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CTGG

Qwest

Communications · fiscal year ending 2023-12-31

Through the investors’ lenses

Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.

Warren Buffett 1/4
MeasureCTGGChecked against
Owner earnings$-1.07bnpositive
Return on equity-7.7%median 11.7%
Debt to equity0.20xmedian 0.79x
Operating margin-3.5%median 15.0%

Passes 1 of 4. To be clear: Warren Buffett has never said anything about Qwest. These are the company’s own figures put through the tests he described. What he looks at, and why →

Terry Smith 1/3
MeasureCTGGChecked against
Return on capital employed-1.5%median 10.1%
Cash conversionmedian 1.78x
Operating margin-3.5%median 15.0%
Debt to equity0.20xmedian 0.79x

Passes 1 of 3. To be clear: Terry Smith has never said anything about Qwest. These are the company’s own figures put through the tests he described. What he looks at, and why →

Charlie Munger 0/3
MeasureCTGGChecked against
Return on capital employed-1.5%median 10.1%
Return on equity-7.7%median 11.7%
Operating margin-3.5%median 15.0%

Passes 0 of 3. To be clear: Charlie Munger has never said anything about Qwest. These are the company’s own figures put through the tests he described. What he looks at, and why →

Chuck Akre 2/3
MeasureCTGGChecked against
Return on equity-7.7%median 11.7%
Debt to equity0.20xmedian 0.79x
Cash conversionmedian 1.78x
Return on equity, sustained8 of 108 of 10 above median

Passes 2 of 3. To be clear: Chuck Akre has never said anything about Qwest. These are the company’s own figures put through the tests he described. What he looks at, and why →

Philip Fisher 0/4
MeasureCTGGChecked against
Operating margin-3.5%median 15.0%
Net margin-14.8%median 10.2%
Return on capital employed-1.5%median 10.1%
Operating margin, held or improving-22.5%10-yr median 33.8%

Passes 0 of 4. To be clear: Philip Fisher has never said anything about Qwest. These are the company’s own figures put through the tests he described. What he looks at, and why →

Walter Schloss 1/2
MeasureCTGGChecked against
Current ratio0.44xmedian 1.25x
Debt to equity0.20xmedian 0.79x

Passes 1 of 2. To be clear: Walter Schloss has never said anything about Qwest. These are the company’s own figures put through the tests he described. What he looks at, and why →

Benjamin Graham 0/2
MeasureCTGGChecked against
Current ratio0.44x2.00x published
Long-term debt to working capital1.00x published
Positive earnings, ten years running0 yrs10 published

Passes 0 of 2. To be clear: Benjamin Graham has never said anything about Qwest. These are the company’s own figures put through the tests he described. What he looks at, and why →

Joel Greenblatt 0/1
MeasureCTGGChecked against
Return on capital employed-1.5%median 10.1%

Passes 0 of 1. To be clear: Joel Greenblatt has never said anything about Qwest. These are the company’s own figures put through the tests he described. What he looks at, and why →

Peter Lynch 1/2
MeasureCTGGChecked against
Debt to equity0.20xmedian 0.79x
Net margin-14.8%median 10.2%

Passes 1 of 2. To be clear: Peter Lynch has never said anything about Qwest. These are the company’s own figures put through the tests he described. What he looks at, and why →

Last usable year: 2023-12-31 — 32 months ago. Nothing filed since gives the figures a payout ratio needs. For a company that once paid, that usually means it stopped.
BasisPayoutWhy
Operating cash flow82.9%
why
Before capital spending.
Free cash flow 149.2%
why
After maintaining the business.
No GAAP earnings figure is shown. This company does not report the inputs for it in its XBRL filings — capital expenditure, in particular, is often folded into a single investing total rather than tagged on its own. The figure is absent from the filings, not zero, and inventing one from a balance-sheet movement would be a guess dressed as a measurement.

Spread between highest and lowest: 66.3 percentage points. Same filings, different denominators.

Coverage rating 0 / 100 — Not covered. ? Peer standing 0/50Direction 0/30Stability 0/20

Against its own history: 149.2% this year vs 70.3% median over the prior 5. A gap this size is usually a one-off — acquisition, settlement, cyclical trough — not a dividend that stopped being funded. The rating reads the latest year; the table shows the trend.

Free cash flow payout, last 6 years

Fiscal yearPayout
2023-12-31149.2%
2021-12-3125.5%
2020-12-3187.1%
2019-12-3170.3%
2018-12-3146.3%
2017-12-3190.3%
Coverage worsened sharply this year, 25.5% to 149.2%, after no clear trend before it. One year is not a trend, but it is worth knowing which direction the last one moved.

0% of the 25 communications here pay out more — at the demanding end.

The arithmetic

Where the figures came from

All public at sec.gov — you should not have to take our word for it.


Computed straight from SEC XBRL. A number that looks wrong to you is more useful to us than agreement — tell us.

What the free cash flow payout ratio measures, and where every company here sits on it.

Also on: rated not covered · when it files.

When this changes

Every figure above is recomputed whenever Qwest files. The monthly letter carries what filed, what moved, and one finding computed across every company here.

Get the letter →