Corning Incorporated (GLW)
Debt-to-equity 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-equity ratio | 0.60 | 0.61 | 0.51 | 0.67 | 0.71 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,400,000K ÷ $10,686,000K
= 0.60
The debt-to-equity ratio of Corning Incorporated has shown a declining trend over the past five years, decreasing from 0.71 as of December 31, 2020, to 0.60 as of December 31, 2024. This indicates that the company has been relying less on debt and more on equity to finance its operations and growth. A lower debt-to-equity ratio generally signifies a lower level of financial risk for the company, as it suggests a healthier balance between debt and equity in its capital structure. However, the ratio fluctuated during the period, reaching a low of 0.51 on December 31, 2022, before increasing slightly to 0.61 on December 31, 2023. Overall, the decreasing trend in the debt-to-equity ratio reflects Corning's efforts to strengthen its financial position and reduce its reliance on borrowed funds.
Peer comparison
Dec 31, 2024