Crown Castle International Corp. (NYSE: CCI) has $24.0 billion in total debt. This figure is a key indicator of the company's financial structure and leverage.
Understanding Crown Castle's Debt Profile
Crown Castle, a leading provider of shared communications infrastructure, manages a significant amount of debt as part of its operations. The total debt of $24.0 billion is a crucial component when assessing the company's financial health and its ability to meet its obligations.
Key Financial Metrics
To put Crown Castle's debt into perspective, it's essential to look at other related financial metrics. These figures provide a more comprehensive view of how the debt is managed relative to the company's equity, assets, and earnings.
| Financial Metric | Value |
|---|---|
| Total Debt | $24.0 billion |
| Total Shareholder Equity | $5.3 billion |
| Debt-to-Equity Ratio | 453.8% |
| Total Assets | $38.0 billion |
| Total Liabilities | $32.7 billion |
| Earnings Before Interest & Taxes (EBIT) | $2.3 billion |
| Interest Coverage Ratio | 2.6 |
(Data as of recent financial reporting, subject to change. For up-to-date information, please refer to official financial statements or reliable financial data providers like Simply Wall St.)
Implications of Crown Castle's Debt
- Debt-to-Equity Ratio (D/E): Crown Castle's debt-to-equity ratio of 453.8% indicates that the company relies heavily on debt financing compared to shareholder equity. A higher ratio generally suggests greater financial leverage.
- Total Liabilities vs. Total Assets: With total liabilities at $32.7 billion against total assets of $38.0 billion, a substantial portion of the company's assets are financed by liabilities, including its debt.
- Interest Coverage Ratio: The interest coverage ratio of 2.6, calculated by dividing Earnings Before Interest and Taxes (EBIT) of $2.3 billion by its interest expenses, shows the company's ability to cover its interest payments with its operating earnings. A ratio above 1 indicates that the company can meet its interest obligations, though a higher ratio generally signifies a stronger ability to service its debt.
These metrics collectively offer insights into Crown Castle's financial risk and its capacity to manage its substantial debt load while continuing its operations and investments in communications infrastructure.
