Universal Display (OLED)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 217,189 | 235,526 | 255,553 | 250,228 | 267,110 | 240,489 | 229,754 | 226,336 | 227,644 | 236,961 | 227,659 | 176,578 | 157,526 | 126,236 | 118,640 | 168,489 | 158,343 | 139,127 | 124,329 | 86,576 |
| Interest expense (ttm) | US$ in thousands | -11,603 | -12,428 | -12,279 | -9,787 | -6,461 | -3,613 | -1,272 | -574 | -373 | -896 | -1,808 | -3,025 | -4,960 | -6,408 | -6,773 | -6,907 | -6,643 | -6,468 | -6,952 | -6,906 |
| Interest coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $217,189K ÷ $-11,603K
= —
I'm sorry, but without specific data for interest expense and EBIT (earnings before interest and taxes), I am unable to calculate the interest coverage ratio for Universal Display Corp across the mentioned quarters. Interest coverage is a vital financial metric that assesses a company's ability to pay interest expenses on outstanding debt. It is calculated by dividing EBIT by the interest expense. A higher ratio indicates better coverage of interest payments, while a lower ratio suggests a higher burden of interest expense on the company's earnings. For a more in-depth analysis, detailed financial statements of Universal Display Corp are required.
Peer comparison
Dec 31, 2023