Corning Balance Sheet Health
Financial Health criteria checks 3/6
Corning has a total shareholder equity of $10.9B and total debt of $7.3B, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are $27.2B and $16.3B respectively. Corning's EBIT is $1.3B making its interest coverage ratio 4.5. It has cash and short-term investments of $1.4B.
Key information
66.7%
Debt to equity ratio
US$7.28b
Debt
Interest coverage ratio | 4.5x |
Cash | US$1.42b |
Equity | US$10.93b |
Total liabilities | US$16.25b |
Total assets | US$27.18b |
Recent financial health updates
We Think Corning (NYSE:GLW) Is Taking Some Risk With Its Debt
Mar 18These 4 Measures Indicate That Corning (NYSE:GLW) Is Using Debt Extensively
Oct 20Corning (NYSE:GLW) Takes On Some Risk With Its Use Of Debt
Jul 07Recent updates
Corning's (NYSE:GLW) Dividend Will Be $0.28
Aug 20Corning: Bullish AI Catalysts From Partners Lumen And Google
Aug 14Some Investors May Be Willing To Look Past Corning's (NYSE:GLW) Soft Earnings
Aug 09Corning (NYSE:GLW) Will Pay A Dividend Of $0.28
Jul 22What To Do After Corning Shares Rallied
Jul 09Corning (NYSE:GLW) Has Affirmed Its Dividend Of $0.28
Jun 29Corning: Better Days Are Ahead
Jun 25Investors Appear Satisfied With Corning Incorporated's (NYSE:GLW) Prospects
Jun 07Corning: The Rally Is Just Getting Started
Jun 03Corning's (NYSE:GLW) Dividend Will Be $0.28
May 22Investors Could Be Concerned With Corning's (NYSE:GLW) Returns On Capital
May 14Corning: Earnings Recovery To Monitor
May 02Corning: Near-Term Weakness But Considerable Long-Term Opportunities
Apr 16An Intrinsic Calculation For Corning Incorporated (NYSE:GLW) Suggests It's 23% Undervalued
Apr 11At US$32.96, Is Corning Incorporated (NYSE:GLW) Worth Looking At Closely?
Mar 30We Think Corning (NYSE:GLW) Is Taking Some Risk With Its Debt
Mar 18Corning: Great Time To Seize This Hidden AI Opportunity
Feb 13Investors Can Find Comfort In Corning's (NYSE:GLW) Earnings Quality
Feb 07Corning (NYSE:GLW) Has Some Difficulty Using Its Capital Effectively
Feb 04Corning: A Growth Story With Reasonable Valuation
Jan 30The Price Is Right For Corning Incorporated (NYSE:GLW)
Jan 23Corning: Recent Weakness Provides Good Buying Opportunities
Jan 13Is Corning Incorporated (NYSE:GLW) Trading At A 34% Discount?
Dec 29Corning: Strike While The Glass Is Hot
Dec 06Corning: Stock Price Decline Is Justified
Nov 28Corning (NYSE:GLW) Will Be Looking To Turn Around Its Returns
Nov 06Corning: Assessing Growth Prospects Amid Economic Uncertainties
Oct 31Corning (NYSE:GLW) Is Paying Out A Larger Dividend Than Last Year
Oct 25These 4 Measures Indicate That Corning (NYSE:GLW) Is Using Debt Extensively
Oct 20Corning: Supportive Megatrends Coupled With A Recovery Story
Oct 17Corning's (NYSE:GLW) Dividend Will Be Increased To $0.28
Oct 08Corning: Glass Technologies Behind AI And Consumer Devices Will Drive Q3 2023
Sep 27At US$31.22, Is It Time To Put Corning Incorporated (NYSE:GLW) On Your Watch List?
Sep 25Corning Incorporated's (NYSE:GLW) Intrinsic Value Is Potentially 52% Above Its Share Price
Sep 10Corning: There Is Still Time To Accumulate Shares
Aug 28Corning (NYSE:GLW) Is Increasing Its Dividend To $0.28
Aug 28Corning: A Timeless Gem Poised For A Comeback
Aug 22Corning's (NYSE:GLW) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 27Corning (NYSE:GLW) Has Some Way To Go To Become A Multi-Bagger
Jul 21Corning Stock: Bullish Into Q2 Earnings
Jul 12Corning's (NYSE:GLW) Dividend Will Be Increased To $0.28
Jul 09Corning (NYSE:GLW) Takes On Some Risk With Its Use Of Debt
Jul 07Corning (NYSE:GLW) Has Announced That It Will Be Increasing Its Dividend To $0.28
Jun 25Corning: More Measures To Expect Based On Its Management Framework
Jun 22Why Corning Stock Is A Strong Buy
Jun 08Why Corning Incorporated (NYSE:GLW) Could Be Worth Watching
Jun 07Calculating The Intrinsic Value Of Corning Incorporated (NYSE:GLW)
May 26Financial Position Analysis
Short Term Liabilities: GLW's short term assets ($7.1B) exceed its short term liabilities ($4.5B).
Long Term Liabilities: GLW's short term assets ($7.1B) do not cover its long term liabilities ($11.7B).
Debt to Equity History and Analysis
Debt Level: GLW's net debt to equity ratio (53.7%) is considered high.
Reducing Debt: GLW's debt to equity ratio has increased from 46.9% to 66.7% over the past 5 years.
Debt Coverage: GLW's debt is well covered by operating cash flow (28.2%).
Interest Coverage: GLW's interest payments on its debt are well covered by EBIT (4.5x coverage).