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GLWCorning Inc

Interest Coverage Ratio: 6.95x

Is the interest coverage ratio high or low?

The interest coverage ratio of 6.95x is 36% above its 5-year average of 5.12x, near the high end of its 5-year range (0.87x–8.03x).

As of Friday, June 26, 2026. 1.15% above its 12-month average of 6.87x.

Interest Coverage

GLW Interest Coverage Ratio

6.95x

Reported quarterly interest coverage; no daily interpolation.

-5.78% 5Y
GLW Interest Coverage Ratio

GLW Average Interest Coverage Ratio Chart

GLW Interest Coverage Ratio

GLW Current vs Average Interest Coverage Ratio Chart

GLW Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

6.95x

INTEREST COVERAGE RATIO AVG TTM

6.87x

INTEREST COVERAGE RATIO AVG 3Y

4.56x

INTEREST COVERAGE RATIO AVG 5Y

5.12x

INTEREST COVERAGE RATIO AVG 10Y

6.07x

INTEREST COVERAGE RATIO AVG 15Y

8.47x

INTEREST COVERAGE RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

+1.15%

CURRENT VS 3Y AVG

+52.22%

CURRENT VS 5Y AVG

+35.74%

CURRENT VS 10Y AVG

+14.34%

CURRENT VS 15Y AVG

-18.03%

CURRENT VS 20Y AVG

N/A

GLW Competitors' Interest Coverage Ratio

NAMEMARKET CAPINTEREST COVERAGE RATIOTTM3Y5Y
Corning Inc (GLW)$196.34B6.95x6.87x4.56x5.12x
Palo Alto Networks, Inc. (PANW)vs ›$199.74B414.30x248.35x170.31x170.31x
Amphenol Corporation (APH)vs ›$203.17B16.24x15.69x17.57x17.24x
Arista Networks, Inc. (ANET)vs ›$208.33BN/A135.18x98.84x70.77x
QUALCOMM Incorporated (QCOM)vs ›$215.96B18.61x16.53x19.16x17.43x
CrowdStrike Holdings, Inc. (CRWD)vs ›$172.76B-10.47xN/AN/AN/A
SAP SE (SAP)vs ›$172.52B7.27x5.89x4.72x7.37x
Marvell Technology, Inc. (MRVL)vs ›$234.12B6.61x6.61x4.00x4.00x
AppLovin Corporation (APP)vs ›$149.81B20.06x13.04x9.63x7.59x
Uber Technologies, Inc. (UBER)vs ›$147.07B12.65x9.00x6.58x6.58x

Financial Health Indicators

Interest Coverage

6.9x

Debt/Equity

0.87

Current Ratio

1.59

Formula: Interest Coverage = EBIT / Interest Expense

Reference ranges:

  • < 1.5x: EBIT is less than 1.5 times interest expense
  • 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
  • 3x - 5x: EBIT is between 3 and 5 times interest expense
  • > 5x: EBIT is more than 5 times interest expense

Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.

Interest Coverage Ratio Formula & Definition

Interest Coverage = EBIT / Interest Expense

The interest coverage ratio measures operating earnings relative to interest expense.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Interest Coverage Ratio FAQ

What is the interest coverage ratio for Corning Inc (GLW)?
The interest coverage ratio for GLW stock is 6.95x.
Is Corning Inc's interest coverage ratio high or low?
The interest coverage ratio of 6.95x is 36% above its 5-year average of 5.12x, near the high end of its 5-year range (0.87x–8.03x).
What is the TTM average interest coverage ratio for Corning Inc (GLW)?
The TTM average interest coverage ratio for GLW stock is 6.87x.
What is the 3Y average interest coverage ratio for Corning Inc (GLW)?
The 3Y average interest coverage ratio for GLW stock is 4.56x.
What is the 5Y average interest coverage ratio for Corning Inc (GLW)?
The 5Y average interest coverage ratio for GLW stock is 5.12x.
What is the 10Y average interest coverage ratio for Corning Inc (GLW)?
The 10Y average interest coverage ratio for GLW stock is 6.07x.
What is the 15Y average interest coverage ratio for Corning Inc (GLW)?
The 15Y average interest coverage ratio for GLW stock is 8.47x.

GLW Interest Coverage Ratio History

DATEINTEREST COVERAGE RATIO
2026-03-316.95x
2025-12-317.51x
2025-09-307.55x
2025-06-306.90x
2025-03-315.43x
2024-12-314.97x
2024-09-303.64x
2024-06-302.21x
2024-03-313.06x
2023-12-310.87x
2023-09-302.88x
2023-06-303.44x
2023-03-313.91x
2022-12-311.13x
2022-09-304.00x
2022-06-306.81x
2022-03-318.03x
2021-12-316.62x
2021-09-307.67x
2021-06-307.37x
2021-03-316.52x
2020-12-316.35x
2020-09-303.67x
2020-06-30-1.54x
2020-03-31-1.89x
2019-12-312.45x
2019-09-306.64x
2019-06-306.93x
2019-03-318.08x
2018-12-319.10x
2018-09-3011.60x
2018-06-309.19x
2018-03-313.73x
2017-12-318.65x
2017-09-3012.24x
2017-06-3010.03x
2017-03-3111.16x
2016-12-3111.68x
2016-09-3013.05x
2016-06-306.17x
2016-03-314.32x
2015-12-312.23x
2015-09-3010.32x
2015-06-3013.06x
2015-03-3113.73x
2014-12-3116.75x
2014-09-3020.00x
2014-06-3015.33x
2014-03-3110.50x
2013-12-316.57x
2013-09-3015.68x
2013-06-3015.14x
2013-03-319.00x
2012-12-3119.12x
2012-09-3012.55x
2012-06-3012.88x
2012-03-3117.10x
2011-12-3113.12x
2011-09-3025.52x
2011-06-3019.27x
2011-03-3117.04x
2010-12-3123.18x
2010-09-3011.00x
2010-06-3016.54x
2010-03-3115.50x
2009-12-318.33x
2009-09-309.58x
2009-06-3011.05x
2009-03-31-18.57x
2008-09-3023.27x
2008-06-3027.80x
2008-03-3143.17x

About Corning Inc

Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. In addition, it manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

Corning, NY
67,200 employees
Technology / Hardware, Equipment & Parts
Sector
Technology
Industry
Hardware, Equipment & Parts
CEO
Wendell Weeks