UL Solutions Inc.
UL Solutions Inc., together with its subsidiaries, provides testing, inspection and certification, and related software and advisory services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered m… Read more
UL Solutions Inc. (ULS) - Total Assets
Latest total assets as of September 2025: $2.90 Billion USD
Based on the latest financial reports, UL Solutions Inc. (ULS) holds total assets worth $2.90 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
UL Solutions Inc. - Total Assets Trend (2020–2024)
This chart illustrates how UL Solutions Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
UL Solutions Inc. - Asset Composition Analysis
Current Asset Composition (December 2024)
UL Solutions Inc.'s total assets of $2.90 Billion consist of 32.9% current assets and 67.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $298.00 Million | 10.6% |
| Accounts Receivable | $586.00 Million | 20.9% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $817.00 Million | 29.2% |
| Intangible Assets | $185.00 Million | 6.6% |
| Goodwill | $633.00 Million | 22.6% |
Asset Composition Trend (2020–2024)
This chart illustrates how UL Solutions Inc.'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: UL Solutions Inc.'s current assets represent 32.9% of total assets in 2024, a decrease from 44.9% in 2020.
- Cash Position: Cash and equivalents constituted 10.6% of total assets in 2024, down from 27.3% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 28.0% of total assets, an increase from 21.0% in 2020.
- Asset Diversification: The largest asset category is property, plant & equipment at 29.2% of total assets.
UL Solutions Inc. Competitors by Total Assets
Key competitors of UL Solutions Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shaanxi Jinye Science Technology and Education Group Co Ltd
SHE:000812
|
China | CN¥5.75 Billion |
|
Tungkong Inc
SHE:002117
|
China | CN¥1.92 Billion |
|
Eternal Asia Supply Chain Management Ltd
SHE:002183
|
China | CN¥54.04 Billion |
|
Hongbo Co Ltd
SHE:002229
|
China | CN¥2.43 Billion |
|
Beijing Shengtong Printing Co Ltd
SHE:002599
|
China | CN¥2.14 Billion |
|
Shanghai Nar Industrial Co Ltd
SHE:002825
|
China | CN¥2.78 Billion |
|
Xuchang Ketop Testing Research Ins
SHE:003008
|
China | CN¥1.10 Billion |
|
GFM Services Bhd
KLSE:0039
|
Malaysia | RM644.83 Million |
UL Solutions Inc. - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - UL Solutions Inc. generates 1.02x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, UL Solutions Inc. generates $ 11.64 in net profit.
UL Solutions Inc. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.33 | 1.31 | 1.45 |
| Quick Ratio | 1.33 | 0.98 | 1.45 |
| Cash Ratio | 0.34 | 0.44 | 0.00 |
| Working Capital | $246.00 Million | $ 232.00 Million | $ 317.00 Million |
UL Solutions Inc. - Advanced Valuation Insights
This section examines the relationship between UL Solutions Inc.'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 11.80 |
| Latest Market Cap to Assets Ratio | 2.15 |
| Asset Growth Rate (YoY) | 2.3% |
| Total Assets | $2.80 Billion |
| Market Capitalization | $6.01 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values UL Solutions Inc.'s assets at a significant premium ( 2.15x), suggesting investors see substantial growth potential or unique competitive advantages.
Positive Asset Growth: UL Solutions Inc.'s assets grew by 2.3% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for UL Solutions Inc. (2020–2024)
The table below shows the annual total assets of UL Solutions Inc. from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $2.80 Billion | +2.34% |
| 2023-12-31 | $2.74 Billion | +0.59% |
| 2022-12-31 | $2.72 Billion | -25.72% |
| 2021-12-31 | $3.66 Billion | +3.13% |
| 2020-12-31 | $3.55 Billion | -- |