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.