Lumen Technologies Inc (LUMN)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 34,018,000 | 45,612,000 | 57,993,000 | 59,394,000 | 64,742,000 |
| Total stockholders’ equity | US$ in thousands | 417,000 | 10,374,000 | 11,840,000 | 11,162,000 | 13,470,000 |
| Financial leverage ratio | 81.58 | 4.40 | 4.90 | 5.32 | 4.81 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $34,018,000K ÷ $417,000K
= 81.58
The financial leverage ratio of Lumen Technologies Inc has fluctuated over the past five years, with significant changes observed. The ratio was notably high at 81.58 in 2023, indicating a substantial level of financial leverage during that year. This represented a significant increase compared to the previous year, where the ratio was much lower at 4.37 in 2022.
In 2021, the financial leverage ratio was 4.90, slightly higher than the ratio of 4.81 in 2019. However, there was a noticeable increase in leverage in 2020, with the ratio reaching 5.32.
Overall, the trend in the financial leverage ratio of Lumen Technologies Inc suggests varying levels of leverage over the years, with the company potentially adjusting its capital structure and debt levels. It is important to consider the reasons behind these fluctuations and analyze the implications of such changes on the company's financial stability and risk profile.
Peer comparison
Dec 31, 2023