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Corning Inc's Tangible Leverage Ratio
GLW's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth
Due to net new borrowing of 1.23%, Tangible Leverage Ratio fell to 2.15, a new company high.
Within Communications Equipment industry in the second quarter 2024, 4 other companies have achieved lower Tangible Leverage Ratio than Corning Inc in the II Quarter 2024. While Tangible Leverage Ratio total ranking has improved so far in the second quarter 2024 to 1374, from total ranking in the first quarter 2024 at 1543 .
Explain Tangible Leverage Ratio?
What is GLW Market Share?
What are GLW´s Total Liabilities?
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Select the Comparisons :
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Select the Ratio:
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Tangible Leverage Ratio ▼
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Tangible Leverage Ratio ▼
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| GLW Tangible Leverage Ratio |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Dec 31 2023)
IV. Quarter |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
| Y / Y Tangible Equity Change |
-7.54 % |
-5.6 % |
-3.04 % |
3.73 % |
-1.75 % |
| Y / Y Total Liabilities Change |
-3.71 % |
-2.99 % |
-3.1 % |
-3.46 % |
-4.18 % |
| Tangible Leverage Ratio MRQ |
2.15 |
1.97 |
1.97 |
2 |
2.06 |
| GLW's Total
Ranking |
# 1374 |
# 1543 |
# 1854 |
# 2419 |
# 2555 |
| Seq. Tangible Equity Change |
-7.12 % |
-3.09 % |
1.77 % |
0.93 % |
-5.16 % |
| Seq. Total Liabilities Change |
1.23 % |
-3.29 % |
0.6 % |
-2.23 % |
1.99 % |
| Tangible Leverage Ratio second quarter 2024 Company Ranking |
| Within: |
No. |
| Communications Equipment Industry |
# 5 |
| Technology Sector |
# 225 |
| Overall Market |
# 1373 |
| Tangible Leverage Ratio Statistics |
| High |
Average |
Low |
| 2.15 |
1 |
0.31 |
| (Jun 30 2024) |
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(Sep. 30, 2011) |
Cumulative Corning Inc's Tangible Leverage Ratio
GLW's Tangible Leverage Ratio for the trailling 12 Months
GLW Tangible Leverage Ratio |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Dec 31 2023)
IV. Quarter |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
| Y / Y Tangible Equity TTM Growth |
-7.54 % |
-5.6 % |
-3.04 % |
3.73 % |
-1.75 % |
| Y / Y Total Liabilities TTM Growth |
-3.71 % |
-2.99 % |
-3.1 % |
-3.46 % |
-4.18 % |
| Tangible Leverage Ratio TTM |
2.02 |
2 |
1.99 |
1.99 |
2.02 |
| Total
Ranking TTM |
# 5
| # 1635
| # 2
| # 73
| # 1
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| Seq. Tangible Equity TTM Growth |
-7.12 % |
-3.09 % |
1.77 % |
0.93 % |
-5.16 % |
| Seq. Total Liabilities TTM Growth |
1.23 % |
-3.29 % |
0.6 % |
-2.23 % |
1.99 % |
On the trailing twelve months basis Due to the net new borrowing of 1.23% during the trailing twelve months finishing in the II Quarter 2024, cumulativeTangible Leverage Ratio improved to 2.02, above the Corning Inc's average Tangible Leverage Ratio. Tangible Leverage Ratio is the average cumulative value over the last four quarters.
Among companies in the Communications Equipment industry GLW recorded the lowest Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has improved so far to 5, from total ranking in previous 12 month period at 1635.
Explain Tangible Leverage Ratio?
What is GLW Market Share?
What are GLW´s Total Liabilities?
| TTM Tangible Leverage Ratio Company Ranking |
| Within: |
No. |
| Within the Communications Equipment Industry |
# 0 |
| Technology Sector |
# 0 |
| Within the Market |
# 5 |
| trailing twelve months Tangible Leverage Ratio Statistics |
| High |
Average |
Low |
| 1.44 |
0.77 |
0.31 | | (Dec 31 2022) |
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(Sep. 30, 2011) |
| Companies with similar Tangible Leverage Ratio in the quarter ending Jun 30 2024, within Communications Equipment Industry | Tangible Leverage Ratio | Jun 30 2024 MRQ Total Liabilities | Jun 30 2024 MRQ Tangible Equity | | Iridium Communications Inc | 3.06 | $ 1,809.111 Millions | $ 590.756 Millions | | Esco Technologies inc | 2.48 | $ 617.369 Millions | $ 249.333 Millions | | Corning Inc | 2.15 | $ 16,594.000 Millions | $ 7,726.000 Millions | | Knightscope inc | 1.70 | $ 13.374 Millions | $ 7.855 Millions | | Iteris inc | 1.42 | $ 47.093 Millions | $ 33.152 Millions | | Optical Cable Corporation | 0.87 | $ 17.245 Millions | $ 19.827 Millions |
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Date modified: 2024-09-07T16:24:59+00:00
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