Under Armour Inc C (UA)

Financial leverage 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
Total assets	US$ in thousands	4,630,960	4,494,590	4,860,510	4,760,730	5,044,510	4,746,550	4,867,160	4,827,550	4,827,560	4,770,070	4,605,800	4,991,400	4,822,300	4,871,510	4,914,300	5,030,630	4,863,550	5,003,340	4,837,580	4,843,530
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
Financial leverage ratio		2.33	2.26	2.68	2.21	2.36	2.31	2.46	2.46	2.64	2.63	2.66	2.39	2.44	2.64	2.78	3.00	3.31	3.52	3.12	2.25

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,630,960K ÷ $1,984,720K
= 2.33

The financial leverage ratio of Under Armour Inc C has shown fluctuations over the reported periods. The ratio was 2.25 as of December 31, 2019, and increased to 3.52 by June 30, 2020. Subsequently, there was a slight decrease in the ratio to 3.00 by December 31, 2020. Throughout 2021 and the first half of 2022, the ratio continued to decline steadily, reaching 2.39 by December 31, 2021.

However, from June 30, 2022, to September 30, 2024, the financial leverage ratio fluctuated within a relatively narrow range between 2.31 and 2.68. This indicates that the company's level of debt in relation to equity has been relatively consistent during this period.

Overall, the financial leverage ratio of Under Armour Inc C reflects variance in the company's capital structure and the extent of its reliance on debt financing over the reported time frames. It is important for stakeholders to closely monitor this ratio to assess the company's risk profile and financial stability.