Under Armour Inc C (UA)
Financial leverage 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 | ||
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Total assets | US$ in thousands | 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 | 4,633,760 | 4,679,910 | 4,436,070 |
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 |
Financial leverage ratio | 2.21 | 2.32 | 2.27 | 2.43 | 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 | 2.15 | 2.28 | 2.16 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,760,730K ÷ $2,153,290K
= 2.21
The financial leverage ratio of Under Armour Inc C has shown fluctuations over the past few quarters, ranging from 2.15 to 3.52. This ratio indicates the company's reliance on debt financing relative to its equity, with higher values suggesting higher levels of debt in the capital structure.
The trend in the financial leverage ratio indicates that the company has been gradually increasing its leverage over the period under review. This could be a strategic move to access additional capital for growth opportunities or could potentially pose risks in terms of financial stability and solvency.
It is important for investors and stakeholders to closely monitor the financial leverage ratio of Under Armour Inc C to assess the company's ability to meet its debt obligations and manage financial risks effectively. Additionally, fluctuations in the ratio could warrant further investigation into the company's debt management strategies and overall financial health.
Peer comparison
Mar 31, 2024