Corning Incorporated (GLW)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,400,000 | 7,000,000 | 6,100,000 | 8,300,000 | 9,400,000 |
| Total assets | US$ in thousands | 27,735,000 | 28,500,000 | 29,499,000 | 30,154,000 | 30,775,000 |
| Debt-to-assets ratio | 0.23 | 0.25 | 0.21 | 0.28 | 0.31 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,400,000K ÷ $27,735,000K
= 0.23
The debt-to-assets ratio of Corning Incorporated has shown a declining trend over the past five years, decreasing from 0.31 on December 31, 2020, to 0.23 on December 31, 2024. This indicates that the company has been reducing its reliance on debt to finance its operations and investments, leading to a healthier balance sheet. A lower debt-to-assets ratio suggests lower financial risk and a greater ability to cover its liabilities with its assets. However, it is essential to continue monitoring this ratio to ensure that the company maintains a prudent level of debt relative to its total assets.
Peer comparison
Dec 31, 2024