Lumen Technologies Inc (LUMN)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,889,000 | 2,640,000 | 1,497,000 | 1,582,000 | 2,234,000 | 311,000 | 411,000 | 1,148,000 | 1,251,000 | 252,000 | 360,000 | 366,000 | 354,000 | 635,000 | 935,000 | 486,000 | 406,000 | 526,000 | 1,763,000 | 1,564,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.52 | 0.67 | 0.40 | 0.41 | 0.63 | 0.08 | 0.10 | 0.24 | 0.26 | 0.03 | 0.06 | 0.06 | 0.05 | 0.08 | 0.14 | 0.06 | 0.06 | 0.09 | 0.24 | 0.27 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,889,000K
+ $—K
+ $—K)
÷ $3,639,000K
= 0.52
The quick ratio of Lumen Technologies Inc has varied over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
Initially, the quick ratio was low, starting at 0.27 as of March 31, 2020, and gradually declining to 0.06 by December 31, 2021. This downward trend raises concerns about the company's liquidity position during this period.
Subsequently, there was a slight improvement in the quick ratio, with a peak of 0.67 on September 30, 2024. This increase indicates that Lumen Technologies Inc increased its ability to cover its short-term liabilities with its quick assets, suggesting a better liquidity position at that point in time.
However, the quick ratio declined to 0.52 by December 31, 2024. Although still above the levels seen earlier, this decrease may indicate a decreased ability to meet short-term obligations with liquid assets at the end of the period.
Overall, the fluctuation in Lumen Technologies Inc's quick ratio suggests varying levels of liquidity and ability to fulfill short-term commitments throughout the analyzed period. These changes in liquidity can impact the company's financial stability and operational flexibility.
Peer comparison
Dec 31, 2024