T-Mobile US debt and dilution31

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

—

Cash & equivalents

USD millions

$2,825M

Net debt

USD millions

—

Debt / equity

—

Debt / assets

—

Net debt / EBITDA

× · TTM

—

Debt / FCF

× · TTM

—

Interest coverage

× · TTM

—

Current ratio

0.92×

Diluted shares

Million shares

1,082.41M shares

Basic shares

Million shares

1,081.77M shares

Share count growth

-4.5%

Share repurchases

USD millions

$2,320M

Quarterly data

T-Mobile US capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	—	2,825	—	—	—	—	—	—	0.92×	1,082.41	1,081.77	-4.5%	2,320
FY 2026 Q1	Mar 31, 2026	—	3,520	—	—	—	—	—	—	1.09×	1,102.05	1,100.17	-3.54%	4,826
FY 2025 Q4	Dec 31, 2025	91,417	5,598	85,819	1.54×	41.7%	2.7×	5.08×	—	1×	1,113.73	1,110.9	-3.79%	2,446
FY 2025 Q3	Sep 30, 2025	—	3,310	—	—	—	—	—	—	0.89×	1,126.63	1,123.75	-3.7%	2,479
FY 2025 Q2	Jun 30, 2025	—	10,259	—	—	—	—	—	—	1.21×	1,134.85	1,132.76	-3.19%	2,555
FY 2025 Q1	Mar 31, 2025	—	12,003	—	—	—	—	—	—	1.16×	1,144.66	1,140.54	-3.78%	2,494
FY 2024 Q4	Dec 31, 2024	82,333	5,409	76,924	1.33×	39.58%	2.49×	6.12×	—	0.91×	1,160.04	1,154.68	-0.23%	4,687
FY 2024 Q3	Sep 30, 2024	—	9,754	—	—	—	—	—	—	1.08×	1,170.65	1,166.96	-0.37%	560
FY 2024 Q2	Jun 30, 2024	—	6,417	—	—	—	—	—	—	0.84×	1,172.45	1,170.03	-1.93%	2,387
FY 2024 Q1	Mar 31, 2024	—	6,708	—	—	—	—	—	—	0.94×	1,189.09	1,185.3	-2.81%	3,594
FY 2023 Q4	Dec 31, 2023	78,637	5,135	73,502	1.22×	37.86%	2.71×	8.98×	—	0.91×	1,206.21	1,157.3	-6.73%	2,183
FY 2023 Q3	Sep 30, 2023	78,735	5,030	73,705	1.22×	37.75%	2.8×	12.23×	—	0.86×	1,174.39	1,171.34	-6.58%	2,681
FY 2023 Q2	Jun 30, 2023	85,603	6,647	78,956	1.3×	40.65%	3.28×	19.79×	—	0.82×	1,195.53	1,193.08	-4.85%	3,591
FY 2023 Q1	Mar 31, 2023	—	4,540	—	—	—	—	—	—	0.79×	1,224.6	1,219.61	-2.47%	4,619
FY 2022 Q4	Dec 31, 2022	75,629	4,507	71,122	1.09×	35.79%	3.52×	26.9×	—	0.77×	1,247.41	1,240.8	-0.68%	2,443
FY 2022 Q3	Sep 30, 2022	—	6,888	—	—	—	—	—	—	0.81×	1,259.21	1,253.87	0.46%	557
FY 2022 Q2	Jun 30, 2022	—	3,151	—	—	—	—	—	—	0.85×	1,253.93	1,253.93	0.51%	0
FY 2022 Q1	Mar 31, 2022	—	3,245	—	—	—	—	—	—	0.81×	1,255.37	1,250.51	0.56%	0
FY 2021 Q4	Dec 31, 2021	73,832	6,631	67,201	1.07×	35.74%	2.89×	46.41×	2.16×	0.89×	1,255.89	1,249.27	0.62%	0
FY 2021 Q3	Sep 30, 2021	—	4,055	—	—	—	—	—	2.39×	0.87×	1,253.66	1,248.19	0.79%	0
FY 2021 Q2	Jun 30, 2021	—	7,793	—	—	—	—	—	2.72×	0.94×	1,253.72	1,247.56	—	0
FY 2021 Q1	Mar 31, 2021	—	6,677	—	—	—	—	—	—	0.96×	1,252.78	1,243.52	—	—
FY 2020 Q4	Dec 31, 2020	70,988	10,385	60,603	1.09×	35.47%	2.92×	—	2.67×	1.1×	1,251.57	1,241.58	44.99%	0
FY 2020 Q3	Sep 30, 2020	—	6,571	—	—	—	—	—	—	0.98×	1,249.8	1,238.45	44.92%	2,546
FY 2019 Q4	Dec 31, 2019	11,008	1,528	9,480	0.38×	12.66%	0.77×	25.42×	7.87×	0.74×	864.16	856.29	0.85%	0
FY 2019 Q3	Sep 30, 2019	11,431	1,653	9,778	0.41×	13.28%	0.81×	—	7.61×	0.66×	862.69	854.58	0.88%	0
FY 2019 Q2	Jun 30, 2019	11,254	1,105	10,149	0.42×	13.27%	0.84×	—	7.47×	0.62×	860.14	854.37	0.79%	0
FY 2019 Q1	Mar 31, 2019	11,202	1,439	9,763	0.43×	13.48%	0.81×	—	7.21×	0.66×	858.64	851.22	-0.47%	0
FY 2018 Q4	Dec 31, 2018	12,965	1,203	11,762	0.52×	17.89%	1×	—	6.36×	0.81×	856.34	849.1	1.4%	0
FY 2018 Q3	Sep 30, 2018	12,776	329	12,447	0.52×	18.2%	1.07×	—	5.9×	0.85×	853.85	847.09	1.91%	0
FY 2018 Q2	Jun 30, 2018	13,069	215	12,854	0.56×	18.75%	1.14×	11.95×	5.42×	0.76×	852.04	847.66	2.01%	405
FY 2018 Q1	Mar 31, 2018	15,447	2,527	12,920	0.68×	21.45%	1.16×	7.95×	5.02×	0.78×	862.24	855.22	3.32%	666
FY 2017 Q4	Dec 31, 2017	13,733	1,219	12,514	0.61×	19.46%	1.15×	5.04×	4.4×	0.77×	871.5	837.42	1.51%	427
FY 2017 Q3	Sep 30, 2017	13,721	739	12,982	0.68×	20.2%	1.21×	5.89×	3.96×	0.92×	871.42	831.19	1%	0
FY 2017 Q2	Jun 30, 2017	13,728	181	13,547	0.7×	20.44%	1.28×	6.9×	3.33×	0.77×	870.46	830.97	1.04%	0
FY 2017 Q1	Mar 31, 2017	20,647	7,501	13,146	1.09×	30.34%	1.32×	10.71×	2.63×	1.04×	869.4	827.72	1.01%	0
FY 2016 Q4	Dec 31, 2016	22,186	5,500	16,686	1.22×	33.67%	1.66×	15.48×	2.68×	1.58×	867.26	824.98	1.03%	—
FY 2016 Q3	Sep 30, 2016	22,150	5,352	16,798	1.24×	34.46%	1.72×	14.85×	2.66×	1.67×	832.26	823	0.97%	—
FY 2016 Q2	Jun 30, 2016	21,832	5,538	16,294	1.26×	34.13%	1.84×	16.51×	2.53×	1.63×	829.75	822.43	1.33%	—
FY 2016 Q1	Mar 31, 2016	20,870	3,647	17,223	1.22×	33.09%	2.1×	23.91×	2.62×	1.42×	859.38	819.43	1.34%	—
FY 2015 Q4	Dec 31, 2015	20,666	4,582	16,084	1.25×	33.1%	2.38×	29.95×	1.9×	1.56×	824.72	816.59	1.14%	—
FY 2015 Q3	Sep 30, 2015	16,556	2,633	13,923	1.02×	28.31%	2.29×	—	1.59×	1.43×	822.02	815.07	0.97%	—
FY 2015 Q2	Jun 30, 2015	16,772	2,642	14,130	1.04×	29.33%	2.53×	—	1.15×	1.41×	821.12	811.61	0.96%	—
FY 2015 Q1	Mar 31, 2015	16,728	3,032	13,696	1.07×	29.58%	2.28×	—	1.48×	1.35×	808.61	808.61	0.76%	—
FY 2014 Q4	Dec 31, 2014	16,360	5,315	11,045	1.04×	28.88%	1.9×	—	1.32×	1.59×	821.71	807.4	5.96%	—
FY 2014 Q3	Sep 30, 2014	17,452	5,787	11,665	1.2×	31.66%	2.14×	—	1.08×	1.55×	807.22	807.22	11.05%	—
FY 2014 Q2	Jun 30, 2014	14,641	3,080	11,561	1.01×	28.34%	2.09×	—	1.47×	1.39×	813.56	803.92	20.96%	—
FY 2014 Q1	Mar 31, 2014	14,482	5,471	9,011	1.02×	28.87%	2×	—	0.76×	2.12×	802.52	802.52	339.74%	—
FY 2013 Q4	Dec 31, 2013	14,589	5,891	8,698	1.02×	29.21%	1.88×	—	1.83×	2.11×	761.96	761.96	42.35%	—
FY 2013 Q3	Sep 30, 2013	6,956	2,365	4,591	0.56×	15.2%	1.57×	—	1.74×	1.44×	726.88	726.88	299.84%	—
FY 2013 Q2	Jun 30, 2013	6,486	2,362	4,124	0.52×	14.5%	1.96×	—	2.19×	1.35×	664.6	664.6	265.91%	—
FY 2013 Q1	Mar 31, 2013	8,257.41	2,701.28	5,556.13	2.43×	60.44%	3.72×	20.06×	2.96×	2.12×	183.28	182.5	0.63%	2.22
FY 2012 Q4	Dec 31, 2012	4,760.75	2,368.3	2,392.45	1.42×	46.72%	1.63×	14.19×	2.99×	3.76×	535.29	535.29	195.47%	0.96
FY 2012 Q3	Sep 30, 2012	4,767.29	2,057.34	2,709.95	1.43×	47.33%	1.78×	12.61×	3.35×	4.06×	182.51	181.79	0.43%	0.87
FY 2012 Q2	Jun 30, 2012	4,761.74	1,901.17	2,860.57	1.53×	48.94%	2.07×	17.51×	2.89×	3.9×	181.76	181.63	0.84%	0.62
FY 2012 Q1	Mar 31, 2012	4,760.69	1,886.24	2,874.45	1.61×	50.06%	2.28×	22.28×	2.55×	3.56×	182.14	181.36	1.61%	1.89
FY 2011 Q4	Dec 31, 2011	4,744.48	1,943.28	2,801.2	1.62×	50.03%	2.18×	27.58×	2.86×	3.36×	182.1	181.17	2.12%	0.56
FY 2011 Q3	Sep 30, 2011	4,743.85	1,840.76	2,903.09	1.68×	51.12%	2.3×	37.44×	2.87×	3.27×	182.43	181.01	2.28%	0.77
FY 2011 Q2	Jun 30, 2011	4,746.93	1,855.99	2,890.93	1.73×	52.16%	2.28×	22.34×	3.04×	3.54×	182.7	180.11	1.97%	1.14
FY 2011 Q1	Mar 31, 2011	4,282.6	1,321.55	2,961.05	1.63×	49.52%	2.41×	61.48×	3.01×	2.47×	180.7	178.49	—	2.46
FY 2010 Q4	Dec 31, 2010	3,779.28	796.53	2,982.75	1.49×	47.73%	2.55×	18.52×	2.73×	1.99×	178.87	177.4	—	0.33
FY 2010 Q3	Sep 30, 2010	4,334.55	889.78	3,444.77	1.73×	52.09%	—	—	—	3.26×	178.21	176.98	—	0.73
FY 2010 Q2	Jun 30, 2010	3,648.46	776.54	2,871.92	1.51×	48.78%	—	—	—	2.2×	177.84	176.64	—	0.23

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · TMUS, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.