Under Armour Inc C (UA)

Liquidity ratios

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
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
Quick ratio 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 1.05 0.89 0.94
Cash ratio 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 0.35 0.34 0.26

The liquidity ratios of Under Armour Inc C have shown fluctuations over the past few quarters. The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, has generally been above 2, indicating a strong liquidity position. However, there have been fluctuations in the current ratio, with the latest ratio standing at 2.46 as of March 31, 2024.

The quick ratio, which is a more stringent measure of liquidity as it excludes inventory from current assets, has also shown variability but has generally remained above 1. This suggests that the company has a sufficient level of liquid assets to cover its immediate liabilities. The quick ratio as of March 31, 2024, was 1.39.

The cash ratio, which is the most conservative measure of liquidity as it only considers cash and cash equivalents, has shown fluctuations as well. The cash ratio as of March 31, 2024, was 0.74, indicating that the company may have a lower level of readily available cash to cover its liabilities compared to the other liquidity ratios.

Overall, the current and quick ratios suggest that Under Armour Inc C has maintained a strong liquidity position over the quarters analyzed. However, the fluctuations in the ratios indicate a need for close monitoring of the company's liquidity management to ensure it can meet its short-term obligations effectively.

Additional liquidity measure

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
Cash conversion cycle days 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 84.88 114.12 97.37 115.82

The cash conversion cycle of Under Armour Inc C has shown fluctuations over the past few quarters. The company's cash conversion cycle, which measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales, ranged from a high of 129.12 days in September 2020 to a low of 62.17 days in June 2022.

The trend of the cash conversion cycle indicates that the company may have faced challenges in managing its working capital efficiently, resulting in longer periods between investing in inventory and receiving cash from sales. A longer cash conversion cycle can put pressure on the company's liquidity and profitability.

It is important for Under Armour Inc C to closely monitor and manage its cash conversion cycle to optimize working capital and enhance overall financial performance. Strategies to reduce the cash conversion cycle may include improving inventory management, negotiating better payment terms with suppliers, and accelerating the collection of accounts receivable.