Under Armour Inc C (UA)

Current 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
Total current assets US$ in thousands 2,329,100 2,690,990 2,569,740 2,967,990 2,863,680 3,122,820 2,871,760 2,984,220 2,959,590 3,116,600 3,079,400 3,000,090 2,832,820 3,336,300 3,127,940 3,143,180 3,157,720 3,222,980 2,973,340 3,089,010
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
Current ratio 2.10 2.01 2.18 1.73 2.46 2.13 2.24 2.04 2.18 2.07 2.09 2.06 2.18 2.30 2.31 2.31 2.56 2.28 2.05 1.91

March 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,329,100K ÷ $1,109,140K
= 2.10

The current ratio of Under Armour Inc C has shown fluctuation over the past quarters. It increased from 1.91 in June 2020 to a peak of 2.56 in March 2021, indicating improved short-term liquidity and ability to cover its current liabilities with current assets. However, it dipped to 1.73 in June 2024 before rebounding to 2.01 in December 2024.

Generally, a current ratio above 1 indicates that a company can cover its short-term obligations with its current assets. In this case, the company has maintained a current ratio above 1 throughout the periods. Although there was a slight fluctuation, the current ratio provides a positive indication of the company's ability to meet its short-term financial obligations.

It is important to note that a current ratio of 2.01 in December 2024 is below the higher ratios seen previously, which may suggest a slight decrease in short-term liquidity compared to the previous periods. Additionally, the lack of data for March 2025 prevents a full assessment of the current ratio trend. Nonetheless, the company appears to have managed its short-term liquidity position effectively during the analyzed period.