Universal Display (OLED)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $54K ÷ $1,447,230K
= 0.00
The debt-to-equity ratio of Universal Display Corp. has been consistently at 0.00 for the past five years, indicating that the company has not utilized any debt financing to fund its operations during this period. A debt-to-equity ratio of 0.00 typically suggests that the company is primarily relying on equity financing to support its business activities, which can be viewed positively as it signifies a lower financial risk due to the absence of debt obligations. However, it is important to note that having a debt-to-equity ratio of 0.00 may also imply missed opportunities for leveraging debt to potentially enhance returns or growth. Overall, Universal Display Corp.'s consistent debt-free position is a noteworthy aspect of its financial structure.
Peer comparison
Dec 31, 2023