The balance sheet appears increasingly vulnerable, as total assets contracted to $15.8 billion in 2025Q4 while the cash position remains thin at only $39 million.
| Total Current Assets | 4.5B | 1.31B | 415M | 1.04B | 490M | 500M |
| Cash & Short-Term Investments | - | - | - | - | - | - |
| Cash Only | 39M | 26M | 10M | 8M | 2M | 14M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 4.27B | 1.08B | 119M | 683M | 173M | 119M |
| Total Non-Current Assets | 11.31B | 16.05B | 15.92B | 17.91B | 17.88B | 18.16B |
| Property, Plant & Equipment | 7.45B | 8.87B | 8.77B | 8.34B | 8.25B | 8.38B |
| Fixed Asset Turnover | 0.64x | 0.62x | 0.67x | 0.77x | 0.84x | 0.87x |
| Goodwill | 3.64B | 6.96B | 6.96B | 9.36B | 9.36B | 9.36B |
| Intangible Assets | 111M | 84M | 103M | 138M | 199M | 343M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - |
| Total Assets | 15.82B | 17.36B | 16.34B | 18.96B | 18.37B | 18.66B |
| Asset Turnover | 0.30x | 0.32x | 0.36x | 0.34x | 0.38x | 0.39x |
| Asset Growth % | -8.88% | 6.27% | -13.82% | 3.19% | -1.55% | - |
| Total Current Liabilities | 653M | 966M | 933M | 746M | 2.04B | 3.6B |
| Accounts Payable | 152M | 221M | 362M | 231M | 206M | 292M |
| Days Payables Outstanding | - | 54.47 | 83.57 | 52.05 | 44.36 | 55.28 |
| Short-Term Debt | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - |
| Other Current Liabilities | 358M | 338M | 359M | 365M | 416M | 408M |
| Current Ratio | 6.90x | 1.35x | 0.44x | 1.40x | 0.24x | 0.14x |
| Quick Ratio | 6.90x | 1.35x | 0.44x | 1.40x | 0.24x | 0.14x |
| Cash Conversion Cycle | - | - | - | - | - | - |
| Total Non-Current Liabilities | 4.25B | 4.15B | 4.65B | 4.64B | 4.7B | 4.96B |
| Long-Term Debt | 1.69B | 1.69B | 2.15B | 2.15B | 2.15B | 2.38B |
| Capital Lease Obligations | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - |
| Total Liabilities | 4.9B | 5.12B | 5.58B | 5.39B | 6.74B | 8.56B |
| Total Debt | 1.69B | 1.99B | 2.29B | 2.24B | 3.5B | 5.16B |
| Net Debt | 1.65B | 1.97B | 2.27B | 2.23B | 3.49B | 5.15B |
| Debt / Equity | 0.15x | 0.16x | 0.21x | 0.16x | 0.30x | 0.51x |
| Debt / EBITDA | - | 0.71x | 3.64x | 0.62x | 0.85x | 1.28x |
| Net Debt / EBITDA | - | 0.70x | 3.62x | 0.62x | 0.85x | 1.28x |
| Interest Coverage | -9.71x | 33.48x | 27.63x | 16.02x | 10.87x | 7.68x |
| Total Equity | 10.92B | 12.24B | 10.76B | 13.57B | 11.63B | 10.1B |
| Equity Growth % | -10.84% | 13.82% | -20.72% | 16.61% | 15.22% | - |
| Book Value per Share | 999999.00 | 999999.00 | 999999.00 | 999999.00 | 999999.00 | 999999.00 |
| Total Shareholders' Equity | 10.92B | 12.24B | 10.76B | 13.57B | 11.63B | 10.1B |
| Common Stock | 10.05B | 10.05B | 10.05B | 10.05B | 10.05B | 10.05B |
| Retained Earnings | 866M | 2.19B | 706M | 3.52B | 1.58B | 48M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Terminal legacy asset impairment
As reported in recent financial statements, Qwest Corp.'s total assets have declined from $17.9 billion in 2025Q3 to $15.8 billion in 2025Q4, signaling a rapid contraction that reflects both the divestiture of legacy infrastructure and the ongoing economic obsolescence of the company's core wireline network assets.
The significant reduction in the asset base suggests that the company is aggressively shedding or writing down its physical footprint to align with declining revenue. Investors should monitor whether this trajectory represents a strategic pivot or a forced liquidation of value-generating capacity in the face of persistent subscriber losses.
Based on the provided balance sheet data, net property, plant, and equipment fell from $8.8 billion in 2024Q1 to $7.4 billion by 2025Q4, while goodwill saw a material reduction, indicating that the company is actively adjusting its carrying values to reflect the diminished utility of its network.
The decline in PPE suggests that capital expenditures are failing to keep pace with the depreciation of legacy copper assets, potentially limiting future service quality. The concurrent reduction in goodwill warrants further investigation, as it may imply that previous acquisitions are no longer providing the expected economic benefits.
According to the latest quarterly filings, the company maintains a cash balance of only $39 million against a massive revenue base of $4.7 billion, which appears to leave the entity with an extremely thin buffer to absorb operational shocks or fund necessary emergency network maintenance requirements.
While the current ratio appears elevated at 6.90, this figure is likely distorted by the specific composition of current assets rather than actual liquid cash availability. The minimal cash position suggests that the company may be reliant on parent-level support, creating significant liquidity risk if intercompany funding lines are restricted.
As indicated by the company's financial disclosures, equity has experienced significant volatility, dropping from $13.0 billion in 2025Q3 to $10.9 billion in 2025Q4, a trend that appears driven by the rapid erosion of retained earnings as the business struggles to maintain profitability in its core segments.
The sharp decline in retained earnings suggests that the company is consuming its accumulated capital to cover operational losses and debt service. This trend may indicate that the equity base is being eroded by structural inefficiencies rather than temporary market fluctuations, necessitating a closer look at long-term solvency.
Quick answers to the most common questions about buying CTBB stock.
As of 2025, Qwest Corp. NT (CTBB) had total assets of $15.82B including $4.50B in current assets.
Qwest Corp. NT (CTBB) carries total debt of $1.69B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Qwest Corp. NT (CTBB) has total shareholders' equity (book value) of $10.92B ($999999.00 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Qwest Corp. NT (CTBB) reported a current ratio of 6.90x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.