American Tower

AMT Data Centers & REITs 8/10 High Risk

8/10

↑ 6 → 8 over 12 weeks

Sector avg: 5.8/10

▲

Risk Score Increased

6/10 → 8/10

Risk level moved from Medium Risk to High Risk. Score changed by 2 points as of 2026-05-25.

What changed

▲ Near-term maturity concentration: 11.6% → 100.0% (worsened)

▲ Cash coverage: 0.36x → 0.26x (worsened)

American Tower carries $38.9B in long-term debt, with $6.1B in scheduled principal maturities. Notably, the entire $6.1B maturity schedule falls within five years, creating a concentrated refinancing window. AMT shows a debt-to-equity ratio of 11.0x — well above the typical threshold for financial stress and cash covering only 0.3x of $6.1B in near-term maturities. DebtCanary scores AMT at 8/10, signaling elevated refinancing risk that warrants close monitoring.

Maturity Schedule

As of 2026-03-31 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.

Period	Amount Due	% of Total
Year 1 (0-12 months)	$6.1B	100.0%
Year 2 (12-24 months)	N/A	N/A
Year 3 (24-36 months)	N/A	N/A
Year 4 (36-48 months)	N/A	N/A
Year 5 (48-60 months)	N/A	N/A
Beyond 5 Years	N/A	N/A
Total Scheduled Maturities	$6.1B	100.0%

Key Metrics

Total Long-Term Debt

$38.9B

Near-Term (12mo)

$6.1B

Interest Coverage

3.5x

Debt/Equity

11.04

Cash Coverage

0.26x

Operating Income

$4.8B

Score Components

Component	Value	Weight
Near-Term Maturity Concentration	100.0%	30%
Interest Coverage Ratio	3.5x	25%
Debt-to-Equity Ratio	11.04	25%
Cash Coverage of Near-Term Debt	0.26x	20%

Recent SEC Filings

Material disclosures from American Tower's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date	Form	Details
2026-05-21	8-K	Officer / Director Change, Shareholder Vote, Other Events
2026-05-20	424B2	Prospectus supplement — possible debt or equity issuance
2026-05-19	8-K	Other Events
2026-05-19	424B5	Prospectus supplement — possible debt or equity issuance
2026-05-07	8-K	Material Agreement, New Debt Obligation
2026-04-28	DEFA14A	Additional proxy materials
2026-04-28	10-Q	Quarterly report
2026-04-28	8-K	Earnings Results

Related Companies

Debt: $19.8B 12mo: $1.1B

Crown Castle

CCI

7/10

Debt: $24.3B 12mo: $4.7B

SBA Communications

SBAC

7/10

Debt: $13.0B 12mo: $1.9B

Debt: $17.1B 12mo: $216M

Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-03-31. Filing date: 2026-04-28. Data last fetched: 2026-05-25. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Complete.
View SEC EDGAR filings for American Tower →