Under Armour Inc C (UA)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | — | 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 |
The solvency ratios of Under Armour Inc C provide insights into the company's ability to meet its long-term financial obligations. Based on the data provided:
1. Debt-to-assets ratio: The ratio of debt-to-assets for Under Armour Inc C is consistently reported as 0.00 across multiple periods. This indicates that the company has no debt relative to its total assets. A lower debt-to-assets ratio is generally seen as favorable as it implies lower financial risk.
2. Debt-to-capital ratio: Like the debt-to-assets ratio, the debt-to-capital ratio for Under Armour Inc C is consistently reported as 0.00 across all the periods. This also suggests that the company relies less on debt financing to fund its operations and investments.
3. Debt-to-equity ratio: The debt-to-equity ratio, which compares a company's total debt to its shareholders' equity, is also consistently reported as 0.00 for Under Armour Inc C. A lower debt-to-equity ratio is typically viewed positively as it indicates lower reliance on debt for funding.
4. Financial leverage ratio: The financial leverage ratio for Under Armour Inc C has shown some fluctuations over the periods provided, ranging from 2.21 to 3.52. A decreasing trend in the financial leverage ratio is generally favorable as it indicates reduced reliance on debt to finance the company's operations.
In summary, based on the solvency ratios analyzed for Under Armour Inc C, the company appears to have a strong financial position with minimal debt levels relative to its assets, capital, and equity. The decreasing trend in the financial leverage ratio also suggests that the company is managing its debt levels effectively.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -47.31 | -39.65 | -25.44 | -19.75 | 87.86 | 74.37 | 56.34 | 31.99 | 22.13 | 18.23 | 20.98 | 19.43 | 17.71 | 14.95 | 14.02 | 11.24 | 6.22 | 2.50 | -2.60 | -3.00 |
The interest coverage ratio for Under Armour Inc C has shown a significant fluctuation over the past several quarters. The company had negative interest coverage ratios in the range of -3.00 to -2.60 in the first half of 2020, indicating that the company's earnings were not sufficient to cover its interest expenses during that period.
However, starting from December 31, 2020, the interest coverage ratio improved and became positive, reaching as high as 87.86 on March 31, 2024. This signifies that the company's earnings were significantly higher than its interest expenses during this period, indicating a healthier financial position.
In the subsequent quarters, the interest coverage ratio declined and became negative again, reaching -47.31 on March 31, 2025. This suggests that the company's earnings were insufficient to cover its interest expenses in those quarters, raising concerns about its ability to meet its debt obligations.
Overall, the trend in Under Armour Inc C's interest coverage ratio shows both improvements and deteriorations in its ability to cover interest expenses with operating income, highlighting the importance of closely monitoring the company's financial performance and debt management strategies.