Corning Balance Sheet Health
Financial Health criteria checks 3/6
Corning has a total shareholder equity of $11.5B and total debt of $7.4B, which brings its debt-to-equity ratio to 64.6%. Its total assets and total liabilities are $28.3B and $16.9B respectively. Corning's EBIT is $1.2B making its interest coverage ratio 4.3. It has cash and short-term investments of $1.6B.
Key information
64.6%
Debt to equity ratio
US$7.41b
Debt
| Interest coverage ratio | 4.3x |
| Cash | US$1.61b |
| Equity | US$11.47b |
| Total liabilities | US$16.86b |
| Total assets | US$28.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0R2X's short term assets ($7.7B) exceed its short term liabilities ($4.6B).
Long Term Liabilities: 0R2X's short term assets ($7.7B) do not cover its long term liabilities ($12.2B).
Debt to Equity History and Analysis
Debt Level: 0R2X's net debt to equity ratio (50.5%) is considered high.
Reducing Debt: 0R2X's debt to equity ratio has increased from 47.6% to 64.6% over the past 5 years.
Debt Coverage: 0R2X's debt is well covered by operating cash flow (27.4%).
Interest Coverage: 0R2X's interest payments on its debt are well covered by EBIT (4.3x coverage).