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
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.