Under Armour Inc C (UA)

Current 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
Total current assets	US$ in thousands	2,690,990	2,569,740	2,967,990	2,863,680	3,122,820	2,871,760	2,984,220	2,948,480	3,116,600	3,079,400	3,000,090	3,336,300	3,127,940	3,143,180	3,157,720	3,222,980	2,973,340	3,089,010	2,868,010	2,702,210
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
Current ratio		2.01	2.18	1.73	2.46	2.13	2.24	2.04	2.17	2.07	2.09	2.06	2.30	2.31	2.31	2.56	2.28	2.05	1.91	1.70	1.90

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,690,990K ÷ $1,341,020K
= 2.01

The current ratio of Under Armour Inc C has fluctuated over the periods presented in the data. The current ratio indicates the company's ability to meet its short-term obligations with its current assets. A higher current ratio generally suggests a stronger financial position and liquidity.

- The current ratio as of December 31, 2019, stood at 1.90, indicating that the company had $1.90 in current assets for every $1 in current liabilities.
- By March 31, 2020, the current ratio decreased to 1.70, reflecting a slight decline in liquidity.
- The ratio improved by June 30, 2020, reaching 1.91, and further increased to 2.05 by September 30, 2020, signaling stronger short-term financial health.
- The current ratio continued to rise throughout the following periods, peaking at 2.56 as of March 31, 2021, and maintaining levels above 2 in subsequent quarters.
- However, in the second quarter of 2024, the current ratio dropped significantly to 1.73, showing a potential liquidity challenge.
- By the end of December 31, 2024, the ratio had recovered to 2.01, indicating an improvement in the company's ability to cover its short-term liabilities with current assets.

Overall, the trend in Under Armour Inc C's current ratio demonstrates fluctuations in liquidity over time, with periods of strength and challenges. Monitoring this ratio provides insights into the company's ability to manage its current financial obligations effectively.