Under Armour Inc C (UA)
Quick ratio
| 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 | US$ in thousands | 858,691 | 1,040,090 | 655,866 | 703,591 | 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 | 416,603 | 455,726 | 288,726 |
| Short-term investments | US$ in thousands | — | — | — | — | 981 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 843,495 | 735,181 | 743,677 |
| Total current liabilities | US$ in thousands | 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 | 1,199,660 | 1,332,640 | 1,094,010 |
| 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 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($858,691K
+ $—K
+ $757,339K)
÷ $1,165,460K
= 1.39
The quick ratio of Under Armour Inc C has exhibited some fluctuations over the past two years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio has generally been above 1, indicating that the company has an adequate level of liquid assets to cover its current liabilities. However, there are periods where the quick ratio fell below 1, suggesting potential liquidity concerns.
The highest quick ratio was observed at the end of December 2021 and the lowest quick ratio was recorded at the end of June 2019. This indicates that the company had a stronger liquidity position at the end of December 2021 compared to the end of June 2019.
Overall, the trend of the quick ratio for Under Armour Inc C shows some variability but generally indicates that the company has maintained a reasonable level of liquidity to meet its short-term obligations.
Peer comparison
Mar 31, 2024