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.
Peer comparison
Mar 31, 2025