CSIMarket
 


Corning Inc  (GLW)
Other Ticker:  
 
    Sector  Technology    Industry Communications Equipment

Corning Inc's Tangible Leverage Ratio

GLW's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth


Despite a net increase in borrowings by 0.6%, Corning Inc managed to enhance Tangible Leverage Ratio in the forth quarter 2023 to 1.97, surpassing the average for Corning Inc's Tangible Leverage Ratio.

Within Communications Equipment industry in the forth quarter 2023 only one company has achieved lower Tangible Leverage Ratio than Corning Inc during the forth quarter 2023. While Tangible Leverage Ratio total ranking has improved so far in the forth quarter 2023 to 1193, from total ranking in the third quarter 2023 at 2024 .

Explain Tangible Leverage Ratio?
What is GLW Market Share?
What are GLW´s Total Liabilities?


GLW Tangible Leverage Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity Change -3.04 % 3.73 % -1.75 % -3.21 % -1.38 %
Y / Y Total Liabilities Change -3.1 % -3.46 % -4.18 % -5.4 % -1.85 %
Tangible Leverage Ratio MRQ 1.97 2 2.06 1.92 1.98
GLW's Total Ranking # 1193 # 2024 # 385 # 1032 # 537
Seq. Tangible Equity Change 1.77 % 0.93 % -5.16 % -0.46 % 8.87 %
Seq. Total Liabilities Change 0.6 % -2.23 % 1.99 % -3.4 % 0.23 %



Tangible Leverage Ratio forth quarter 2023 Company Ranking
Within: No.
Communications Equipment Industry # 2
Technology Sector # 227
Overall Market # 1193


Tangible Leverage Ratio Statistics
High Average Low
1.54 0.78 0.3
(Dec. 31. 2004)   (Sep. 30, 2011)




Financial Statements
Corning Inc's Tangible Equity $ 8,583 Millions Visit GLW's Balance sheet
Corning Inc's Total Liabilities $ 16,949 Millions Visit GLW's Balance sheet
Source of GLW's Sales Visit GLW's Sales by Geography


Cumulative Corning Inc's Tangible Leverage Ratio

GLW's Tangible Leverage Ratio for the trailling 12 Months

GLW Tangible Leverage Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity TTM Growth -3.04 % 3.73 % -1.75 % -3.21 % -1.38 %
Y / Y Total Liabilities TTM Growth -3.1 % -3.46 % -4.18 % -5.4 % -1.85 %
Tangible Leverage Ratio TTM 1.99 1.99 2.02 2.04 2.05
Total Ranking TTM # 2 # 2164 # 9 # 21 # 4
Seq. Tangible Equity TTM Growth 1.77 % 0.93 % -5.16 % -0.46 % 8.87 %
Seq. Total Liabilities TTM Growth 0.6 % -2.23 % 1.99 % -3.4 % 0.23 %


On the trailing twelve months basis Despite of the net new borrowings of 0.6% during the twelve months period ending in IV Quarter 2023 Corning Inc has managed to unchanged Tangible Leverage Ratio in the IV Quarter 2023 to 1.99, above the GLW'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 2, from total ranking in previous 12 month period at 2164.

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 # 2


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
1.44 0.75 0.31
(Dec 31 2022)   (Sep. 30, 2011)




Companies with similar Tangible Leverage Ratio in the quarter ending Dec 31 2023, within Communications Equipment Industry Tangible Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Tangible Equity
Esco Technologies inc   3.18 $ 618.432  Millions$ 194.440  Millions
Corning Inc  1.97 $ 16,949.000  Millions$ 8,583.000  Millions
Iridium Communications Inc   1.96 $ 1,659.034  Millions$ 847.004  Millions
Iteris inc   1.34 $ 40.411  Millions$ 30.211  Millions
Optical Cable Corporation  0.75 $ 17.146  Millions$ 22.795  Millions

Date modified: 2024-02-12T20:02:31+00:00



Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com