Universal Display (OLED)
Debt-to-equity ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 54 | 54 | 54 | 54 | 54 | 1,222 | 1,150 | 1,089 | 1,023 | — | — | — | 192 | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,447,230 | 1,382,370 | 1,338,770 | 1,299,460 | 1,275,370 | 1,211,820 | 1,165,310 | 1,131,300 | 1,099,910 | 1,036,320 | 991,616 | 952,468 | 912,714 | 879,636 | 839,770 | 846,697 | 811,449 | 786,567 | 751,033 | 716,201 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Based on the data provided for Universal Display Corp., the debt-to-equity ratio has consistently been reported as 0.00 for the past eight quarters, indicating that the company has had no financial leverage through debt during this period. A debt-to-equity ratio of 0.00 signifies that the company's total debt levels are either non-existent or very minimal compared to its equity, suggesting that the business is predominantly funded by equity capital rather than debt financing.
This situation could imply that Universal Display Corp. has been managing its finances prudently, potentially minimizing the risks associated with debt obligations such as interest payments and debt repayment. However, it is essential to consider that a zero debt-to-equity ratio may also signify missed opportunities for leveraging debt for financial growth or tax benefits.
Overall, the consistent appearance of a debt-to-equity ratio of 0.00 over multiple quarters indicates a strong equity position relative to debt for Universal Display Corp. It suggests a conservative capital structure approach, but further analysis would be necessary to fully evaluate the company's overall financial health and capital allocation strategy.
Peer comparison
Dec 31, 2023