Corning Incorporated (GLW)
Debt-to-equity 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-equity ratio | 0.60 | 0.63 | 0.61 | 0.60 | 0.61 | 0.57 | 0.62 | 0.54 | 0.51 | 0.52 | 0.55 | 0.59 | 0.67 | 0.69 | 0.71 | 0.65 | 0.71 | 0.73 | 0.74 | 0.70 |
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 downward trend from 0.70 as of March 31, 2020, to 0.60 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt financing relative to equity over the analyzed period. A decreasing debt-to-equity ratio can be a positive signal to investors as it suggests a lower financial risk and greater financial stability. The company has been effectively managing its debt levels in comparison to its equity, which may positively impact its overall financial health and capacity to weather economic challenges.
Peer comparison
Dec 31, 2024