Under Armour Inc C (UA)
Quick ratio
| Mar 31, 2025 | Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 501,361 | 858,691 | 858,691 | 711,910 | 711,910 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 675,822 | 757,339 | 757,339 | 759,860 | 759,860 |
| Total current liabilities | US$ in thousands | 1,109,140 | 1,165,460 | 1,165,460 | 1,356,890 | 1,356,890 |
| Quick ratio | 1.06 | 1.39 | 1.39 | 1.08 | 1.08 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($501,361K
+ $—K
+ $675,822K)
÷ $1,109,140K
= 1.06
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of 1 or higher is generally considered acceptable, as it suggests that the company has enough liquid assets to cover its current liabilities.
Looking at the data provided for Under Armour Inc C, we observe the following quick ratios:
- As of December 31, 2022, the quick ratio was 1.08.
- By March 31, 2023, the quick ratio remained at 1.08.
- There was a noticeable increase in the quick ratio to 1.39 by December 31, 2023, indicating improved liquidity.
- This ratio was sustained at 1.39 as of March 31, 2024.
- However, there was a slight dip in the quick ratio to 1.06 by March 31, 2025.
Overall, the quick ratio of Under Armour Inc C has generally been above 1 during the period analyzed, suggesting that the company was able to meet its short-term obligations with its quick assets. Investors and stakeholders may find this consistent liquidity position favorable in assessing the company's financial health and ability to manage its current liabilities. It is important to monitor future trends in the quick ratio to assess any potential changes in the company's liquidity position.
Peer comparison
Mar 31, 2025