Under Armour Inc C (UA)

Cash ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	858,691	1,040,090	655,866	703,591	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	416,603	455,726	288,726
Short-term investments	US$ in thousands	—	—	—	—	981	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	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	1,199,660	1,332,640	1,094,010
Cash ratio		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	0.35	0.34	0.26

March 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($858,691K + $—K) ÷ $1,165,460K
= 0.74

The cash ratio of Under Armour Inc C has fluctuated over the years, ranging from a low of 0.26 to a high of 1.15. The cash ratio measures the company's ability to cover its current liabilities using only its cash and cash equivalents. A higher cash ratio indicates that the company has more liquid assets available to meet its short-term obligations.

Analyzing the trend, we can see that the cash ratio has generally been above 1.0 in recent years, indicating that Under Armour Inc C has had sufficient cash on hand to cover its short-term liabilities. However, there have been periods where the cash ratio dipped below 1.0, suggesting a potential strain on the company's liquidity.

Overall, while the cash ratio can provide insights into a company's ability to meet its short-term obligations, it should be considered alongside other financial metrics to get a complete picture of the company's financial health.