Universal Display (OLED)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 899,831 | 917,132 | 899,450 | 925,934 | 924,606 |
| Total current liabilities | US$ in thousands | 125,410 | 118,822 | 135,697 | 187,938 | 164,960 |
| Current ratio | 7.18 | 7.72 | 6.63 | 4.93 | 5.61 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $899,831K ÷ $125,410K
= 7.18
The current ratio of Universal Display, as evidenced by the data provided, has shown a consistently strong trend over the years. The ratio has ranged from 4.93 to 7.72, with the most recent value being 7.18 as of December 31, 2024. This indicates that Universal Display has more than enough current assets to cover its current liabilities, showcasing a robust financial position and liquidity. The increasing trend in the current ratio highlights the company's ability to meet short-term obligations comfortably and suggests a potential for effective working capital management. Overall, the current ratio data suggests that Universal Display is well-positioned to manage its short-term financial obligations and sustain its operations effectively.
Peer comparison
Dec 31, 2024