Under Armour Inc C (UA)

Liquidity ratios

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
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
Quick ratio 1.00 1.06 0.91 1.39 1.18 1.14 0.96 1.08 1.03 1.12 1.19 1.54 1.47 1.46 1.66 1.45 1.15 1.02 0.96 1.05
Cash ratio 0.54 0.45 0.51 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

The liquidity ratios of Under Armour Inc C indicate the company's ability to meet its short-term obligations. The current ratio, which measures the company's ability to cover its short-term liabilities with its short-term assets, has shown a generally increasing trend over the years, reaching a peak of 2.56 on March 31, 2021, before stabilizing around 2.00 in the most recent periods.

The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, has also shown a similar pattern of improvement, peaking at 1.66 on March 31, 2021, and then stabilizing above 1.00 in the recent periods.

The cash ratio, which measures the company's ability to cover its current liabilities with its most liquid assets (cash and cash equivalents), has generally been fluctuating but remained above 0.50 in most periods.

Overall, the liquidity ratios suggest that Under Armour Inc C has good liquidity and is well-positioned to meet its short-term obligations. The improving trend in the current and quick ratios signifies a strengthening liquidity position over the years.

Additional liquidity measure

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
Cash conversion cycle days 100.21 117.93 96.46 104.90 90.93 118.75 111.44 107.23 96.76 87.37 79.58 62.17 88.36 78.12 106.84 93.48 129.12 128.75 121.26 84.88

The cash conversion cycle of Under Armour Inc C has shown fluctuations over the years, indicating changes in its operational efficiency in managing its cash flow.

- In December 2019, the cash conversion cycle stood at 84.88 days.
- There was a significant increase in the cycle by March 2020 to 121.26 days, indicating a longer period between the company's payment for inventory and the receipt of cash from sales.
- The trend continued to rise in the following quarters, reaching a peak of 129.12 days by September 2020, suggesting potential liquidity challenges.
- However, by December 2020, the cycle improved to 93.48 days, indicating a more efficient management of cash flow.
- The cycle fluctuated throughout 2021 and early 2022, indicating some instability in the company's cash flow management.
- By December 2022, the cycle increased to 96.76 days, showing a slight deterioration in cash flow efficiency.
- The cycle decreased in the following quarters, reaching 100.21 days by December 2024, suggesting some improvement in managing the cash conversion cycle.

Overall, the cash conversion cycle of Under Armour Inc C has experienced fluctuations, which may indicate varying levels of efficiency in managing its working capital and cash flow during the periods under review. It is essential for the company to consistently monitor and improve its cash conversion cycle to ensure optimal financial health and operational efficiency.