Universal Display (OLED)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,616,520 | 1,447,230 | 1,275,370 | 1,099,910 | 912,714 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,616,520K)
= 0.00
The debt-to-capital ratio of Universal Display has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This demonstrates that the company does not have any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 indicates that the company is not using debt financing to fund its operations and investments, which may suggest a conservative financial strategy that minimizes financial risk associated with debt. Given this consistent ratio, Universal Display appears to rely primarily on equity financing, which may provide financial stability and flexibility in pursuing strategic growth opportunities.
Peer comparison
Dec 31, 2024