Universal Display (LTS:0LJE) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Universal Display Debt-to-Equity?

Universal Display's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil. Universal Display's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $21.9 Mil. Universal Display's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,484.9 Mil. Universal Display's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Universal Display's Debt-to-Equity or its related term are showing as below:

LTS:0LJE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.03
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Universal Display was 0.03. The lowest was 0.01. And the median was 0.02.

LTS:0LJE's Debt-to-Equity is ranked better than
93.7% of 2192 companies
in the Hardware industry
Industry Median: 0.29 vs LTS:0LJE: 0.02

Universal Display Debt-to-Equity Historical Data

The historical data trend for Universal Display's Debt-to-Equity 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.

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Universal Display Debt-to-Equity Chart

Universal Display Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.03

0.02

Universal Display Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.02

Competitive Comparison of Universal Display's Debt-to-Equity

For the Electronic Components subindustry, Universal Display's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Universal Display's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Universal Display's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Universal Display's Debt-to-Equity falls into.

Universal Display Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Universal Display's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	22.855)	/	1447.226
	=	0.02

Universal Display's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	21.945)	/	1484.9
	=	0.01

Universal Display (LTS:0LJE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Universal Display Debt-to-Equity Related Terms

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Universal Display (LTS:0LJE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Display Corp (LTS:0LJE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OLED:USA OLED:Mexico UVD:Germany

Address

250 Phillips Boulevard, Ewing, NJ, USA, 08618

Website

https://www.oled.com

Universal Display Corp researches, develops and manufactures organic light-emitting diode, or OLED, technologies for use in displays for mobile phones, tablets, televisions, wearables, personal computers, automotive interiors, and the solid-state lighting market. OLED technologies are an alternative to a light-emitting diode, or LED, technologies, in the solid-state lighting market, and liquid crystal displays in the flat-panel-display market. A large majority of the firm's revenue is generated in South Korea, with the rest coming from Japan, China, the United States, and other countries across the world.

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