UL Solutions Inc. (ULS) quarterly balance sheet — complete assets, liabilities & equity history
UL Solutions Inc. (ULS) balance sheet — 6-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|
| Total Current Assets | 1.23B | 1.05B | 1B | 995M | 1.01B | 998M | 921M | 977M | 957M | 1.05B | 953M | 1.08B | 1.11B | 1.17B | 998M | 1.02B |
| Cash & Short-Term Investments | 434M | 258M | 295M | 255M | 272M | 267M | 298M | 327M | 295M | 344M | 315M | 457M | 440M | 483M | 373M | 421M |
| Cash Only | 434M | 258M | 295M | 255M | 272M | 267M | 298M | 327M | 295M | 344M | 315M | 457M | 413M | 418M | 322M | 393M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27M | 65M | 51M | 28M |
| Accounts Receivable | 710M | 719M | 626M | 623M | 648M | 666M | 586M | 603M | 610M | 622M | 590M | 540M | 562M | 601M | 547M | 524M |
| Days Sales Outstanding | 79.68 | 79.85 | 72.82 | 74.67 | 77.05 | 79.91 | 74.01 | 76.33 | 76.79 | 82.31 | 75.99 | 74.99 | 76.8 | 82.13 | 78.32 | 307 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 90M | 70M | 79M | 117M | 89M | 65M | 4M | 4M | 4M | 85M | 13M | 88M | 5M | 5M | 45M | 71M |
| Total Non-Current Assets | 1.89B | 1.91B | 1.92B | 1.9B | 1.91B | 1.88B | 1.88B | 1.9B | 1.78B | 1.77B | 1.78B | 1.72B | 1.73B | 1.73B | 1.72B | 1.64B |
| Property, Plant & Equipment | 932M | 884M | 878M | 847M | 837M | 813M | 817M | 785M | 699M | 702M | 706M | 651M | 652M | 652M | 637M | 600M |
| Fixed Asset Turnover | 0.90x | 0.86x | 0.91x | 0.93x | 0.94x | 0.87x | 0.92x | 0.99x | 1.04x | 0.95x | 1.01x | 1.04x | 1.06x | 0.98x | 1.02x | 1.04x |
| Goodwill | 642M | 643M | 656M | 655M | 656M | 641M | 633M | 651M | 628M | 618M | 623M | 617M | 645M | 651M | 647M | 611M |
| Intangible Assets | 131M | 137M | 153M | 163M | 174M | 179M | 185M | 194M | 198M | 202M | 211M | 211M | 210M | 201M | 200M | 192M |
| Long-Term Investments | 0 | 33M | 56M | 33M | 33M | 36M | 58M | 42M | 42M | 42M | 64M | 65M | 64M | 63M | 62M | 64M |
| Other Non-Current Assets | 134M | 119M | 84M | 106M | 103M | 103M | 78M | 108M | 100M | 204M | 69M | 60M | 55M | 50M | 1.02B | 171M |
| Total Assets | 3.12B | 2.96B | 2.92B | 2.9B | 2.92B | 2.88B | 2.8B | 2.88B | 2.74B | 2.82B | 2.74B | 2.81B | 2.84B | 2.91B | 2.72B | 2.65B |
| Asset Turnover | 0.27x | 0.26x | 0.27x | 0.27x | 0.27x | 0.25x | 0.26x | 0.26x | 0.26x | 0.24x | 0.25x | 0.24x | 0.24x | 0.22x | 0.23x | 0.23x |
| Asset Growth % | 6.74% | 2.68% | 4.32% | 0.73% | 6.56% | 2.09% | 2.34% | 2.53% | -3.48% | -3.06% | 0.59% | 5.73% | - | - | - | - |
| Total Current Liabilities | 866M | 899M | 760M | 749M | 765M | 804M | 740M | 745M | 740M | 829M | 709M | 676M | 735M | 819M | 694M | 699M |
| Accounts Payable | 179M | 168M | 183M | 151M | 139M | 143M | 182M | 138M | 134M | 156M | 169M | 128M | 125M | 128M | 153M | 141M |
| Days Payables Outstanding | 39.57 | 41.9 | 38.11 | 34.29 | 32.4 | 39.85 | 37.84 | 33.54 | 36.25 | 42.13 | 37.23 | 33.83 | 32.7 | 37.75 | 42.66 | 156.43 |
| Short-Term Debt | 75M | 0 | 43M | 42M | 0 | 0 | 50M | 37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 347M | 410M | 173M | 255M | 328M | 400M | 162M | 253M | 317M | 385M | 162M | 227M | 289M | 352M | 0 | 0 |
| Other Current Liabilities | 30M | 280M | 79M | 47M | 256M | 221M | 308M | 57M | 253M | 251M | 339M | 283M | 282M | 298M | 188M | 211M |
| Current Ratio | 1.42x | 1.16x | 1.32x | 1.33x | 1.32x | 1.24x | 1.24x | 1.31x | 1.29x | 1.27x | 1.34x | 1.61x | 1.52x | 1.43x | 1.44x | 1.45x |
| Quick Ratio | 1.42x | 1.16x | 1.32x | 1.33x | 1.32x | 1.24x | 1.24x | 1.31x | 1.29x | 1.27x | 1.34x | 1.61x | 1.52x | 1.43x | 1.44x | 1.45x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 633M | 720M | 867M | 929M | 1.04B | 1.09B | 1.13B | 1.24B | 1.22B | 1.31B | 1.35B | 933M | 931M | 967M | 949M | 1.02B |
| Long-Term Debt | 301M | 357M | 640M | 544M | 608M | 653M | 692M | 760M | 785M | 867M | 904M | 499M | 499M | 529M | 499M | 574M |
| Capital Lease Obligations | 136M | 141M | 149M | 150M | 155M | 150M | 155M | 153M | 117M | 116M | 120M | 111M | 111M | 114M | 119M | 118M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 196M | 222M | 78M | 235M | 281M | 287M | 282M | 323M | 314M | 324M | 325M | 323M | 321M | 324M | 331M | 328M |
| Total Liabilities | 1.5B | 1.62B | 1.63B | 1.68B | 1.81B | 1.89B | 1.87B | 1.98B | 1.96B | 2.14B | 2.06B | 1.61B | 1.67B | 1.79B | 1.64B | 1.72B |
| Total Debt | 551M | 539M | 832M | 736M | 805M | 843M | 935M | 987M | 938M | 1.02B | 1.06B | 648M | 649M | 684M | 660M | 732M |
| Net Debt | 117M | 281M | 537M | 481M | 533M | 576M | 637M | 660M | 643M | 676M | 748M | 191M | 236M | 266M | 338M | 339M |
| Debt / Equity | 0.34x | 0.40x | 0.64x | 0.60x | 0.72x | 0.86x | 1.00x | 1.10x | 1.19x | 1.49x | 1.57x | 0.54x | 0.55x | 0.61x | 0.61x | 0.78x |
| Debt / EBITDA | 1.61x | 2.91x | 3.83x | 3.64x | 4.35x | 5.47x | 5.77x | 5.71x | 5.62x | 7.73x | 8.18x | 3.95x | 4.19x | 6.16x | 5.28x | 4.91x |
| Net Debt / EBITDA | 0.34x | 1.52x | 2.47x | 2.38x | 2.88x | 3.74x | 3.93x | 3.82x | 3.85x | 5.12x | 5.75x | 1.16x | 1.52x | 2.40x | 2.70x | 2.28x |
| Interest Coverage | 68.60x | 17.13x | 11.74x | 15.50x | 13.50x | 8.83x | 8.08x | 9.14x | 11.31x | 5.87x | 7.58x | 11.71x | 16.00x | 10.00x | 14.57x | 18.80x |
| Total Equity | 1.62B | 1.34B | 1.29B | 1.22B | 1.11B | 984M | 931M | 896M | 786M | 683M | 678M | 1.2B | 1.18B | 1.12B | 1.08B | 935M |
| Equity Growth % | 45.55% | 35.77% | 38.99% | 36.16% | 41.6% | 44.07% | 37.32% | -25.15% | -33.11% | -39.13% | -37.05% | 28.02% | - | - | - | - |
| Book Value per Share | 7.94 | 6.55 | 6.34 | 6.01 | 5.48 | 4.85 | 4.61 | 4.48 | 3.93 | 3.41 | 3.39 | 5.99 | 5.88 | 5.61 | 5.39 | 4.68 |
| Total Shareholders' Equity | 1.59B | 1.32B | 1.26B | 1.19B | 1.09B | 970M | 904M | 872M | 769M | 671M | 654M | 1.18B | 1.16B | 1.1B | 1.05B | 916M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 750M | 533M | 470M | 429M | 356M | 291M | 250M | 194M | 131M | 55M | 24M | 353M | 320M | 246M | 211M | 133M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -89M | -102M | -95M | -102M | -115M | -150M | -167M | -139M | -170M | -160M | -146M | -184M | -169M | -159M | -166M | -226M |
| Minority Interest | 25M | 17M | 32M | 27M | 20M | 14M | 27M | 24M | 17M | 12M | 24M | 19M | 15M | 26M | 23M | 19M |