Corning Balance Sheet Health
Financial Health criteria checks 3/6
Corning has a total shareholder equity of $11.6B and total debt of $7.4B, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are $27.6B and $16.1B respectively. Corning's EBIT is $1.3B making its interest coverage ratio 4.3. It has cash and short-term investments of $1.4B.
Key information
63.7%
Debt to equity ratio
US$7.37b
Debt
Interest coverage ratio | 4.3x |
Cash | US$1.37b |
Equity | US$11.56b |
Total liabilities | US$16.06b |
Total assets | US$27.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLW's short term assets ($7.0B) exceed its short term liabilities ($4.2B).
Long Term Liabilities: GLW's short term assets ($7.0B) do not cover its long term liabilities ($11.9B).
Debt to Equity History and Analysis
Debt Level: GLW's net debt to equity ratio (51.9%) is considered high.
Reducing Debt: GLW's debt to equity ratio has increased from 42.7% to 63.7% over the past 5 years.
Debt Coverage: GLW's debt is well covered by operating cash flow (29.2%).
Interest Coverage: GLW's interest payments on its debt are well covered by EBIT (4.3x coverage).