ULS (UL Solutions) Scaled Net Operating Assets : 0.55 (As of Dec. 2024)

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What is UL Solutions Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

UL Solutions's operating assets for the quarter that ended in Dec. 2024 was $2,502 Mil. UL Solutions's operating liabilities for the quarter that ended in Dec. 2024 was $934 Mil. UL Solutions's Total Assets for the quarter that ended in Sep. 2024 was $2,877 Mil. Therefore, UL Solutions's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.55.

UL Solutions Scaled Net Operating Assets Historical Data

The historical data trend for UL Solutions's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

UL Solutions Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Scaled Net Operating Assets

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0.46

0.31

0.37

0.52

0.57

UL Solutions Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Scaled Net Operating Assets	Get a 7-Day Free Trial												0.51	0.50	0.51	0.57	0.55

Competitive Comparison of UL Solutions's Scaled Net Operating Assets

For the Specialty Business Services subindustry, UL Solutions's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, UL Solutions's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where UL Solutions's Scaled Net Operating Assets falls into.

UL Solutions Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

UL Solutions's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2024 )
=	(Operating Assets (A: Dec. 2024 )	-	Operating Liabilities (A: Dec. 2024 ))	/	Total Assets (A: Dec. 2023 )
=	(2502	-	934)	/	2736
=	0.57

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2800	-	298
=	2502

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1869	-	847	-	88
=	934

UL Solutions's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2024 )
=	(Operating Assets (Q: Dec. 2024 )	-	Operating Liabilities (Q: Dec. 2024 ))	/	Total Assets (Q: Sep. 2024 )
=	(2502	-	934)	/	2877
=	0.55

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2800	-	298
=	2502

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1869	-	847	-	88
=	934

UL Solutions Scaled Net Operating Assets Related Terms

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UL Solutions Business Description

Industry

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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.