Universal Display (OLED)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.15 | 1.20 | 1.33 | 1.39 | 1.38 |
Universal Display Corp. has consistently maintained a strong solvency position over the years with a debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio of 0.00 for each of the past five years. This indicates that the company has not relied on debt to finance its operations and has a high proportion of equity in its capital structure.
In terms of financial leverage, the company's financial leverage ratio has shown a decreasing trend from 1.38 in 2019 to 1.15 in 2023. A lower financial leverage ratio indicates lower financial risk and implies that the company is relying less on debt to finance its operations compared to its equity. This improving trend suggests that Universal Display Corp. has been able to manage its financial leverage effectively and strengthen its financial position over the years.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — |
As the interest coverage ratio for Universal Display Corp. is not provided for the years 2019 to 2023, we are unable to assess the company's ability to cover its interest expenses using this particular metric. The interest coverage ratio is a key financial metric that indicates a company's ability to pay its interest expenses on outstanding debt. Without this ratio, it is difficult to evaluate the company's financial health and its ability to meet its debt obligations. It is recommended to gather additional financial information or consult the company's financial reports for a more comprehensive analysis of its interest coverage.