UL Solutions Balance Sheet Health
Financial Health criteria checks 3/6
UL Solutions has a total shareholder equity of $683.0M and total debt of $867.0M, which brings its debt-to-equity ratio to 126.9%. Its total assets and total liabilities are $2.8B and $2.1B respectively. UL Solutions's EBIT is $413.0M making its interest coverage ratio 13.8. It has cash and short-term investments of $344.0M.
Key information
126.9%
Debt to equity ratio
US$867.00m
Debt
Interest coverage ratio | 13.8x |
Cash | US$344.00m |
Equity | US$683.00m |
Total liabilities | US$2.14b |
Total assets | US$2.82b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ULS's short term assets ($1.1B) exceed its short term liabilities ($829.0M).
Long Term Liabilities: ULS's short term assets ($1.1B) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: ULS's net debt to equity ratio (76.6%) 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 (51.6%).
Interest Coverage: ULS's interest payments on its debt are well covered by EBIT (13.8x coverage).