Under Armour Inc C (UA)

Solvency ratios

	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
Debt-to-assets ratio	0.13	0.13	0.12	0.12	0.12	0.13	0.12	0.14	0.14	0.14	0.15	0.13	0.14	0.17	0.21	0.20	0.21	0.20	0.12	0.12
Debt-to-capital ratio	0.23	0.23	0.25	0.22	0.22	0.22	0.23	0.26	0.27	0.27	0.28	0.24	0.25	0.30	0.36	0.37	0.40	0.41	0.28	0.22
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
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

The solvency ratios of Under Armour Inc C indicate the company's ability to meet its long-term debt obligations.

1. Debt-to-assets ratio: This ratio remained relatively stable over the years, ranging from 0.12 to 0.21. A lower debt-to-assets ratio indicates lower financial risk as it means the company has less debt relative to its total assets.

2. Debt-to-capital ratio: The debt-to-capital ratio fluctuated, with a peak of 0.41 in June 2020 and a low of 0.22 in December 2019. This ratio measures the proportion of a company's capital that is financed by debt. The lower the ratio, the lower the financial risk.

3. Debt-to-equity ratio: The debt-to-equity ratio also showed fluctuations, with a range from 0.28 to 0.69. This ratio indicates the proportion of debt and equity used to finance the company's assets. A lower ratio signifies lower financial risk and a stronger equity position.

4. Financial leverage ratio: The financial leverage ratio varied over the years, reaching a high of 3.52 in June 2020 and a low of 2.21 in March 2024. This ratio compares the company's total assets to its equity capital. A lower ratio suggests lower financial risk and a stronger equity base.

Overall, while there were fluctuations in the solvency ratios of Under Armour Inc C, the general trend indicates a relatively stable and sound financial position with manageable levels of debt relative to assets, capital, and equity. It suggests that the company has maintained a reasonable balance between debt and equity financing, contributing to its overall solvency and financial stability.

Coverage ratios

	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
Interest coverage	-3.89	-2.07	-3.07	9.88	17.63	28.95	24.04	25.24	73.00	54.21	34.02	28.79	15.07	10.79	2.30	-35.52	-54.24	-85.90	-83.84	55.66

The interest coverage ratio of Under Armour Inc C has varied significantly over the specified periods. The ratio was positive and relatively high at 55.66 on December 31, 2019, indicating the company's ability to cover its interest expenses comfortably. However, the ratio turned negative in the subsequent quarters, with -83.84 on March 31, 2020, -85.90 on June 30, 2020, and -54.24 on September 30, 2020, suggesting a concerning inability to cover interest payments with operating income.

Throughout 2021, the interest coverage ratio improved, reflecting a positive trend. The ratio increased to 2.30 on March 31, 2021, and continued to rise steadily, reaching 28.79 on December 31, 2021. This improvement indicates that the company's operating income became more sufficient to cover its interest expenses.

In the first half of 2022, the interest coverage ratio continued to increase, reaching 54.21 on September 30, 2022. By the end of 2022, the ratio peaked at 73.00, demonstrating a strong ability to meet interest obligations with operating income.

Subsequently, in 2023 and 2024, the interest coverage ratio decreased gradually but remained positive. The ratio was 17.63 on December 31, 2023, 9.88 on March 31, 2024, and turned slightly negative with -3.07 on June 30, 2024, and -3.89 on December 31, 2024. A negative interest coverage ratio indicates that the company's operating income was insufficient to cover its interest expenses in those periods.

Overall, the fluctuations in Under Armour Inc C's interest coverage ratio show a mix of strong and weak financial performance in terms of its ability to meet interest obligations with operating income. It is essential for the company to closely monitor and manage its financial health to ensure it can consistently cover its interest expenses.