80 | 0.84 | +28.15% |
| Q1 2018 | 2018-03-31 | 3.37 | 0.62 | +22.40% |
| Q4 2017 | 2017-12-31 | 3.27 | 0.51 | +18.33% |
| Q3 2017 | 2017-09-30 | 2.96 | 0.17 | +6.15% |
| Q2 2017 | 2017-06-30 | 2.97 | 0.20 | +7.42% |
| Q1 2017 | 2017-03-31 | 2.76 | 0.30 | +12.28% |
| Q4 2016 | 2016-12-31 | 2.76 | 0.17 | +6.56% |
| Q3 2016 | 2016-09-30 | 2.78 | 0.22 | +8.41% |
| Q2 2016 | 2016-06-30 | 2.76 | 0.55 | +24.70% |
| Q1 2016 | 2016-03-31 | 2.46 | 0.32 | +14.96% |
| Q4 2015 | 2015-12-31 | 2.59 | −1.11 | −30.02% |
| Q3 2015 | 2015-09-30 | 2.57 | −0.74 | −22.48% |
| Q2 2015 | 2015-06-30 | 2.22 | −0.96 | −30.26% |
| Q1 2015 | 2015-03-31 | 2.14 | −1.76 | −45.17% |
| Q4 2014 | 2014-12-31 | 3.70 | −0.42 | −10.24% |
| Q3 2014 | 2014-09-30 | 3.31 | −0.26 | −7.19% |
| Q2 2014 | 2014-06-30 | 3.18 | 0.65 | +25.60% |
| Q1 2014 | 2014-03-31 | 3.90 | 1.50 | +62.52% |
| Q4 2013 | 2013-12-31 | 4.12 | 1.64 | +66.35% |
| Q3 2013 | 2013-09-30 | 3.57 | 1.46 | +69.32% |
| Q2 2013 | 2013-06-30 | 2.53 | 0.30 | +13.24% |
| Q1 2013 | 2013-03-31 | 2.40 | 0.30 | +14.22% |
| Q4 2012 | 2012-12-31 | 2.48 | 0.29 | +13.18% |
| Q3 2012 | 2012-09-30 | 2.11 | 0.59 | +38.44% |
| Q2 2012 | 2012-06-30 | 2.23 | 0.85 | +61.75% |
| Q1 2012 | 2012-03-31 | 2.10 | 0.04 | +1.98% |
| Q4 2011 | 2011-12-31 | 2.19 | 0.59 | +37.26% |
| Q3 2011 | 2011-09-30 | 1.52 | 0.18 | +13.61% |
| Q2 2011 | 2011-06-30 | 1.38 | 0.17 | +13.99% |
| Q1 2011 | 2011-03-31 | 2.06 | 0.86 | +71.21% |
| Q4 2010 | 2010-12-31 | 1.60 | 0.33 | +25.61% |
| Q3 2010 | 2010-09-30 | 1.34 | 0.05 | +3.68% |
| Q2 2010 | 2010-06-30 | 1.21 | −0.22 | −15.39% |
| Q1 2010 | 2010-03-31 | 1.20 | — | — |
| Q4 2009 | 2009-12-31 | 1.27 | −0.18 | −12.26% |
| Q3 2009 | 2009-09-30 | 1.29 | — | — |
| Q2 2009 | 2009-06-30 | 1.43 | — | — |
| Q4 2008 | 2008-12-31 | 1.45 | — | — |
American Tower debt-to-equity ratio trends
Over the last five fiscal years, American Tower's debt-to-equity ratio increased from 8.97 to 12.31, a change of 3.34. The latest reported quarter, Q2 2026, shows 12.09.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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