Corning (BUE:GLW) Interest Expense : ARS-95,640 Mil (TTM As of Dec. 2023)

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What is Corning Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corning's interest expense for the three months ended in Dec. 2023 was ARS -32,490 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ARS-95,640 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Corning's Operating Income for the three months ended in Dec. 2023 was ARS 28,158 Mil. Corning's Interest Expense for the three months ended in Dec. 2023 was ARS -32,490 Mil. Corning's Interest Coverage for the quarter that ended in Dec. 2023 was 0.87. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Corning Interest Expense Historical Data

The historical data trend for Corning's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Corning Interest Expense Chart

Corning Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-13,209.97

-22,460.88

-30,297.00

-48,953.80

-118,769.00

Corning Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-12,741.40	-15,013.80	-19,440.00	-28,695.90	-32,490.00

Corning Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ARS-95,640 Mil.

Corning (BUE:GLW) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Corning's Interest Expense for the three months ended in Dec. 2023 was ARS-32,490 Mil. Its Operating Income for the three months ended in Dec. 2023 was ARS28,158 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ARS2,906,772 Mil.

Corning's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	28158	/	-32490
	=	0.87

The higher the ratio, the stronger the company's financial strength is.

Corning (BUE:GLW) Business Description

Industry

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Address

One Riverfront Plaza, Corning, NY, USA, 14831

Website

https://www.corning.com

Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.