Under Armour Inc C (UA)
Debt-to-capital 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 | ||
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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 stockholders’ equity | US$ in thousands | 1,984,720 | 1,985,200 | 1,816,570 | 2,153,290 | 2,133,930 | 2,054,040 | 1,974,620 | 1,966,150 | 1,832,000 | 1,816,330 | 1,729,080 | 2,088,990 | 1,977,750 | 1,846,710 | 1,770,200 | 1,675,990 | 1,470,350 | 1,423,410 | 1,550,180 | 2,150,090 |
Debt-to-capital ratio | 0.23 | 0.23 | 0.25 | 0.22 | 0.22 | 0.22 | 0.23 | 0.26 | 0.27 | 0.27 | 0.28 | 0.24 | 0.25 | 0.30 | 0.36 | 0.37 | 0.40 | 0.41 | 0.28 | 0.22 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $595,188K ÷ ($595,188K + $1,984,720K)
= 0.23
The debt-to-capital ratio of Under Armour Inc C has shown a downward trend over the past few years. It decreased from 0.22 as of December 31, 2019, to 0.23 as of December 31, 2024, with some fluctuations in between. This ratio indicates the proportion of debt in the company's capital structure, where a lower ratio may suggest lower financial risk. The decreasing trend in the debt-to-capital ratio may indicate that the company is either reducing its debt levels or increasing its equity base relative to debt, which could be a positive sign for investors and creditors. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of the company's financial health and performance.
Peer comparison
Dec 31, 2024