Universal Display (OLED)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 54 | 54 | 1,023 | 192 | — |
| Total stockholders’ equity | US$ in thousands | 1,447,230 | 1,275,370 | 1,099,910 | 912,714 | 811,449 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $54K ÷ ($54K + $1,447,230K)
= 0.00
The debt-to-capital ratio of Universal Display Corp. has been consistently 0.00 from 2019 to 2023. This indicates that the company has not used any debt to finance its operations and investments relative to its total capital structure during this period. A debt-to-capital ratio of 0.00 implies that the company is primarily relying on equity financing rather than debt financing. This may suggest a lower financial risk as the company has not taken on debt obligations that could potentially strain its financial position. However, it is important to note that while a low debt-to-capital ratio can be positive in terms of financial stability, it may also indicate missed opportunities for leveraging debt to potentially enhance returns or growth opportunities.
Peer comparison
Dec 31, 2023