Under Armour Inc C (UA)
Debt-to-assets ratio
| Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 4,760,730 | 4,760,730 | 4,857,080 | 4,857,080 | 4,991,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,760,730K
= 0.00
The debt-to-assets ratio for Under Armour Inc C has shown fluctuation over the past five years. As of March 31, 2024, the ratio stands at 0.12, indicating that the company finances 12% of its assets through debt. This represents a slight decrease from the ratio of 0.14 in the previous year, which suggests an improvement in the company's debt management.
Comparing the current ratio to historical data, it is evident that Under Armour Inc C has maintained relatively conservative levels of debt relative to its assets. The ratio was highest at 0.20 as of December 31, 2020, and lowest at 0.12 as of December 31, 2019 and March 31, 2024.
Overall, the downward trend in the debt-to-assets ratio over the past two years signifies a reduction in the company's reliance on debt to finance its operations and investments. This may indicate a stronger balance sheet position and enhanced financial stability for Under Armour Inc C in the recent period.
Peer comparison
Mar 31, 2024