Corning Incorporated (GLW)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 27,735,000 | 28,322,000 | 27,179,000 | 27,618,000 | 28,500,000 | 28,278,000 | 28,645,000 | 28,822,000 | 29,499,000 | 28,735,000 | 29,718,000 | 30,257,000 | 30,154,000 | 29,706,000 | 29,806,000 | 30,143,000 | 30,775,000 | 30,267,000 | 27,546,000 | 27,859,000 |
| 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 |
| Financial leverage ratio | 2.60 | 2.55 | 2.57 | 2.46 | 2.47 | 2.47 | 2.51 | 2.42 | 2.46 | 2.55 | 2.53 | 2.44 | 2.44 | 2.45 | 2.49 | 2.25 | 2.32 | 2.39 | 2.29 | 2.28 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $27,735,000K ÷ $10,686,000K
= 2.60
The financial leverage ratio of Corning Incorporated has shown some fluctuations over the past few years, ranging from 2.25 to 2.60. This ratio indicates that the company relies more on debt financing than equity to fund its operations and investments. A higher financial leverage ratio suggests that Corning has a higher level of debt relative to its equity, which can increase financial risk but also potentially enhance returns for shareholders. It is important for investors and stakeholders to monitor changes in this ratio to assess the company's ability to meet its debt obligations and its overall financial health.
Peer comparison
Dec 31, 2024