Universal Display (OLED)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 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 | 1.38 | 1.35 | 1.35 | 1.35 |
Universal Display Corp. has consistently maintained a strong solvency position, as indicated by the consistently low debt-to-assets, debt-to-capital, and debt-to-equity ratios recorded across all quarters. These ratios being at 0.00 suggest that the company has not taken on any debt relative to its total assets, capital, or equity, respectively.
The financial leverage ratio has shown a slight fluctuation throughout the quarters, ranging from 1.15 to 1.31. This ratio indicates the company's reliance on debt to fund its operations and investments. The downward trend from Q4 2022 to Q4 2023 suggests a reduction in debt relative to equity, potentially indicating improved financial stability.
Overall, Universal Display Corp.'s solvency ratios reflect a financially stable and well-managed capital structure, with minimal reliance on debt to support its operations and investments.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
I'm sorry, but without the specific values for the interest coverage ratio provided in the table, I am unable to perform a detailed analysis of Universal Display Corp.'s interest coverage over the specified quarters. Please provide the actual numerical data for the interest coverage ratio from each quarter for me to analyze and interpret the trend effectively.