Corning Incorporated (GLW)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,992,000 | 7,676,000 | 7,121,000 | 6,971,000 | 7,212,000 | 7,298,000 | 7,293,000 | 6,877,000 | 7,453,000 | 7,804,000 | 7,883,000 | 7,861,000 | 7,659,000 | 7,679,000 | 7,648,000 | 8,103,000 | 8,004,000 | 8,058,000 | 6,846,000 | 6,946,000 |
| 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 |
| Current ratio | 1.62 | 1.66 | 1.57 | 1.67 | 1.67 | 1.70 | 1.65 | 1.44 | 1.44 | 1.51 | 1.43 | 1.55 | 1.59 | 1.77 | 1.65 | 2.31 | 2.12 | 2.09 | 2.27 | 2.18 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,992,000K ÷ $4,919,000K
= 1.62
The current ratio of Corning Incorporated has shown some fluctuations over the past several quarters. From March 31, 2020, to June 30, 2021, the current ratio increased steadily from 2.18 to 2.31, indicating a healthy liquidity position with current assets more than double the current liabilities during this period. However, from June 30, 2021, to December 31, 2024, the current ratio exhibited a downward trend, declining to 1.62.
While a current ratio above 1 generally indicates that a company can cover its short-term obligations with its current assets, the decline in Corning's current ratio in recent quarters may suggest a potential strain on its liquidity position. It is essential for the company to closely monitor its current assets and liabilities to ensure it can meet its short-term financial obligations effectively.
Overall, the current ratio analysis points to fluctuations in Corning's liquidity position over the reviewed periods. Monitoring and managing liquidity levels will be crucial for the company to navigate potential cash flow challenges in the future.
Peer comparison
Dec 31, 2024