Under Armour Inc C (UA)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	2,153,290	2,173,020	2,089,740	2,005,410	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	2,153,670	2,048,270	2,049,810
Debt-to-equity ratio		0.28	0.27	0.28	0.30	0.34	0.37	0.37	0.39	0.32	0.34	0.44	0.57	0.60	0.68	0.69	0.38	0.28	0.27	0.29	0.29

March 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $594,873K ÷ $2,153,290K
= 0.28

The debt-to-equity ratio of Under Armour Inc C has shown fluctuation over the past several quarters. As of March 31, 2024, the debt-to-equity ratio stands at 0.28, indicating that the company has $0.28 in debt for every $1 of equity. This ratio has slightly decreased from the previous quarter, where it was at 0.27.

Looking further back, the trend in the debt-to-equity ratio shows some variability. The ratio was relatively stable around 0.30 in mid-2023 but then decreased to 0.28 by the end of the year. However, in early 2021, the ratio spiked to 0.57 before gradually declining. This increase and subsequent decrease may suggest changes in the company's financial leverage or capital structure during that period.

Overall, the current debt-to-equity ratio of 0.28 indicates a moderate level of debt in relation to equity for Under Armour Inc C. It is important to monitor this ratio over time to assess the company's financial risk and stability.