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Universal Display's quarterly cash and cash equivalents increased from Sep. 2023 ($79.32 Mil) to Dec. 2023 ($91.99 Mil) but then stayed the same from Dec. 2023 ($91.99 Mil) to Mar. 2024 ($74.01 Mil).
Universal Display's annual cash and cash equivalents declined from Dec. 2021 ($311.99 Mil) to Dec. 2022 ($93.43 Mil) and declined from Dec. 2022 ($93.43 Mil) to Dec. 2023 ($91.99 Mil).
The historical data trend for Universal Display's Cash And Cash Equivalents can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Universal Display Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 131.63 | 630.01 | 311.99 | 93.43 | 91.99 |
Universal Display Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 158.29 | 93.47 | 79.32 | 91.99 | 74.01 |
Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.
Universal Display (NAS:OLED) Cash And Cash Equivalents Explanation
A high number means either:
1) The company has competitive advantage generating lots of cash
2) Just sold a business or bonds (not necessarily good)
A low stockpile of cash usually means poor to mediocre economics.
There are 3 ways to create large cash reserve.
1) Sell new bonds or equity to public
2) Sell business or asset
3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)
When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.
Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.
Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.
Be Aware
Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.
Thank you for viewing the detailed overview of Universal Display's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Mauro Premutico | officer: VP, Legal & GM, Licensing | C/O UNIVERSAL DISPLAY CORPORATION, 375 PHILLIPS BLVD., EWING NJ 08618 |
Richard C Elias | director | PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272 |
Julia J Brown | officer: Chief Technical Officer | |
Lawrence Lacerte | director | C/O TERAGLOBAL COMMUNICATIONS CORP, 9171 TOWNE CENTRE DRIVE SUITE 600, SAN DIEGO CA 92122 |
Cynthia Jane Comparin | director | 1000 PARK DRIVE, LAWRENCE PA 15055 |
Brian Millard | officer: VP/CFO | C/O UNIVERSAL DISPLAY CORPORATION, 250 PHILLIPS BOULEVARD, EWING NJ 08618 |
Sidney D Rosenblatt | director, officer: EVP & CFO | |
Elizabeth H Gemmill | director | |
C Keith Hartley | director | 14 WYNNWOOD RD, GREENWICH CT 06830-3409 |
Janice K Mahon | officer: VP of Tech Commercialization | 375 PHILLIPS BLVD., 375 PHILLIPS BLVD., EWING NJ 08618 |
Celia M Joseph | director | C/O UNIVERSAL DISPLAY CORPORATION, 375 PHILLIPS BOULEVARD, EWING NJ 08618 |
Steven V Abramson | director, officer: President and COO | |
Rosemarie B Greco | director | C/O PA. REAL ESTATE INV TR, 200 S BROAD ST, THE BELLVUE, PHILADELPHIA PA 19102 |
Sherwin I Seligsohn | director, officer: Chairman of Board and Founder | C/O UNIVERSAL DISPLAY CORPORATION, 375 PHILLIPS BLVD, EWING NJ 08618 |
Leonard Becker | director | BALA POINTE OFFICE CENTRE, 111 PRESIDENTIAL BLVD STE 103, BALA CYNWYD PA 19004 |
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