A delay cell for use in a ring oscillator and associated method is provided. The delay cell includes a differential amplifier, a switched capacitance bank, and a Kvco equalizer. The differential amplifier comprises a differential pair, a first load and a second load. The differential pair includes a positive input terminal, a negative input terminal, a positive output terminal, and a negative output terminal. The first load is coupled to the positive output terminal, and the second load is coupled to the negative output terminal. The switched capacitance bank has a plurality of controlled capacitor paths selectively connecting to the positive output terminal or the negative output terminal according to a capacitance controlling signal. The Kvco equalizer has an adjustable current source for providing a current to the Kvco equalizer according to a current controlling signal to compensate currents flowing through the first load and the second load.