ULS (UL Solutions) Debt-to-Equity : 1.13 (As of Sep. 2024)

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What is UL Solutions Debt-to-Equity?

UL Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $74 Mil. UL Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $913 Mil. UL Solutions's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $872 Mil. UL Solutions's debt to equity for the quarter that ended in Sep. 2024 was 1.13.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for UL Solutions's Debt-to-Equity or its related term are showing as below:

ULS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.63 Max: 1.63
Current: 1.13

During the past 5 years, the highest Debt-to-Equity Ratio of UL Solutions was 1.63. The lowest was 0.07. And the median was 0.63.

ULS's Debt-to-Equity is ranked worse than
78.01% of 914 companies
in the Business Services industry
Industry Median: 0.38 vs ULS: 1.13

UL Solutions Debt-to-Equity Historical Data

The historical data trend for UL Solutions's Debt-to-Equity 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.

* Premium members only.

UL Solutions Debt-to-Equity Chart

UL Solutions Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.08

0.07

0.63

1.63

UL Solutions Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial											0.55	1.63	1.52	1.22	1.13

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

For the Specialty Business Services subindustry, UL Solutions's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity Distribution in the Business Services Industry

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

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

UL Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(39	+	1024)	/	654
	=	1.63

UL Solutions's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(74	+	913)	/	872
	=	1.13

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

UL Solutions Debt-to-Equity Related Terms

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UL Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » UL Solutions Inc (NYSE:ULS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

72R:Germany

Address

333 Pfingsten Road, Northbrook, IL, USA, 60062

Website

https://www.ul.com

UL Solutions is a global leader specializing in a broad range of product testing, inspection, and certification services. UL Solutions is the for-profit branch out of three organizations under the UL Enterprise. TIC operations make up nearly all of UL Solutions' total revenue and are composed of two segments: industrial and consumer. UL Solutions' remaining business includes software and advisory, which complements its core TIC offerings. The firm operates globally.