Is it safe?
Can ULS take a bad year?
UL Solutions Inc. carries $99M of net debt at 0.15× EBITDA: a load its earnings can carry.
$99M
Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.15×
Net debt / EBITDA · 0.67× a year ago · the load is coming down
- Altman Z-score
- 9.08
Altman Z-score · safe zone, above 3
- Interest cover
- 14.9×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ1 2026
- $357M
- Cash and short-term investments
- $258M
- Net debt
- $99M
- EBITDA, trailing twelve months
- $655M
- Operating profit, trailing twelve months
- $551M
- Debt / equity
- 0.27×
- Total debt / EBITDA
- 0.55×
- Annualised volatilitytwo years of daily moves
- 37%
- Worst drawdown on file
- −29%
- Below its 52-week high
- −28%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Specialty Business Services
Ranks #7 of 18 by Smart Score