Universal Display (OLED)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 899,831 | 941,846 | 959,481 | 921,272 | 917,132 | 878,715 | 878,147 | 950,221 | 899,450 | 977,193 | 932,157 | 959,786 | 925,934 | 1,055,140 | 992,892 | 959,335 | 924,606 | 886,154 | 830,159 | 812,071 |
| Total current liabilities | US$ in thousands | 125,410 | 131,165 | 151,999 | 94,979 | 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 |
| Current ratio | 7.18 | 7.18 | 6.31 | 9.70 | 7.72 | 6.69 | 10.88 | 8.27 | 6.63 | 7.07 | 6.01 | 5.38 | 4.93 | 5.85 | 6.11 | 5.77 | 5.61 | 4.85 | 5.10 | 5.95 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $899,831K ÷ $125,410K
= 7.18
The current ratio of Universal Display has exhibited some fluctuations over the quarters provided in the data. The current ratio measures a company's ability to cover its short-term obligations with its current assets, and a higher ratio typically indicates a stronger liquidity position.
The current ratio has generally been above 5, indicating that Universal Display has had a healthy liquidity position during the periods reported. The ratio peaked at 10.88 on June 30, 2023, indicating a significantly strong ability to cover short-term obligations at that point in time.
However, there were some fluctuations in the current ratio, with a low of 4.85 on September 30, 2020, and a decrease to 4.93 on December 31, 2021, which may warrant further investigation into the company's short-term liquidity management during those periods.
Overall, the current ratio trend suggests that Universal Display has maintained a relatively strong liquidity position, with fluctuations possibly influenced by variations in current assets and liabilities.
Peer comparison
Dec 31, 2024