Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lumen Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $342 Mil. Lumen Technologies's Total Assets for the quarter that ended in Sep. 2024 was $33,989 Mil.
Therefore, Lumen Technologies's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.01.
The historical rank and industry rank for Lumen Technologies's Equity-to-Asset or its related term are showing as below:
LUMN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.01 Med: 0.22 Max: 0.31
Current: 0.01
During the past 13 years, the highest Equity to Asset Ratio of Lumen Technologies was 0.31. The lowest was 0.01. And the median was 0.22.
LUMN's Equity-to-Asset is ranked worse than 91.88% of 382
companies
in the Telecommunication Services industry
Industry Median: 0.395
vs LUMN: 0.01
Lumen Technologies Equity-to-Asset Historical Data
The historical data trend for Lumen Technologies's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Lumen Technologies's Equity-to-Asset
For the Telecom Services subindustry, Lumen Technologies's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lumen Technologies's Equity-to-Asset Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Lumen Technologies's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Lumen Technologies's Equity-to-Asset falls into.
Lumen Technologies Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Lumen Technologies's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Lumen Technologies Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Lumen Technologies's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
With 450,000 route miles of fiber, Lumen Technologies is one of the United States' largest telecommunications carriers serving global enterprises. Its merger with Level 3 in 2017 and divestiture of much of its incumbent local exchange carrier, or ILEC, business in 2022 has shifted the company's operations away from its legacy consumer business and toward enterprises (now about 75% of revenue). Lumen offers businesses a full menu of communications services, providing colocation and data center services, data transportation, and end-user phone and internet service. On the consumer side, Lumen provides broadband and phone service across 37 states, where it has 4.5 million broadband customers.
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