Under Armour Inc C (UA)

Financial leverage ratio

		Mar 31, 2025	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	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Total assets	US$ in thousands	4,300,870	4,630,960	4,494,590	4,860,510	4,760,730	5,044,510	4,746,550	4,867,160	4,857,080	4,827,560	4,770,070	4,605,800	4,452,830	4,991,400	4,822,300	4,871,510	4,914,300	5,030,630	4,863,550	5,003,340
Total stockholders’ equity	US$ in thousands	1,890,280	1,984,720	1,985,200	1,816,570	2,153,290	2,173,020	2,089,740	2,005,410	1,998,400	1,832,000	1,816,330	1,729,080	1,728,950	2,088,990	1,977,750	1,846,710	1,770,200	1,675,990	1,470,350	1,423,410
Financial leverage ratio		2.28	2.33	2.26	2.68	2.21	2.32	2.27	2.43	2.43	2.64	2.63	2.66	2.58	2.39	2.44	2.64	2.78	3.00	3.31	3.52

March 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,300,870K ÷ $1,890,280K
= 2.28

The financial leverage ratio of Under Armour Inc C has been fluctuating over the reporting periods provided. Initially, in June 2020, the ratio stood at 3.52, indicating a relatively high level of financial leverage. However, this ratio decreased steadily over time, reaching its lowest point of 2.21 in March 2024. This decrease suggests a reduction in the company's reliance on debt to finance its operations.

Subsequently, the financial leverage ratio increased in June 2024 to 2.68 before falling again to 2.33 by December 2024. The ratio remained relatively stable in the following periods, with the latest reported figure in March 2025 being unspecified. Overall, the downward trend in the financial leverage ratio from 2020 to 2024 indicates that Under Armour Inc C may have been managing its debt levels effectively and improving its financial strength during this period.