Corning Incorporated (GLW)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,400,000 | 7,000,000 | 6,500,000 | 6,700,000 | 7,000,000 | 6,500,000 | 7,100,000 | 6,400,000 | 6,100,000 | 5,900,000 | 6,400,000 | 7,300,000 | 8,300,000 | 8,400,000 | 8,500,000 | 8,700,000 | 9,400,000 | 9,200,000 | 8,900,000 | 8,500,000 |
| Total assets | US$ in thousands | 27,735,000 | 28,322,000 | 27,179,000 | 27,618,000 | 28,500,000 | 28,278,000 | 28,645,000 | 28,822,000 | 29,499,000 | 28,735,000 | 29,718,000 | 30,257,000 | 30,154,000 | 29,706,000 | 29,806,000 | 30,143,000 | 30,775,000 | 30,267,000 | 27,546,000 | 27,859,000 |
| Debt-to-assets ratio | 0.23 | 0.25 | 0.24 | 0.24 | 0.25 | 0.23 | 0.25 | 0.22 | 0.21 | 0.21 | 0.22 | 0.24 | 0.28 | 0.28 | 0.29 | 0.29 | 0.31 | 0.30 | 0.32 | 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 few years, indicating a decreasing level of leverage. As of December 31, 2024, the ratio stood at 0.23, suggesting that for every dollar of assets, the company had $0.23 of debt. This indicates that a significant portion of Corning's assets is financed through equity rather than debt, which can be viewed positively by investors and creditors. The decreasing trend in the ratio signifies improved financial stability and lower risk associated with the company's capital structure.
Peer comparison
Dec 31, 2024