Under Armour Inc C (UA)

Debt-to-equity 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-equity ratio 0.30 0.30 0.33 0.28 0.28 0.29 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

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $595,188K ÷ $1,984,720K
= 0.30

The debt-to-equity ratio of Under Armour Inc C has exhibited fluctuations over the years, indicating changes in its capital structure. From December 31, 2019, to December 31, 2024, the ratio decreased from 0.28 to 0.30, with fluctuations in between. This suggests that the company has been maintaining a relatively conservative approach towards debt financing compared to equity. The trend indicates that Under Armour Inc C has been managing its debt levels effectively while also considering the equity component in its capital structure. The decreasing trend in the ratio may indicate that the company is gradually reducing its reliance on debt to fund its operations and investments, which can be perceived positively by investors and creditors as it signifies a lower risk of financial distress.