Corning Incorporated (GLW)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 10,686,000 | 11,103,000 | 10,585,000 | 11,226,000 | 11,551,000 | 11,430,000 | 11,412,000 | 11,925,000 | 12,008,000 | 11,284,000 | 11,734,000 | 12,395,000 | 12,333,000 | 12,145,000 | 11,960,000 | 13,369,000 | 13,257,000 | 12,660,000 | 12,049,000 | 12,198,000 |
| Debt-to-capital ratio | 0.37 | 0.39 | 0.38 | 0.37 | 0.38 | 0.36 | 0.38 | 0.35 | 0.34 | 0.34 | 0.35 | 0.37 | 0.40 | 0.41 | 0.42 | 0.39 | 0.41 | 0.42 | 0.42 | 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 for Corning Incorporated has shown some fluctuation over the past few years but has generally ranged between 0.34 to 0.42. This ratio indicates the proportion of the company's capital that is being financed through debt, with a lower ratio suggesting less reliance on debt financing.
Based on the data provided, the trend in Corning's debt-to-capital ratio has been decreasing marginally from 0.41 in March 2025 to 0.37 in December 2026, indicating a potential improvement in the company's capital structure and reduced reliance on debt financing. It is important to monitor this ratio alongside other financial metrics to assess the overall financial health and risk profile of the company.
Peer comparison
Dec 31, 2024