Market Cap : 31.73 B | Enterprise Value : 37.68 B | PE Ratio : 16.11 | PB Ratio : 2.64 |
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Corning's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $217 Mil. Corning's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $7,355 Mil. Corning's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $11,734 Mil. Corning's debt to equity for the quarter that ended in Jun. 2022 was 0.65.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Corning's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Corning was 1.28. The lowest was 0.11. And the median was 0.39.
GLW's Debt-to-Equity is ranked worse thanThe historical data trend for Corning's Debt-to-Equity 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.
For the Electronic Components subindustry, Corning's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Hardware industry and Technology sector, Corning's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Corning's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Corning's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (149 | + | 7680) | / | 12333 | |
= | 0.63 |
Corning's Debt to Equity Ratio for the quarter that ended in Jun. 2022 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (217 | + | 7355) | / | 11734 | |
= | 0.65 |
* 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.
In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Thank you for viewing the detailed overview of Corning's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Amin Jaymin | officer: SVP and Chief Tech. Officer | ONE RIVERFRONT PLAZA CORNING NY 14831 |
Capps Cheryl C | officer: SVP & Chief Supply Chain Off. | 5830 GRANITE PARKWAY SUITE 1150 PLANO TX 75024 |
Craig Pamela | director | C/O ACCENTURE 161 N CLARK STREET CHICAGO IL 60601 |
Ferguson Roger W. Jr. | director | CORNING INCORPORATED ONE RIVERFRONT PLAZA CORNING NY 14831 |
Samsung Display Co., Ltd. | 10 percent owner | 1, SAMSUNG-RO, GIHEUNG-GU, YONGIN-SI GYEONGGI-DO M5 17113 |
Bell Michael Alan | officer: Senior VP &.GM, Optical Comm. | ONE RIVERFRONT PLAZA CORNING NY 14831 |
Becker Stefan | officer: SVP & Operations Controller | ONE RIVERFRONT PLAZA CORNING NY 14831 |
Zhang John Z | officer: Senior VP & GM, Display | ONE RIVERFRONT PLAZA CORNING NY 14831 |
Verkleeren Ronald L | officer: Senior VP & GM, Life Sciences | ONE RIVERFRONT PLAZA CORNING NY 14831 |
Nelson Avery H Iii | officer: Senior VP & GM, Automotive | ONE RIVERFRONT PLAZA CORNING NY 14831 |
Bayne John P Jr | officer: SVP & GM Mobile Consumer Elec. | ONE RIVERFRONT PLAZA CORNING NY 14831 |
Fang Li | officer: Pres.&GM Corning Greater China | ONE RIVERFRONT PLAZA CORNING NY 14831 |
Mullins Anne | officer: Senior Vice President & CDIO | ONE RIVERFRONT PLAZA CORNING NY 14831 |
France Robert P. | officer: Senior VP, Human Resources | ONE RIVERFRONT PLAZA CORNING NY 14831 |
Brun Leslie A | director | 435 DEVON PARK DRIVE 700 BUILDING WAYNE PA 19087 |
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