Under Armour Inc C (UA)
Cash ratio
| Mar 31, 2025 | 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 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 501,361 | 726,877 | 530,701 | 884,552 | 858,691 | 1,040,090 | 655,866 | 703,591 | 711,910 | 849,546 | 853,652 | 1,049,410 | 1,009,140 | 1,669,450 | 1,253,710 | 1,349,790 | 1,348,740 | 1,517,360 | 865,609 | 1,079,410 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,109,140 | 1,341,020 | 1,181,130 | 1,718,290 | 1,165,460 | 1,466,180 | 1,283,100 | 1,464,210 | 1,356,890 | 1,502,130 | 1,473,260 | 1,458,680 | 1,298,600 | 1,450,180 | 1,354,540 | 1,361,960 | 1,234,320 | 1,413,280 | 1,448,400 | 1,618,610 |
| Cash ratio | 0.45 | 0.54 | 0.45 | 0.51 | 0.74 | 0.71 | 0.51 | 0.48 | 0.52 | 0.57 | 0.58 | 0.72 | 0.78 | 1.15 | 0.93 | 0.99 | 1.09 | 1.07 | 0.60 | 0.67 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($501,361K
+ $—K)
÷ $1,109,140K
= 0.45
The cash ratio for Under Armour Inc C fluctuated over the period from June 30, 2020, to March 31, 2025. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From June 30, 2020, to December 31, 2021, the cash ratio improved steadily, reaching a peak of 1.15, indicating the company had more than enough cash to cover its short-term obligations during this period. However, after December 31, 2021, the cash ratio started to decline, dropping to 0.45 by September 30, 2024.
The decreasing trend in the cash ratio from December 31, 2021, to September 30, 2024, suggests a potential liquidity concern for Under Armour Inc C. A declining cash ratio may indicate that the company is becoming less capable of meeting its short-term obligations solely from its cash reserves.
The abrupt drop in the cash ratio from a high of 1.15 to a low of 0.45 over the analyzed period may signal the need for the company to reassess its liquidity management strategies to ensure it can meet its financial obligations effectively in the future.
Peer comparison
Mar 31, 2025