LUMNLumen Technologies, Inc.

$6.10

Is it safe?

Can LUMN take a bad year?

Lumen Technologies, Inc. carries $11.3B of net debt at 4.76× EBITDA: a heavy load to carry through a bad year.

$11.3B

Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
4.76×

Net debt / EBITDA · 4.58× a year ago · the load is going up

Altman Z-score
-0.25

Altman Z-score · distress zone, below 1.8

Annualised volatility
106%

Annualised volatility · three times the market's own swing

Details
Total debtQ1 2026
$13.0B
Cash and short-term investments
$1.63B
Net debt
$11.3B
EBITDA, trailing twelve months
$2.38B
Operating profit, trailing twelve months
−$317M
Total debt / EBITDA
5.44×
Annualised volatilitytwo years of daily moves
106%
Worst drawdown on file
−94%
Below its 52-week high
−48%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.