Under Armour Inc C (UA)

Debt-to-capital 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,890,280	1,984,720	1,985,200	1,816,570	2,153,290	2,173,020	2,089,740	2,005,410	1,998,400	1,832,000	1,816,330	1,729,080	1,728,950	2,088,990	1,977,750	1,846,710	1,770,200	1,675,990	1,470,350	1,423,410
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

March 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,890,280K)
= 0.00

The debt-to-capital ratio of Under Armour Inc C has remained consistently at 0.00 from June 30, 2020, to March 31, 2025, with no data available beyond that date. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 implies that all capital employed in the company is derived from equity, signaling a low financial risk associated with debt obligations. While a debt-free capital structure can be advantageous in terms of financial stability and flexibility, it may also signify missed opportunities for leveraging debt to support growth and investment strategies. Additionally, a sustained ratio of 0.00 may raise questions about the company's optimal capital allocation and its ability to effectively manage its capital structure for enhanced shareholder value and sustainable growth.