Under Armour Inc C (UA)
Quick ratio
| 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 | US$ in thousands | 726,877 | 530,701 | 884,552 | 858,691 | 1,039,110 | 654,885 | 702,610 | 710,929 | 849,546 | 853,652 | 1,049,410 | 1,669,450 | 1,253,710 | 1,349,790 | 1,348,740 | 1,517,360 | 865,609 | 1,079,410 | 959,318 | 788,072 |
| Short-term investments | US$ in thousands | — | — | — | — | 981 | 981 | 981 | 981 | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 615,467 | 723,042 | 684,695 | 757,339 | 691,546 | 805,197 | 695,455 | 759,860 | 700,544 | 789,087 | 693,636 | 569,014 | 735,779 | 639,176 | 696,287 | 527,340 | 806,916 | 568,430 | 668,409 | 708,714 |
| Total current liabilities | US$ in thousands | 1,341,020 | 1,181,130 | 1,718,290 | 1,165,460 | 1,466,180 | 1,283,100 | 1,464,210 | 1,359,280 | 1,502,130 | 1,473,260 | 1,458,680 | 1,450,180 | 1,354,540 | 1,361,960 | 1,234,320 | 1,413,280 | 1,448,400 | 1,618,610 | 1,691,500 | 1,422,010 |
| 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($726,877K
+ $—K
+ $615,467K)
÷ $1,341,020K
= 1.00
The quick ratio of Under Armour Inc C has shown fluctuations over the given period, ranging from 0.91 to 1.66. A quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of 1 or higher typically indicates that a company has enough liquid assets to cover its current liabilities.
In analyzing the quick ratio trend of Under Armour Inc C, we can observe that it generally remained above 1 throughout the period, indicating a healthy ability to meet short-term obligations. The quick ratio peaked at 1.66 on March 31, 2021, suggesting a strong liquidity position at that point in time. However, there were instances where the quick ratio dropped below 1, such as on June 30, 2024, which may raise concerns about the company's short-term liquidity.
It is essential to further investigate the reasons behind these fluctuations in the quick ratio to assess the company's overall financial health and ability to manage its short-term obligations effectively.
Peer comparison
Dec 31, 2024