Under Armour Inc C (UA)

Quick 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
Cash US$ in thousands 501,361 726,877 530,701 884,552 858,691 1,040,090 655,866 703,591 711,910 849,546 853,652 1,049,410 1,009,140 1,669,450 1,253,710 1,349,790 1,348,740 1,517,360 865,609 1,079,410
Short-term investments US$ in thousands
Receivables US$ in thousands 675,822 615,467 723,042 684,695 757,339 691,546 805,197 695,455 759,860 700,544 789,087 693,636 702,197 569,014 735,779 639,176 696,287 527,340 806,916 568,430
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
Quick ratio 1.06 1.00 1.06 0.91 1.39 1.18 1.14 0.96 1.08 1.03 1.12 1.19 1.32 1.54 1.47 1.46 1.66 1.45 1.15 1.02

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 of Under Armour Inc C has exhibited fluctuations over the reported periods. The quick ratio, which measures the company's ability to meet short-term obligations with its most liquid assets, was 1.02 as of June 30, 2020, indicating that the company had just enough liquid assets to cover its current liabilities.

Subsequently, the quick ratio improved to 1.45 by December 31, 2020, demonstrating a stronger ability to cover its short-term obligations. The trend continued to improve, reaching a peak of 1.66 by March 31, 2021, suggesting a more robust liquidity position.

However, from June 30, 2021, the quick ratio began to fluctuate, with values ranging between 1.12 and 1.54 until March 31, 2024. Notably, the quick ratio experienced a significant decline to 0.91 as of June 30, 2024, possibly indicating a deterioration in the company's ability to meet its short-term obligations with its liquid assets.

Overall, the quick ratio of Under Armour Inc C has shown varying levels of liquidity over the analyzed periods, with some fluctuations that may warrant further investigation into the company's financial health and management of short-term obligations.