Corning Incorporated (GLW)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 7,463,000 | 6,156,000 | 6,311,000 | 6,349,000 |
| Total current liabilities | US$ in thousands | 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 | 3,521,000 | 3,600,000 | 3,416,000 | 3,059,000 |
| Current ratio | 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 | 2.12 | 1.71 | 1.85 | 2.08 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,212,000K ÷ $4,319,000K
= 1.67
The current ratio of Corning, Inc. has shown some fluctuations over the past eight quarters. The ratio has generally been above 1, indicating that the company has had more current assets than current liabilities available to cover its short-term obligations.
The current ratio ranged from a low of 1.43 in Q2 2022 to a high of 1.70 in Q3 2023, with the most recent ratio standing at 1.67 in Q4 2023. This suggests that the company's liquidity position has improved compared to the previous quarter.
Overall, the current ratio of Corning, Inc. has been relatively stable and consistent over the periods analyzed. It is crucial for investors and stakeholders to monitor this ratio to ensure that the company can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023