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.
GLW Interest Coverage Ratio
Reported quarterly interest coverage; no daily interpolation.
GLW Average Interest Coverage Ratio Chart
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
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Corning Inc (GLW) | $196.34B | 6.95x | 6.87x | 4.56x | 5.12x |
| Palo Alto Networks, Inc. (PANW)vs › | $199.74B | 414.30x | 248.35x | 170.31x | 170.31x |
| Amphenol Corporation (APH)vs › | $203.17B | 16.24x | 15.69x | 17.57x | 17.24x |
| Arista Networks, Inc. (ANET)vs › | $208.33B | N/A | 135.18x | 98.84x | 70.77x |
| QUALCOMM Incorporated (QCOM)vs › | $215.96B | 18.61x | 16.53x | 19.16x | 17.43x |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $172.76B | -10.47x | N/A | N/A | N/A |
| SAP SE (SAP)vs › | $172.52B | 7.27x | 5.89x | 4.72x | 7.37x |
| Marvell Technology, Inc. (MRVL)vs › | $234.12B | 6.61x | 6.61x | 4.00x | 4.00x |
| AppLovin Corporation (APP)vs › | $149.81B | 20.06x | 13.04x | 9.63x | 7.59x |
| Uber Technologies, Inc. (UBER)vs › | $147.07B | 12.65x | 9.00x | 6.58x | 6.58x |
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
| DATE | INTEREST COVERAGE RATIO |
|---|---|
| 2026-03-31 | 6.95x |
| 2025-12-31 | 7.51x |
| 2025-09-30 | 7.55x |
| 2025-06-30 | 6.90x |
| 2025-03-31 | 5.43x |
| 2024-12-31 | 4.97x |
| 2024-09-30 | 3.64x |
| 2024-06-30 | 2.21x |
| 2024-03-31 | 3.06x |
| 2023-12-31 | 0.87x |
| 2023-09-30 | 2.88x |
| 2023-06-30 | 3.44x |
| 2023-03-31 | 3.91x |
| 2022-12-31 | 1.13x |
| 2022-09-30 | 4.00x |
| 2022-06-30 | 6.81x |
| 2022-03-31 | 8.03x |
| 2021-12-31 | 6.62x |
| 2021-09-30 | 7.67x |
| 2021-06-30 | 7.37x |
| 2021-03-31 | 6.52x |
| 2020-12-31 | 6.35x |
| 2020-09-30 | 3.67x |
| 2020-06-30 | -1.54x |
| 2020-03-31 | -1.89x |
| 2019-12-31 | 2.45x |
| 2019-09-30 | 6.64x |
| 2019-06-30 | 6.93x |
| 2019-03-31 | 8.08x |
| 2018-12-31 | 9.10x |
| 2018-09-30 | 11.60x |
| 2018-06-30 | 9.19x |
| 2018-03-31 | 3.73x |
| 2017-12-31 | 8.65x |
| 2017-09-30 | 12.24x |
| 2017-06-30 | 10.03x |
| 2017-03-31 | 11.16x |
| 2016-12-31 | 11.68x |
| 2016-09-30 | 13.05x |
| 2016-06-30 | 6.17x |
| 2016-03-31 | 4.32x |
| 2015-12-31 | 2.23x |
| 2015-09-30 | 10.32x |
| 2015-06-30 | 13.06x |
| 2015-03-31 | 13.73x |
| 2014-12-31 | 16.75x |
| 2014-09-30 | 20.00x |
| 2014-06-30 | 15.33x |
| 2014-03-31 | 10.50x |
| 2013-12-31 | 6.57x |
| 2013-09-30 | 15.68x |
| 2013-06-30 | 15.14x |
| 2013-03-31 | 9.00x |
| 2012-12-31 | 19.12x |
| 2012-09-30 | 12.55x |
| 2012-06-30 | 12.88x |
| 2012-03-31 | 17.10x |
| 2011-12-31 | 13.12x |
| 2011-09-30 | 25.52x |
| 2011-06-30 | 19.27x |
| 2011-03-31 | 17.04x |
| 2010-12-31 | 23.18x |
| 2010-09-30 | 11.00x |
| 2010-06-30 | 16.54x |
| 2010-03-31 | 15.50x |
| 2009-12-31 | 8.33x |
| 2009-09-30 | 9.58x |
| 2009-06-30 | 11.05x |
| 2009-03-31 | -18.57x |
| 2008-09-30 | 23.27x |
| 2008-06-30 | 27.80x |
| 2008-03-31 | 43.17x |
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.
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Wendell Weeks