Debt to Equity
since 2005
Calculation
Corning Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Long-term debt and short-term borrowings1 | ÷ | Total Corning Incorporated shareholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.65 | = | 7,526) | ÷ | 11,551) |
| Dec 31, 2022 | 0.58 | = | 6,911) | ÷ | 12,008) |
| Dec 31, 2021 | 0.57 | = | 7,044) | ÷ | 12,333) |
| Dec 31, 2020 | 0.60 | = | 7,972) | ÷ | 13,257) |
| Dec 31, 2019 | 0.60 | = | 7,740) | ÷ | 12,907) |
| Dec 31, 2018 | 0.43 | = | 5,998) | ÷ | 13,792) |
| Dec 31, 2017 | 0.33 | = | 5,128) | ÷ | 15,698) |
| Dec 31, 2016 | 0.22 | = | 3,902) | ÷ | 17,893) |
| Dec 31, 2015 | 0.24 | = | 4,482) | ÷ | 18,788) |
| Dec 31, 2014 | 0.15 | = | 3,263) | ÷ | 21,579) |
| Dec 31, 2013 | 0.16 | = | 3,293) | ÷ | 21,162) |
| Dec 31, 2012 | 0.16 | = | 3,458) | ÷ | 21,486) |
| Dec 31, 2011 | 0.11 | = | 2,391) | ÷ | 21,078) |
| Dec 31, 2010 | 0.12 | = | 2,319) | ÷ | 19,375) |
| Dec 31, 2009 | 0.13 | = | 2,004) | ÷ | 15,543) |
| Dec 31, 2008 | 0.12 | = | 1,605) | ÷ | 13,443) |
| Dec 31, 2007 | 0.16 | = | 1,537) | ÷ | 9,496) |
| Dec 31, 2006 | 0.24 | = | 1,716) | ÷ | 7,246) |
| Dec 31, 2005 | 0.33 | = | 1,807) | ÷ | 5,487) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
Corning Inc., debt to equity, long-term trends, comparison to competitors
| Corning Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.65 | 1.79 | 0.00 | 0.19 | 0.15 |
| Dec 31, 2022 | 0.58 | 2.37 | 0.00 | 0.24 | 0.42 |
| Dec 31, 2021 | 0.57 | 1.98 | 0.00 | 0.28 | 0.09 |
| Dec 31, 2020 | 0.60 | 1.72 | 0.00 | 0.38 | 0.03 |
| Dec 31, 2019 | 0.60 | 1.19 | 0.00 | 0.73 | 0.03 |
| Dec 31, 2018 | 0.43 | 1.07 | 0.02 | 0.59 | 0.14 |
| Dec 31, 2017 | 0.33 | 0.86 | 0.02 | 0.51 | 0.21 |
| Dec 31, 2016 | 0.22 | 0.68 | 0.04 | 0.45 | 0.13 |
| Dec 31, 2015 | 0.24 | 0.54 | 0.05 | 0.42 | 0.15 |
| Dec 31, 2014 | 0.15 | 0.32 | 0.08 | 0.37 | 0.10 |
| Dec 31, 2013 | 0.16 | 0.14 | — | 0.27 | 0.09 |
| Dec 31, 2012 | 0.16 | 0.00 | — | 0.32 | 0.10 |
| Dec 31, 2011 | 0.11 | 0.00 | — | 0.36 | 0.10 |
| Dec 31, 2010 | 0.12 | 0.00 | — | 0.35 | 0.08 |
| Dec 31, 2009 | 0.13 | 0.00 | — | 0.27 | 0.06 |
| Dec 31, 2008 | 0.12 | 0.00 | — | 0.20 | 0.07 |
| Dec 31, 2007 | 0.16 | 0.00 | — | 0.20 | 0.10 |
| Dec 31, 2006 | 0.24 | 0.00 | — | 0.26 | — |
| Dec 31, 2005 | 0.33 | 0.00 | — | 0.00 | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Technology Hardware & Equipment)
Corning Inc., debt to equity, long-term trends, comparison to sector (technology hardware & equipment)
| Corning Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Dec 31, 2023 | 0.65 | 1.04 |
| Dec 31, 2022 | 0.58 | 1.35 |
| Dec 31, 2021 | 0.57 | 1.25 |
| Dec 31, 2020 | 0.60 | 1.18 |
| Dec 31, 2019 | 0.60 | 1.04 |
| Dec 31, 2018 | 0.43 | 0.91 |
| Dec 31, 2017 | 0.33 | 0.74 |
| Dec 31, 2016 | 0.22 | 0.60 |
| Dec 31, 2015 | 0.24 | 0.50 |
| Dec 31, 2014 | 0.15 | 0.33 |
| Dec 31, 2013 | 0.16 | 0.18 |
| Dec 31, 2012 | 0.16 | 0.10 |
| Dec 31, 2011 | 0.11 | 0.14 |
| Dec 31, 2010 | 0.12 | 0.17 |
| Dec 31, 2009 | 0.13 | 0.15 |
| Dec 31, 2008 | 0.12 | 0.12 |
| Dec 31, 2007 | 0.16 | 0.14 |
| Dec 31, 2006 | 0.24 | 0.19 |
| Dec 31, 2005 | 0.33 | 0.00 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Corning Inc., debt to equity, long-term trends, comparison to industry (information technology)
| Corning Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 0.65 | 0.62 |
| Dec 31, 2022 | 0.58 | 0.67 |
| Dec 31, 2021 | 0.57 | 0.76 |
| Dec 31, 2020 | 0.60 | 0.87 |
| Dec 31, 2019 | 0.60 | 0.87 |
| Dec 31, 2018 | 0.43 | 0.82 |
| Dec 31, 2017 | 0.33 | 0.81 |
| Dec 31, 2016 | 0.22 | 0.65 |
| Dec 31, 2015 | 0.24 | 0.56 |
| Dec 31, 2014 | 0.15 | 0.38 |
| Dec 31, 2013 | 0.16 | 0.29 |
| Dec 31, 2012 | 0.16 | 0.24 |
| Dec 31, 2011 | 0.11 | 0.27 |
| Dec 31, 2010 | 0.12 | 0.24 |
| Dec 31, 2009 | 0.13 | 0.25 |
| Dec 31, 2008 | 0.12 | 0.28 |
| Dec 31, 2007 | 0.16 | 0.26 |
| Dec 31, 2006 | 0.24 | 0.19 |
| Dec 31, 2005 | 0.33 | 0.15 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).