Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of -3.28 is 13% below its 5-year average of -2.91, near the low end of its 5-year range (-3.28–-2.69).
As of the fiscal period ended Tuesday, June 30, 2026. 4.44% below its 12-month average of -3.15.
Reported quarterly debt to equity ratio; no daily interpolation. Q2 FY2026 (2026-06-30): -3.28.
DEBT TO EQUITY RATIO
-3.28
DEBT TO EQUITY RATIO AVG TTM
-3.15
DEBT TO EQUITY RATIO AVG 3Y
-2.97
DEBT TO EQUITY RATIO AVG 5Y
-2.91
DEBT TO EQUITY RATIO AVG 10Y
-3.13
DEBT TO EQUITY RATIO AVG 15Y
-3.21
DEBT TO EQUITY RATIO AVG 20Y
0.89
CURRENT VS TTM AVG
-4.44%
CURRENT VS 3Y AVG
-10.65%
CURRENT VS 5Y AVG
-12.96%
CURRENT VS 10Y AVG
-4.84%
CURRENT VS 15Y AVG
-2.23%
CURRENT VS 20Y AVG
-467.47%
SECTOR MEDIAN · REAL ESTATE
0.88
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
-473.30%
vs the sector median at left
SBA Communications Corporation
Market Cap
$19.67B
Debt to Equity Ratio
-3.28
TTM Avg
-3.15
3Y Avg
-2.97
5Y Avg
-2.91
Market Cap
$17.54B
Debt to Equity Ratio
1.27
TTM Avg
1.23
3Y Avg
1.17
5Y Avg
1.13
Market Cap
$16.36B
Debt to Equity Ratio
0.94
TTM Avg
0.86
3Y Avg
0.83
5Y Avg
0.84
Market Cap
$15.91B
Debt to Equity Ratio
0.57
TTM Avg
0.56
3Y Avg
0.52
5Y Avg
0.53
Market Cap
$15.64B
Debt to Equity Ratio
0.85
TTM Avg
0.82
3Y Avg
0.80
5Y Avg
0.83
Market Cap
$23.87B
Debt to Equity Ratio
0.81
TTM Avg
0.78
3Y Avg
0.73
5Y Avg
0.76
Market Cap
$15.23B
Debt to Equity Ratio
0.88
TTM Avg
0.85
3Y Avg
0.78
5Y Avg
0.83
Market Cap
$14.52B
Debt to Equity Ratio
1.05
TTM Avg
0.90
3Y Avg
0.82
5Y Avg
0.80
Market Cap
$14.11B
Debt to Equity Ratio
0.73
TTM Avg
0.65
3Y Avg
0.83
5Y Avg
0.83
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SBA Communications Corporation (SBAC) | $19.67B | -3.28 | -3.15 | -2.97 | -2.91 |
| Essex Property Trust, Inc. (ESS)vs › | $17.54B | 1.27 | 1.23 | 1.17 | 1.13 |
| Invitation Homes Inc. (INVH)vs › | $16.36B | 0.94 | 0.86 | 0.83 | 0.84 |
| Weyerhaeuser Company (WY)vs › | $15.91B | 0.57 | 0.56 | 0.52 | 0.53 |
| Kimco Realty Corporation (KIM)vs › | $15.64B | 0.85 | 0.82 | 0.80 | 0.83 |
| Equity Residential (EQR)vs › | $23.87B | 0.81 | 0.78 | 0.73 | 0.76 |
| Host Hotels & Resorts, Inc. (HST)vs › | $15.23B | 0.88 | 0.85 | 0.78 | 0.83 |
| Mid-America Apartment Communities, Inc. (MAA)vs › | $14.52B | 1.05 | 0.90 | 0.82 | 0.80 |
| Sun Communities, Inc. (SUI)vs › | $14.11B | 0.73 | 0.65 | 0.83 | 0.83 |
| Healthpeak Properties, Inc. (DOC)vs › | $14.00B | 1.32 | 1.23 | 1.15 | 1.09 |
Debt/Equity
-3.28
Current Ratio
0.17
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-30 | -3.28 |
| 2026-03-31 | -3.24 |
| 2025-12-31 | -3.16 |
| 2025-09-30 | -3.04 |
| 2025-06-30 | -3.00 |
| 2025-03-31 | -2.95 |
| 2024-12-31 | -3.08 |
| 2024-09-30 | -2.81 |
| 2024-06-30 | -2.69 |
| 2024-03-31 | -2.76 |
| 2023-12-31 | -2.80 |
| 2023-09-30 | -2.86 |
| 2023-06-30 | -2.92 |
| 2023-03-31 | -2.87 |
| 2022-12-31 | -2.88 |
| 2022-09-30 | -2.73 |
| 2022-06-30 | -2.72 |
| 2022-03-31 | -2.75 |
| 2021-12-31 | -2.75 |
| 2021-09-30 | -2.84 |
| 2021-06-30 | -2.94 |
| 2021-03-31 | -2.84 |
| 2020-12-31 | -2.78 |
| 2020-09-30 | -2.90 |
| 2020-06-30 | -3.00 |
| 2020-03-31 | -3.00 |
| 2019-12-31 | -3.51 |
| 2019-09-30 | -3.44 |
| 2019-06-30 | -3.64 |
| 2019-03-31 | -3.70 |
| 2018-12-31 | -2.94 |
| 2018-09-30 | -3.10 |
| 2018-06-30 | -3.19 |
| 2018-03-31 | -3.63 |
| 2017-12-31 | -3.58 |
| 2017-09-30 | -3.97 |
| 2017-06-30 | -4.37 |
| 2017-03-31 | -4.52 |
| 2016-12-31 | -4.40 |
| 2016-09-30 | -5.41 |
| 2016-06-30 | -5.28 |
| 2016-03-31 | -5.20 |
| 2015-12-31 | -4.95 |
| 2015-09-30 | -5.00 |
| 2015-06-30 | -7.29 |
| 2015-03-31 | -7.68 |
| 2014-12-31 | -11.90 |
| 2014-09-30 | -25.37 |
| 2014-06-30 | 43.06 |
| 2014-03-31 | 17.34 |
| 2013-12-31 | 16.46 |
| 2013-09-30 | 12.60 |
| 2013-06-30 | 12.95 |
| 2013-03-31 | 7.70 |
| 2012-12-31 | 8.20 |
| 2012-09-30 | 12.04 |
| 2012-06-30 | 8.35 |
| 2012-03-31 | 13.75 |
| 2011-12-31 | -296.52 |
| 2011-09-30 | 530.12 |
| 2011-06-30 | 29.44 |
| 2011-03-31 | 14.10 |
| 2010-12-31 | 8.92 |
| 2010-09-30 | 7.59 |
| 2010-06-30 | 7.06 |
| 2010-03-31 | 4.45 |
| 2009-12-31 | 4.16 |
| 2009-09-30 | 3.93 |
| 2009-06-30 | 3.48 |
| 2009-03-31 | 3.62 |
| 2008-12-31 | 4.86 |
| 2008-09-30 | 7.30 |
| 2008-06-30 | 18.89 |
| 2008-03-31 | 5.97 |
| 2007-12-31 | 5.65 |
| 2007-09-30 | 6.93 |
| 2007-06-30 | 8.11 |
| 2007-03-31 | 8.20 |
| 2006-12-31 | 4.03 |
| 2006-09-30 | 3.88 |
| 2006-06-30 | 3.72 |
| 2006-03-31 | 10.38 |
| 2005-12-31 | 9.63 |
| 2005-09-30 | -18.15 |
| 2005-06-30 | -16.63 |
| 2005-03-31 | -8.46 |
| 2004-12-31 | -10.46 |
| 2004-09-30 | -32.32 |
| 2004-06-30 | -47.08 |
| 2004-03-31 | 365.39 |
| 2003-12-31 | 19.85 |
| 2003-09-30 | 9.63 |
| 2003-06-30 | 9.34 |
| 2003-03-31 | 6.77 |
| 2002-12-31 | 5.52 |
| 2002-09-30 | 4.69 |
