Lumen Technologies Inc (LUMN)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,775,000 | 4,646,000 | 4,873,000 | 5,405,000 | 5,451,000 | 9,382,000 | 11,790,000 | 11,772,000 | 11,536,000 | 11,701,000 | 3,746,000 | 3,293,000 | 3,176,000 | 3,504,000 | 4,858,000 | 4,690,000 | 4,768,000 | 4,589,000 | 3,878,000 | 3,820,000 |
| Total current liabilities | US$ in thousands | 3,534,000 | 3,920,000 | 3,963,000 | 4,848,000 | 4,897,000 | 8,715,000 | 5,781,000 | 5,655,000 | 7,169,000 | 8,300,000 | 6,510,000 | 7,787,000 | 6,634,000 | 5,879,000 | 7,472,000 | 5,703,000 | 7,258,000 | 6,589,000 | 6,495,000 | 5,373,000 |
| Current ratio | 1.35 | 1.19 | 1.23 | 1.11 | 1.11 | 1.08 | 2.04 | 2.08 | 1.61 | 1.41 | 0.58 | 0.42 | 0.48 | 0.60 | 0.65 | 0.82 | 0.66 | 0.70 | 0.60 | 0.71 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,775,000K ÷ $3,534,000K
= 1.35
The current ratio of Lumen Technologies Inc has fluctuated over the past eight quarters, ranging from a low of 1.08 to a high of 2.08. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable.
In Q4 2023, the current ratio stood at 1.35, indicating that the company had $1.35 in current assets for every $1 in current liabilities. Compared to the previous quarter, there was an improvement from 1.19 in Q3 2023.
Despite this improvement in Q4 2023, the current ratio remains below the levels seen in Q2 and Q1 of 2022 when the ratio was above 2. This suggests that Lumen Technologies Inc had relatively stronger liquidity positions back in 2022 compared to the recent quarters.
Overall, while the current ratio of 1.35 in Q4 2023 signals that the company has adequate current assets to cover its short-term obligations, it is important to monitor future trends to ensure the company maintains a healthy liquidity position.
Peer comparison
Dec 31, 2023