Lumen Technologies Inc (LUMN)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	417,000	2,219,000	2,284,000	10,995,000	10,374,000	12,577,000	12,219,000	12,282,000	11,840,000	11,183,000	11,706,000	11,303,000	11,162,000	13,689,000	13,462,000	13,291,000	13,470,000	13,674,000	13,673,000	13,524,000
Debt-to-equity ratio		47.25	8.83	8.65	1.78	1.95	1.98	0.00	0.00	2.42	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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $19,703,000K ÷ $417,000K
= 47.25

The debt-to-equity ratio of Lumen Technologies Inc has shown significant fluctuations over the past eight quarters. In Q4 2023, the ratio stood at 47.93, indicating a substantial increase from the previous quarter, where it was at 8.97. This surge in the debt-to-equity ratio suggests a higher level of financial leverage, with a larger proportion of the company's financing coming from debt as compared to equity.

Comparing the Q4 2023 ratio to the same period in the previous year (Q4 2022), we observe a notable increase from 1.97 to 47.93. This signifies a considerable rise in the company's reliance on debt to fund its operations and investments.

The trend in the debt-to-equity ratio of Lumen Technologies Inc over the past year reflects a shift towards a more leveraged capital structure. It is important for stakeholders to closely monitor this trend to assess the company's ability to manage its debt levels effectively and sustain its financial health in the long term.