Corning Incorporated (GLW)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 8,500 | 6,900,000 | — | — |
| Total stockholders’ equity | US$ in thousands | 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 | 12,907,000 | 13,034,000 | 13,425,000 | 13,607,000 |
| Debt-to-equity ratio | 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 | 0.00 | 0.53 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $7,000,000K ÷ $11,551,000K
= 0.61
The debt-to-equity ratio of Corning, Inc. has shown fluctuations over the past eight quarters. Generally, the company has maintained a moderate level of leverage, with the ratio ranging from 0.56 to 0.67 during this period.
In Q1 2023, the debt-to-equity ratio was at its lowest point of 0.57, indicating a relatively lower level of debt compared to equity in the company's capital structure. Subsequently, in Q3 2023, the ratio increased to 0.66, representing a slight uptick in leverage.
Overall, the trend suggests that Corning, Inc. has been managing its debt levels prudently, not taking on excessive leverage that could pose significant risks to its financial stability. Investors and stakeholders may view this moderate level of debt positively, as it indicates a balanced approach to financing operations and growth.
Peer comparison
Dec 31, 2023