Corning Incorporated

NYSE:GLW Stock Report

Market Cap: US$68.1b

Corning Balance Sheet Health

Financial Health criteria checks 4/6

Corning has a total shareholder equity of $12.0B and total debt of $7.4B, which brings its debt-to-equity ratio to 61.2%. Its total assets and total liabilities are $29.9B and $17.9B respectively. Corning's EBIT is $2.1B making its interest coverage ratio 7.3. It has cash and short-term investments of $1.6B.

Key information

61.22%

Debt to equity ratio

US$7.35b

Debt

Interest coverage ratio7.3x
CashUS$1.65b
EquityUS$12.01b
Total liabilitiesUS$17.91b
Total assetsUS$29.92b

Recent financial health updates

Corning (NYSE:GLW) Seems To Use Debt Quite Sensibly

Sep 06
Corning (NYSE:GLW) Seems To Use Debt Quite Sensibly

These 4 Measures Indicate That Corning (NYSE:GLW) Is Using Debt Reasonably Well

Feb 04
These 4 Measures Indicate That Corning (NYSE:GLW) Is Using Debt Reasonably Well

Recent updates

Corning: A Mixed Q3, Unappealing Valuations, And Stretched Price Action

Oct 29

Corning (NYSE:GLW) Has Affirmed Its Dividend Of $0.28

Oct 29
Corning (NYSE:GLW) Has Affirmed Its Dividend Of $0.28

Corning (NYSE:GLW) Is Due To Pay A Dividend Of $0.28

Oct 12
Corning (NYSE:GLW) Is Due To Pay A Dividend Of $0.28

Corning (NYSE:GLW) Seems To Use Debt Quite Sensibly

Sep 06
Corning (NYSE:GLW) Seems To Use Debt Quite Sensibly

Corning Incorporated's (NYSE:GLW) 25% Jump Shows Its Popularity With Investors

Aug 09
Corning Incorporated's (NYSE:GLW) 25% Jump Shows Its Popularity With Investors

Corning (NYSE:GLW) Has Announced A Dividend Of $0.28

Aug 03
Corning (NYSE:GLW) Has Announced A Dividend Of $0.28

Corning (NYSE:GLW) Will Pay A Dividend Of $0.28

Jul 13
Corning (NYSE:GLW) Will Pay A Dividend Of $0.28

Corning (NYSE:GLW) Shareholders Will Want The ROCE Trajectory To Continue

Jul 11
Corning (NYSE:GLW) Shareholders Will Want The ROCE Trajectory To Continue

Corning (NYSE:GLW) Is Paying Out A Dividend Of $0.28

Jun 29
Corning (NYSE:GLW) Is Paying Out A Dividend Of $0.28

Corning's (NYSE:GLW) Soft Earnings Don't Show The Whole Picture

May 09
Corning's (NYSE:GLW) Soft Earnings Don't Show The Whole Picture

Corning (NYSE:GLW) Has Affirmed Its Dividend Of $0.28

May 07
Corning (NYSE:GLW) Has Affirmed Its Dividend Of $0.28

AI Is Here, And It Needs Corning

Apr 26

Corning: Buy The Dip

Mar 12

Corning Q4: Accelerating Growth Supports Buy Rating

Feb 07

These 4 Measures Indicate That Corning (NYSE:GLW) Is Using Debt Reasonably Well

Feb 04
These 4 Measures Indicate That Corning (NYSE:GLW) Is Using Debt Reasonably Well

Revenues Tell The Story For Corning Incorporated (NYSE:GLW)

Jan 06
Revenues Tell The Story For Corning Incorporated (NYSE:GLW)

Corning: Much To Like, But It's Better Off On The Watchlist For Now

Jan 02

Is Corning Incorporated (NYSE:GLW) Trading At A 26% Discount?

Dec 03
Is Corning Incorporated (NYSE:GLW) Trading At A 26% Discount?

Corning Q3 2024 Earnings Review: EPS And Revenue Beat, Guidance Increased

Oct 29

Generative AI And Springboard Plan Drive Higher Corning Earnings

Sep 17

Corning: Bullish AI Catalysts From Partners Lumen And Google

Aug 14

Financial Position Analysis

Short Term Liabilities: GLW's short term assets ($8.7B) exceed its short term liabilities ($5.6B).

Long Term Liabilities: GLW's short term assets ($8.7B) do not cover its long term liabilities ($12.3B).

Debt to Equity History and Analysis

Debt Level: GLW's net debt to equity ratio (47.5%) is considered high.

Reducing Debt: GLW's debt to equity ratio has reduced from 62.8% to 61.2% over the past 5 years.

Debt Coverage: GLW's debt is well covered by operating cash flow (30.8%).

Interest Coverage: GLW's interest payments on its debt are well covered by EBIT (7.3x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/23 22:03
End of Day Share Price 2025/11/21 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Corning Incorporated is covered by 30 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James KelleherArgus Research Company
Timothy LongBarclays
Amir RozwadowskiBarclays