Crown Castle annual debt-to-equity ratio
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2023
Crown Castle Debt-to-Equity Ratio Growth & History (CCI)
Crown Castle's debt-to-equity ratio was 4.52 for fiscal 2023.
View full Crown Castle company overviewCrown Castle annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2023 | 2023-12-31 | 4.52 | 0.76 | +20.30% |
| 2022 | 2022-12-31 | 3.75 | 0.48 | +14.76% |
| 2021 | 2021-12-31 | 3.27 | 0.58 | +21.74% |
| 2020 | 2020-12-31 | 2.69 | 0.40 | +17.75% |
| 2019 | 2019-12-31 | 2.28 | 0.84 | +58.25% |
| 2018 | 2018-12-31 | 1.44 | 0.09 | +6.39% |
| 2017 | 2017-12-31 | 1.36 | −0.33 | −19.60% |
| 2016 | 2016-12-31 | 1.69 | −0.03 | −1.67% |
| 2015 | 2015-12-31 | 1.71 | −0.06 | −3.44% |
| 2014 | 2014-12-31 | 1.77 | 0.10 | +6.04% |
| 2013 | 2013-12-31 | 1.67 | −2.28 | −57.63% |
| 2012 | 2012-12-31 | 3.95 | 1.07 | +36.93% |
| 2011 | 2011-12-31 | 2.89 | 0.11 | +4.09% |
| 2010 | 2010-12-31 | 2.77 | 0.53 | +23.72% |
| 2009 | 2009-12-31 | 2.24 | −0.00 | −0.19% |
| 2008 | 2008-12-31 | 2.24 | — | — |
Crown Castle quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2024 | 2024-09-30 | 5.60 | 1.29 | +29.90% |
| Q2 2024 | 2024-06-30 | 5.20 | 1.15 | +28.47% |
| Q1 2024 | 2024-03-31 | 4.82 | 0.87 | +21.97% |
| Q4 2023 | 2023-12-31 | 4.52 | 0.76 | +20.30% |
| Q3 2023 | 2023-09-30 | 4.31 | 0.69 | +19.13% |
| Q2 2023 | 2023-06-30 | 4.05 | 0.53 | +15.05% |
| Q1 2023 | 2023-03-31 | 3.95 | 0.52 | +15.13% |
| Q4 2022 | 2022-12-31 | 3.75 | 0.48 | +14.76% |
| Q3 2022 | 2022-09-30 | 3.62 | 0.48 | +15.29% |
| Q2 2022 | 2022-06-30 | 3.52 | 0.49 | +16.14% |
| Q1 2022 | 2022-03-31 | 3.43 | 0.51 | +17.42% |
| Q4 2021 | 2021-12-31 | 3.27 | 0.58 | +21.74% |
| Q3 2021 | 2021-09-30 | 3.14 | 0.47 | +17.64% |
| Q2 2021 | 2021-06-30 | 3.03 | 0.28 | +10.07% |
| Q1 2021 | 2021-03-31 | 2.92 | 0.49 | +20.34% |
| Q4 2020 | 2020-12-31 | 2.69 | 0.40 | +17.75% |
| Q3 2020 | 2020-09-30 | 2.67 | 0.48 | +21.71% |
| Q2 2020 | 2020-06-30 | 2.75 | 0.64 | +30.13% |
| Q1 2020 | 2020-03-31 | 2.43 | 0.40 | +19.71% |
| Q4 2019 | 2019-12-31 | 2.28 | 0.84 | +58.25% |
| Q3 2019 | 2019-09-30 | 2.19 | 0.80 | +57.99% |
| Q2 2019 | 2019-06-30 | 2.11 | 0.84 | +66.51% |
| Q1 2019 | 2019-03-31 | 2.03 | 0.80 | +65.21% |
| Q4 2018 | 2018-12-31 | 1.44 | 0.09 | +6.39% |
| Q3 2018 | 2018-09-30 | 1.39 | 0.19 | +15.55% |
| Q2 2018 | 2018-06-30 | 1.27 | −0.55 | −30.36% |
| Q1 2018 | 2018-03-31 | 1.23 | −0.61 | −33.03% |
| Q4 2017 | 2017-12-31 | 1.36 | −0.33 | −19.60% |
| Q3 2017 | 2017-09-30 | 1.20 | −0.66 | −35.65% |
| Q2 2017 | 2017-06-30 | 1.82 | 0.03 | +1.96% |
| Q1 2017 | 2017-03-31 | 1.83 | 0.17 | +10.46% |
| Q4 2016 | 2016-12-31 | 1.69 | −0.03 | −1.67% |
| Q3 2016 | 2016-09-30 | 1.86 | 0.19 | +11.19% |
| Q2 2016 | 2016-06-30 | 1.79 | 0.29 | +18.96% |
| Q1 2016 | 2016-03-31 | 1.66 | −0.19 | −10.16% |
| Q4 2015 | 2015-12-31 | 1.71 | −0.06 | −3.44% |
| Q3 2015 | 2015-09-30 | 1.68 | −0.01 | −0.82% |
| Q2 2015 | 2015-06-30 | 1.50 | −0.18 | −10.85% |
| Q1 2015 | 2015-03-31 | 1.85 | 0.17 | +10.38% |
| Q4 2014 | 2014-12-31 | 1.77 | 0.10 | +6.04% |
| Q3 2014 | 2014-09-30 | 1.69 | −1.92 | −53.19% |
| Q2 2014 | 2014-06-30 | 1.69 | −2.02 | −54.49% |
| Q1 2014 | 2014-03-31 | 1.67 | −2.00 | −54.45% |
| Q4 2013 | 2013-12-31 | 1.67 | −2.28 | −57.63% |
| Q3 2013 | 2013-09-30 | 3.61 | 0.76 | +26.69% |
| Q2 2013 | 2013-06-30 | 3.71 | 0.78 | +26.55% |
| Q1 2013 | 2013-03-31 | 3.67 | 0.60 | +19.35% |
| Q4 2012 | 2012-12-31 | 3.95 | 1.07 | +36.93% |
| Q3 2012 | 2012-09-30 | 2.85 | −0.15 | −4.92% |
| Q2 2012 | 2012-06-30 | 2.93 | 0.05 | +1.74% |
| Q1 2012 | 2012-03-31 | 3.08 | 0.34 | +12.57% |
| Q4 2011 | 2011-12-31 | 2.89 | 0.11 | +4.09% |
| Q3 2011 | 2011-09-30 | 3.00 | 0.22 | +7.94% |
| Q2 2011 | 2011-06-30 | 2.88 | 0.30 | +11.80% |
| Q1 2011 | 2011-03-31 | 2.73 | 0.36 | +15.34% |
| Q4 2010 | 2010-12-31 | 2.77 | 0.53 | +23.72% |
| Q3 2010 | 2010-09-30 | 2.78 | 0.67 | +31.58% |
| Q2 2010 | 2010-06-30 | 2.57 | 0.43 | +20.00% |
| Q1 2010 | 2010-03-31 | 2.37 | — | — |
| Q4 2009 | 2009-12-31 | 2.24 | −0.00 | −0.19% |
| Q3 2009 | 2009-09-30 | 2.11 | — | — |
| Q2 2009 | 2009-06-30 | 2.14 | — | — |
| Q4 2008 | 2008-12-31 | 2.24 | — | — |
Crown Castle debt-to-equity ratio trends
Over the last five fiscal years, Crown Castle's debt-to-equity ratio increased from 1.44 to 4.52, a change of 3.07. The latest reported quarter, Q3 2024, shows 5.60.
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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