What is Universal Display's cash ratio?

Universal Display (OLED) reported cash ratio of 1.6× in Q1 2026.

What is the long-term trend for Universal Display's cash ratio?

Over 5 years (2020 to 2025), Universal Display's cash ratio has grown at a -19.6% compound annual growth rate (CAGR), from 3.8× to 1.3×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Universal Display OLED Cash ratio

Cash ratio at other companies

AdeiaADEA

0.7×-0.3×

Dolby Laboratories, Inc.DLB

1.4×-0.2×

InterDigitalIDCC

0.8×+0.1×

PPG IndustriesPPG

0.3×0.0×

RambusRMBS

1.3×-0.5×

Applied MaterialsAMAT

0.2×0.0×

Other financials

Income statement

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Revenue$142.2M-14.5%

Gross profit$106.1M-17.2%

Operating income$42.8M-38.6%

Net income$35.9M-44.3%

EPS (diluted)$0.76-43.7%

Balance sheet

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Cash & equivalents$159.4M—

Total debt$40.9M—

Total equity$1.7B+2.7%

Total assets$1.9B—

Cash flow

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Operating cash flow$108.9M+256%

CapEx$8.6M-34.1%

Free cash flow$100.3M+473%

Valuation

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Market cap$4.16B-34.8%

Enterprise value$4.04B—

P/E19.5×-8.3×

P/S6.6×-3.2×

Profitability

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Gross margin75.7%-1.2pp

Operating margin35.4%-2.5pp

Net margin34.1%-1.3pp

FCF margin37.8%+12.6pp

Returns & leverage

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Return on equity12.7%-1.9pp

Debt / equity0×—

Current ratio9.5×—

Where this comes from

Calculated from Universal Display’s reported figures.

cash and equivalents/total current liabilities=1.6×

Based on the most recent quarter.

The official record: Universal Display’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Universal Display's cash ratio?: Universal Display (OLED) reported cash ratio of 1.6× in Q1 2026.
What is the long-term trend for Universal Display's cash ratio?: Over 5 years (2020 to 2025), Universal Display's cash ratio has grown at a -19.6% compound annual growth rate (CAGR), from 3.8× to 1.3×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.