Lumen Technologies Inc (LUMN)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,394,000 | 4,736,000 | 3,554,000 | 3,727,000 | 4,775,000 | 4,646,000 | 4,873,000 | 5,405,000 | 5,420,000 | 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 |
| Total current liabilities | US$ in thousands | 3,639,000 | 3,940,000 | 3,738,000 | 3,816,000 | 3,534,000 | 3,920,000 | 3,963,000 | 4,848,000 | 4,803,000 | 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 |
| Current ratio | 1.21 | 1.20 | 0.95 | 0.98 | 1.35 | 1.19 | 1.23 | 1.11 | 1.13 | 1.08 | 2.04 | 2.08 | 1.61 | 1.41 | 0.58 | 0.42 | 0.48 | 0.60 | 0.65 | 0.82 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,394,000K ÷ $3,639,000K
= 1.21
The current ratio of Lumen Technologies Inc has shown fluctuations over the past few years. Starting at a low of 0.42 in March 31, 2021, the ratio has since improved and varied between 0.98 and 2.08 as of December 31, 2024. Generally, a current ratio below 1 indicates potential liquidity issues as current liabilities exceed current assets. The ratio began to consistently improve after September 30, 2021, surpassing 1 and reaching a peak of 2.08 on March 31, 2022. However, it dropped back to around 1 range by the end of 2024. This indicates that Lumen Technologies Inc has strengthened its ability to cover its short-term obligations with its current assets, albeit with some fluctuations over time.
Peer comparison
Dec 31, 2024