ULS (UL Solutions) Debt-to-Asset : 0.34 (As of Jun. 2024)

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What is UL Solutions Debt-to-Asset?

UL Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $36 Mil. UL Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $902 Mil. UL Solutions's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $2,742 Mil. UL Solutions's debt to asset for the quarter that ended in Jun. 2024 was 0.34.

UL Solutions Debt-to-Asset Historical Data

The historical data trend for UL Solutions's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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UL Solutions Debt-to-Asset Chart

UL Solutions Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.05

0.04

0.24

0.39

UL Solutions Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Asset	Get a 7-Day Free Trial										0.23	0.23	0.39	0.36	0.34

Competitive Comparison of UL Solutions's Debt-to-Asset

For the Specialty Business Services subindustry, UL Solutions's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

UL Solutions's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, UL Solutions's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where UL Solutions's Debt-to-Asset falls into.

UL Solutions Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

UL Solutions's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(39	+	1024)	/	2736
	=	0.39

UL Solutions's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(36	+	902)	/	2742
	=	0.34

UL Solutions (NYSE:ULS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

UL Solutions Debt-to-Asset Related Terms

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UL Solutions Business Description

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