Universal Display (OLED)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 91,985 | 79,323 | 93,470 | 158,294 | 93,430 | 187,750 | 213,896 | 357,424 | 311,993 | 535,157 | 542,914 | 726,279 | 630,012 | 162,620 | 133,566 | 222,744 | 131,627 | 235,541 | 324,277 | 225,048 |
| Short-term investments | US$ in thousands | 422,137 | 412,350 | 465,679 | 487,812 | 484,345 | 501,051 | 439,449 | 325,055 | 351,194 | 253,786 | 190,540 | 720 | 99,996 | 510,048 | 510,455 | 417,032 | 514,461 | 361,515 | 228,434 | 301,549 |
| Total current liabilities | US$ in thousands | 118,822 | 131,343 | 80,732 | 114,957 | 135,697 | 138,199 | 155,213 | 178,254 | 187,938 | 180,261 | 162,563 | 166,332 | 164,960 | 182,760 | 162,695 | 136,554 | 161,508 | 148,392 | 139,736 | 131,574 |
| Cash ratio | 4.33 | 3.74 | 6.93 | 5.62 | 4.26 | 4.98 | 4.21 | 3.83 | 3.53 | 4.38 | 4.51 | 4.37 | 4.43 | 3.68 | 3.96 | 4.69 | 4.00 | 4.02 | 3.96 | 4.00 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($91,985K
+ $422,137K)
÷ $118,822K
= 4.33
The cash ratio for Universal Display Corp. has shown some fluctuations over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents alone.
In Q2 2023, the cash ratio was at its highest point at 7.34, indicating that Universal Display Corp. had $7.34 in cash and cash equivalents for every dollar of short-term liabilities. This suggests a strong liquidity position during that period.
However, in Q1 2022, the cash ratio was at its lowest at 3.99, indicating that Universal Display Corp. had $3.99 in cash and cash equivalents for every dollar of short-term liabilities. This could suggest a relatively weaker liquidity position during that period.
Overall, Universal Display Corp. has generally maintained a healthy cash ratio above 4.0 over the past eight quarters, indicating a consistent ability to meet short-term obligations with its available cash resources. It is important for investors and stakeholders to continue monitoring the cash ratio to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023