A low voltage, low power versatile and compact delay circuit for CMOS integrated circuits. The biasing circuit and comparator of the delay circuit are implemented with a relatively few simple transistor stages. This approach makes the circuit compact and allows for operation at very low supply voltages (e.g., 1.5 volts). The time delay of the delay circuit is made to depend only on passive resistive and capacitive components. The time delay is thus insensitive to fluctuations in the supply voltage, as well as fluctuations in temperature. This configuration is particularly advantageous in circuits where several timing elements need to track with one another, as they can all be formed with resistors and capacitors of the same construction. The design also makes the circuit insensitive to process parameters, as well as later environmental effects due to operating temperature, circuit aging, and the like. A common signal is used to control both a trip point voltage of a comparator and a voltage change rate of a clock ramp signal in the delay circuit, such that variations in voltage supplied to the clock during normal operation does not substantially affect the clock period.