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:
GLW'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.39 Max: 1.28
Current: 0.65
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 than 74.31% of 2114
companies
in the Hardware industry
Industry Median: 0.30
vs GLW: 0.65
Corning Debt-to-Equity Historical Data
The 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.
* Premium members only.
Corning Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
0.33
0.44
0.64
0.66
0.64
Corning Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
0.68
0.64
0.64
0.62
0.65
Competitive Comparison
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.
Corning Debt-to-Equity Distribution
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.
Corning Debt-to-Equity Calculation
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
* 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.
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.
Corning Debt-to-Equity Related Terms
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.
Corning Inc 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.
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