Universal Display (OLED)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,832,330 | 1,810,880 | 1,776,560 | 1,683,720 | 1,668,960 | 1,622,920 | 1,540,860 | 1,535,710 | 1,532,820 | 1,530,320 | 1,499,440 | 1,487,230 | 1,466,920 | 1,428,590 | 1,350,720 | 1,310,500 | 1,269,230 | 1,224,960 | 1,161,060 | 1,136,380 |
| Total stockholders’ equity | US$ in thousands | 1,616,520 | 1,586,750 | 1,526,840 | 1,484,900 | 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 |
| Financial leverage ratio | 1.13 | 1.14 | 1.16 | 1.13 | 1.15 | 1.17 | 1.15 | 1.18 | 1.20 | 1.26 | 1.29 | 1.31 | 1.33 | 1.38 | 1.36 | 1.38 | 1.39 | 1.39 | 1.38 | 1.34 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,832,330K ÷ $1,616,520K
= 1.13
The financial leverage ratio of Universal Display has shown a decreasing trend over the analyzed period, declining from 1.34 as of March 31, 2020, to 1.13 as of December 31, 2024. This indicates that the company's reliance on debt to finance its operations has decreased over time, potentially signaling a stronger financial position and reduced risk associated with debt obligations. A decreasing financial leverage ratio could indicate that the company is becoming more efficient in managing its capital structure, which may positively impact its overall financial health and stability.
Peer comparison
Dec 31, 2024