Corning Incorporated (GLW)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,768,000 | 1,613,000 | 1,419,000 | 1,365,000 | 1,779,000 | 1,639,000 | 1,538,000 | 1,146,000 | 1,671,000 | 1,630,000 | 1,629,000 | 2,016,000 | 2,148,000 | 2,212,000 | 2,320,000 | 2,868,000 | 2,672,000 | 2,514,000 | 2,158,000 | 2,025,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 354,000 | — | — |
| Total current liabilities | US$ in thousands | 4,919,000 | 4,637,000 | 4,526,000 | 4,175,000 | 4,319,000 | 4,285,000 | 4,411,000 | 4,773,000 | 5,175,000 | 5,167,000 | 5,530,000 | 5,061,000 | 4,806,000 | 4,337,000 | 4,624,000 | 3,513,000 | 3,767,000 | 3,849,000 | 3,020,000 | 3,191,000 |
| Cash ratio | 0.36 | 0.35 | 0.31 | 0.33 | 0.41 | 0.38 | 0.35 | 0.24 | 0.32 | 0.32 | 0.29 | 0.40 | 0.45 | 0.51 | 0.50 | 0.82 | 0.71 | 0.75 | 0.71 | 0.63 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,768,000K
+ $—K)
÷ $4,919,000K
= 0.36
The cash ratio of Corning Incorporated has shown some fluctuations over the provided period. Starting at 0.63 on March 31, 2020, the ratio increased to 0.82 by March 31, 2021, indicating a strengthening liquidity position. However, the ratio then experienced a decline, dropping to 0.29 by June 30, 2022, before recovering slightly to 0.36 by December 31, 2024.
Overall, the cash ratio remained mostly above 0.30, which suggests the company generally maintained a healthy level of cash compared to its current liabilities during the period under review. However, the downward trend in the latter half of the period may indicate potential challenges or shifts in liquidity management that investors and stakeholders should monitor closely.
Peer comparison
Dec 31, 2024