Lumen Technologies Inc (LUMN)
Debt-to-assets 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 | ||
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Long-term debt | US$ in thousands | 19,703,000 | 19,604,000 | 19,754,000 | 19,590,000 | 20,255,000 | 24,914,000 | — | — | 28,635,000 | — | — | — | — | — | — | — | — | — | — | — |
Total assets | US$ in thousands | 34,018,000 | 35,921,000 | 36,168,000 | 45,530,000 | 45,612,000 | 54,817,000 | 57,675,000 | 58,037,000 | 57,993,000 | 58,308,000 | 58,947,000 | 58,828,000 | 59,394,000 | 62,599,000 | 64,171,000 | 64,056,000 | 64,742,000 | 64,728,000 | 64,508,000 | 64,788,000 |
Debt-to-assets ratio | 0.58 | 0.55 | 0.55 | 0.43 | 0.44 | 0.45 | 0.00 | 0.00 | 0.49 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $19,703,000K ÷ $34,018,000K
= 0.58
The debt-to-assets ratio of Lumen Technologies Inc has shown a fluctuating trend over the past eight quarters, ranging from 0.44 to 0.59. This ratio measures the proportion of the company's total debt to its total assets, indicating the extent to which the company is funded by debt.
In Q4 2023, the debt-to-assets ratio increased to 0.59, the highest level observed in the period under review. This suggests that a larger portion of the company's assets were financed through debt in Q4 2023 compared to previous quarters.
On the other hand, in Q1 2023, the ratio was at its lowest at 0.44, indicating a lower reliance on debt to finance the company's assets.
Overall, the trend indicates that Lumen Technologies Inc has maintained a moderate level of debt relative to its assets, with some fluctuations in the ratio over the past two years. Investors and stakeholders may continue to monitor this ratio to assess the company's debt management and financial stability.
Peer comparison
Dec 31, 2023