Lumen Technologies (Lumen Technologies) Interest Expense : $-1,158 Mil (TTM As of Dec. 2023)

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What is Lumen Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lumen Technologies's interest expense for the three months ended in Dec. 2023 was $ -290 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,158 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Lumen Technologies's Operating Income for the three months ended in Dec. 2023 was $ 133 Mil. Lumen Technologies's Interest Expense for the three months ended in Dec. 2023 was $ -290 Mil. Lumen Technologies's Interest Coverage for the quarter that ended in Dec. 2023 was 0.46. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Lumen Technologies Interest Expense Historical Data

The historical data trend for Lumen Technologies's Interest Expense 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.

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Lumen Technologies Interest Expense Chart

Lumen Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2,021.00

-1,668.00

-1,522.00

-1,332.00

-1,158.00

Lumen Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-280.00	-279.00	-294.00	-295.00	-290.00

Lumen Technologies Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,158 Mil.

Lumen Technologies (NYSE:LUMN) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Lumen Technologies's Interest Expense for the three months ended in Dec. 2023 was $-290 Mil. Its Operating Income for the three months ended in Dec. 2023 was $133 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $19,831 Mil.

Lumen Technologies's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	133	/	-290
	=	0.46

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Lumen Technologies Inc interest coverage is 1.06, which is low.

Lumen Technologies (Lumen Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Lumen Technologies Inc (NYSE:LUMN) » Definitions » Interest Expense

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LUMN:Mexico 1CYTH:Italy CYTH:Germany CYTH:Germany L1MN34:Brazil

Address

100 CenturyLink Drive, Monroe, LA, USA, 71203

Website

https://www.lumen.com

With 450,000 route miles of fiber, including over 35,000 route miles of subsea fiber connecting Europe, Asia, and Latin America, 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 nearly 80% 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.

Executives

James Fowler	director	100 CENTURYLINK DRIVE, MONROE LA 71203
Christopher Stansbury	officer: EVP and CFO	C/O ARROW ELECTRONICS, INC, 9201 EAST DRY CREEK ROAD, CENTENNIAL CO 80112
Kathleen E Johnson	director, officer: President & CEO	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Quincy L Allen	director	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Ashley Haynes-gaspar	officer: EVP and Customer Exp Officer	100 CENTURYLINK DRIVE, MONROE LA 71203
Kevin P. Chilton	director	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Laurie Siegel	director	C/O VOLT INFORMATION SCIENCES, INC., 1133 AVENUE OF THE AMERICAS, 15TH FLOOR, NEW YORK NY 10036
Peter C Brown	director	909 WALNUT STE 200, KANSAS CITY MO 64106
Scott Trezise	officer: EVP, Human Resources	100 CENTURYLINK DRIVE, MONROE LA 71203
Shaun C Andrews	officer: Exec VP & Chief Mktg Officer	100 CENTURYLINK DRIVE, MONROE LA 71203
Sham Chotai	officer: EVP, Product and IT	10201 TORRE AVENUE, SUITE 350, CUPERTINO CA 95014
Michael James Roberts	director	ONE MCDONALD'S PLAZA, OAK BROOK IL 60523
Steven T Clontz	director	781 THIRD AVENUE, KING OF PRUSSIA PA 19406-1409
Martha Helena Bejar	director	C/O POLYCOM, INC., 6001 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Hal Jones	director	1150 15TH STREET, NW, WASHINGTON DC 20071