Universal Display (OLED)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 98,980 | 91,985 | 93,430 | 311,993 | 630,012 |
| Short-term investments | US$ in thousands | 393,690 | 422,137 | 484,345 | 351,194 | 99,996 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 125,410 | 118,822 | 135,697 | 187,938 | 164,960 |
| Quick ratio | 3.93 | 4.33 | 4.26 | 3.53 | 4.43 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($98,980K
+ $393,690K
+ $—K)
÷ $125,410K
= 3.93
The quick ratio for Universal Display as of December 31, 2020, stood at 4.43, indicating that the company had a comfortable level of liquid assets to cover its current liabilities. Over the next few years, the quick ratio decreased slightly to 3.53 as of December 31, 2021, before recovering to 4.26 by December 31, 2022. In the subsequent years, the quick ratio remained relatively stable, ranging between 4.26 and 3.93. This suggests that Universal Display has maintained a strong ability to meet its short-term obligations with its quick assets, such as cash and marketable securities, providing a favorable indication of its liquidity position.
Peer comparison
Dec 31, 2024