Lumen Technologies (FRA:CYTH) Interest Expense : €-1,081 Mil (TTM As of Mar. 2024)

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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 Mar. 2024 was € -268 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-1,081 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 Mar. 2024 was € 26 Mil. Lumen Technologies's Interest Expense for the three months ended in Mar. 2024 was € -268 Mil. Lumen Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 0.10. 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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-1,818.90

-1,371.10

-1,346.97

-1,257.41

-1,061.89

Lumen Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-260.59	-271.36	-276.42	-265.93	-267.72

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1,081 Mil.

Lumen Technologies (FRA:CYTH) 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 Mar. 2024 was €-268 Mil. Its Operating Income for the three months ended in Mar. 2024 was €26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €17,104 Mil.

Lumen Technologies's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	25.76	/	-267.72
	=	0.10

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 Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Lumen Technologies (FRA:CYTH) Business Description

Industry

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

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Traded in Other Exchanges

LUMN:USA LUMN:Mexico 1CYTH:Italy 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.