Universal Display (OLED)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,616,520K
= 0.00
The debt-to-equity ratio for Universal Display has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations and has relied solely on its equity for funding. A debt-to-equity ratio of 0.00 signifies a strong financial position with no debt obligations, which could reduce financial risk and interest expenses. The company's ability to maintain a debt-free capital structure suggests a conservative financial strategy and a lower risk profile.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-equity ratio
Universal Display
OLED
0.00
Hubbell Inc
HUBB
0.44
Mercury Systems Inc
MRCY
0.40
Vishay Intertechnology Inc
VSH
0.00