Under Armour Inc C (UA)

Debt-to-assets 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
Long-term debt	US$ in thousands	594,873	595,124	594,655	594,107	674,478	673,930	673,382	672,834	662,531	662,903	804,621	1,009,950	1,003,560	997,347	987,949	593,281	592,687	591,995	591,396	590,431
Total assets	US$ in thousands	4,760,730	5,044,510	4,746,550	4,867,160	4,827,550	4,827,560	4,770,070	4,605,800	4,991,400	4,822,300	4,871,510	4,914,300	5,030,630	4,863,550	5,003,340	4,837,580	4,843,530	4,633,760	4,679,910	4,436,070
Debt-to-assets ratio		0.12	0.12	0.13	0.12	0.14	0.14	0.14	0.15	0.13	0.14	0.17	0.21	0.20	0.21	0.20	0.12	0.12	0.13	0.13	0.13

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $594,873K ÷ $4,760,730K
= 0.12

The debt-to-assets ratio for Under Armour Inc C has been relatively stable over the past few quarters, ranging between 0.12 and 0.21. This ratio indicates the proportion of the company's assets financed by debt. A lower ratio suggests lower financial risk as the company relies less on debt to fund its operations.

In the most recent quarter, as of March 31, 2024, the debt-to-assets ratio was 0.12, signaling that only 12% of the company's assets were financed through debt. This indicates a conservative approach to financing, which may positively impact the company's financial stability and ability to weather economic downturns.

Overall, the trend in the debt-to-assets ratio for Under Armour Inc C reflects a prudent capital structure management strategy, where the company has maintained a relatively low level of debt relative to its total assets.