UL Solutions Balance Sheet Health
Financial Health criteria checks 3/6
UL Solutions has a total shareholder equity of $896.0M and total debt of $797.0M, which brings its debt-to-equity ratio to 89%. Its total assets and total liabilities are $2.9B and $2.0B respectively. UL Solutions's EBIT is $425.0M making its interest coverage ratio 9.4. It has cash and short-term investments of $327.0M.
Key information
89.0%
Debt to equity ratio
US$797.00m
Debt
| Interest coverage ratio | 9.4x |
| Cash | US$327.00m |
| Equity | US$896.00m |
| Total liabilities | US$1.98b |
| Total assets | US$2.88b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ULS's short term assets ($977.0M) exceed its short term liabilities ($745.0M).
Long Term Liabilities: ULS's short term assets ($977.0M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: ULS's net debt to equity ratio (52.5%) is considered high.
Reducing Debt: Insufficient data to determine if ULS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ULS's debt is well covered by operating cash flow (65.2%).
Interest Coverage: ULS's interest payments on its debt are well covered by EBIT (9.4x coverage).