ULS Property Plant And Equipment Net vs Capital Lease Obligations Analysis
| ULS Stock | 53.65 0.73 1.34% |
UL Solutions financial indicator trend analysis is much more than just breaking down UL Solutions prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether UL Solutions is a good investment. Please check the relationship between UL Solutions Property Plant And Equipment Net and its Capital Lease Obligations accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UL Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy ULS Stock please use our How to Invest in UL Solutions guide.
Property Plant And Equipment Net vs Capital Lease Obligations
Property Plant And Equipment Net vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of UL Solutions Property Plant And Equipment Net account and Capital Lease Obligations. At this time, the significance of the direction appears to have very strong relationship.
The correlation between UL Solutions' Property Plant And Equipment Net and Capital Lease Obligations is 0.82. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of UL Solutions, assuming nothing else is changed. The correlation between historical values of UL Solutions' Property Plant And Equipment Net and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of UL Solutions are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Property Plant And Equipment Net i.e., UL Solutions' Property Plant And Equipment Net and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Capital Lease Obligations
UL Solutions capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to UL Solutions asset purchases. For example, UL Solutions can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as UL Solutions control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Most indicators from UL Solutions' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into UL Solutions current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UL Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy ULS Stock please use our How to Invest in UL Solutions guide.At this time, UL Solutions' Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.01 in 2024, whereas Tax Provision is likely to drop slightly above 66 M in 2024.
| 2022 | 2023 | 2024 (projected) | Interest Expense | 17M | 35M | 36.8M | Depreciation And Amortization | 135M | 154M | 159.0M |
UL Solutions fundamental ratios Correlations
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UL Solutions Account Relationship Matchups
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When running UL Solutions' price analysis, check to measure UL Solutions' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy UL Solutions is operating at the current time. Most of UL Solutions' value examination focuses on studying past and present price action to predict the probability of UL Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UL Solutions' price. Additionally, you may evaluate how the addition of UL Solutions to your portfolios can decrease your overall portfolio volatility.