Under Armour Inc C (UA)

Current 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
Total current assets	US$ in thousands	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	2,459,090	2,444,450	2,206,710
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
Current ratio		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	2.05	1.83	2.02

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,863,680K ÷ $1,165,460K
= 2.46

The current ratio of Under Armour Inc C has shown variability over the past few quarters, ranging from a low of 1.70 to a high of 2.56. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. In general, a current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong liquidity position.

Looking at the trend, the current ratio has generally been above 2 in recent quarters, indicating that Under Armour Inc C has a sufficient level of current assets to meet its short-term obligations. However, there was a slight dip in the current ratio in the most recent quarter, from 2.31 to 2.13, which may warrant further investigation.

Overall, while the current ratio for Under Armour Inc C has fluctuated, it has consistently remained above 1, indicating that the company has maintained a healthy liquidity position to cover its short-term liabilities.