Under Armour Inc C (UA)

Debt-to-assets 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
Long-term debt	US$ in thousands	595,188	594,592	595,384	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
Total assets	US$ in thousands	4,630,960	4,494,590	4,860,510	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
Debt-to-assets ratio		0.13	0.13	0.12	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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $595,188K ÷ $4,630,960K
= 0.13

The debt-to-assets ratio of Under Armour Inc C has shown some fluctuations over the period from December 31, 2019, to December 31, 2024. The ratio measures the proportion of the company's assets that are financed by debt.

The trend in the debt-to-assets ratio indicates that the company maintained a relatively low level of debt relative to its total assets throughout the period. The ratio ranged between 0.12 and 0.21 during the initial period, demonstrating a stable financial structure.

However, in the later years, the ratio saw some variation, dropping to 0.12 by June 30, 2023, before slightly increasing to 0.13 by September 30, 2024. This slight increase could indicate a higher level of debt relative to assets, although the ratio remained relatively low overall.

Overall, the debt-to-assets ratio of Under Armour Inc C suggests that the company has been managing its debt levels prudently, with a significant portion of its assets being financed by equity rather than debt.