Under Armour Inc C (UA)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 726,877 | 530,701 | 884,552 | 858,691 | 1,039,110 | 654,885 | 702,610 | 710,929 | 849,546 | 853,652 | 1,049,410 | 1,669,450 | 1,253,710 | 1,349,790 | 1,348,740 | 1,517,360 | 865,609 | 1,079,410 | 959,318 | 788,072 |
| Short-term investments | US$ in thousands | — | — | — | — | 981 | 981 | 981 | 981 | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,341,020 | 1,181,130 | 1,718,290 | 1,165,460 | 1,466,180 | 1,283,100 | 1,464,210 | 1,359,280 | 1,502,130 | 1,473,260 | 1,458,680 | 1,450,180 | 1,354,540 | 1,361,960 | 1,234,320 | 1,413,280 | 1,448,400 | 1,618,610 | 1,691,500 | 1,422,010 |
| Cash ratio | 0.54 | 0.45 | 0.51 | 0.74 | 0.71 | 0.51 | 0.48 | 0.52 | 0.57 | 0.58 | 0.72 | 1.15 | 0.93 | 0.99 | 1.09 | 1.07 | 0.60 | 0.67 | 0.57 | 0.55 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($726,877K
+ $—K)
÷ $1,341,020K
= 0.54
The cash ratio of Under Armour Inc C, a key liquidity ratio, measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Based on the provided data, the cash ratio fluctuated over the analyzed period. It increased from 0.55 on December 31, 2019, steadily rising to a peak of 1.15 on December 31, 2021, indicating an improvement in the company's short-term liquidity position.
However, the ratio declined after December 2021, reaching its lowest point of 0.45 on September 30, 2024. This may suggest a potential decrease in the company's ability to cover its short-term obligations with cash alone during that period.
Overall, the fluctuation in the cash ratio implies varying levels of liquidity for Under Armour Inc C over time, reflecting changes in its cash holdings relative to its current liabilities. Continued monitoring of this ratio will be crucial to assess the company's ongoing ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024