• Corning average debt/equity ratio for 2023 was 0.6, a 9.09% increase from 2022.
• Corning average debt/equity ratio for 2022 was 0.55, a 3.51% increase from 2021.
• Corning average debt/equity ratio for 2021 was 0.57, a 8.06% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.