Universal Display (OLED)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 217,189 | 267,110 | 227,644 | 157,526 | 158,343 |
| Interest expense | US$ in thousands | -11,603 | -6,461 | -373 | -4,960 | -6,643 |
| Interest coverage | — | — | — | — | — |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $217,189K ÷ $-11,603K
= —
As the interest coverage ratio for Universal Display Corp. is not provided for any of the years from 2019 to 2023, it is challenging to assess the company's ability to meet its interest obligations using this particular metric. The interest coverage ratio is typically calculated as earnings before interest and taxes (EBIT) divided by the interest expenses, indicating the company's capacity to cover its interest payments from its operating profits. The absence of this data suggests a lack of transparency or availability of the necessary financial information to compute this critical financial ratio. Understanding the interest coverage ratio for Universal Display Corp. would provide valuable insights into the company's financial health and its ability to handle interest expenses, hence further analysis is required to evaluate the company's leverage and financial risk.
Peer comparison
Dec 31, 2023