Corning Incorporated (GLW)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 10,686,000 | 11,551,000 | 12,008,000 | 12,333,000 | 13,257,000 |
| Debt-to-capital ratio | 0.37 | 0.38 | 0.34 | 0.40 | 0.41 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,400,000K ÷ ($6,400,000K + $10,686,000K)
= 0.37
The debt-to-capital ratio of Corning Incorporated has shown a gradual decrease from 0.41 in 2020 to 0.37 in 2024. This indicates that the company has been steadily improving its capital structure by reducing its reliance on debt relative to its overall capital. A declining trend in the debt-to-capital ratio suggests that Corning has been effectively managing its debt levels in relation to its equity, which can be seen as a positive sign of financial health and stability. However, it is essential to monitor this ratio over time to ensure that the company maintains a sustainable balance between debt and capital for long-term growth and stability.
Peer comparison
Dec 31, 2024