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
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