Lumen Technologies Inc (LUMN)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 33,496,000 | 33,989,000 | 32,943,000 | 33,173,000 | 34,018,000 | 35,921,000 | 36,168,000 | 45,530,000 | 45,581,000 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $33,496,000K
= 0.00
The debt-to-assets ratio of Lumen Technologies Inc has consistently been at 0.00 from March 31, 2020, until December 31, 2024. This indicates that the company has not had any debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity capital rather than debt. While a low or zero debt-to-assets ratio can imply a strong financial position and lower financial risk, it is important to consider that excessive reliance on equity financing may limit the company's potential growth opportunities and tax advantages.
Peer comparison
Dec 31, 2024