Under Armour Inc A (UAA)
Cash ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Dec 31, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 858,691 | 711,910 | 1,669,450 | 1,669,450 | 1,517,360 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,165,460 | 1,356,890 | 1,450,180 | 1,450,180 | 1,413,280 |
| Cash ratio | 0.74 | 0.52 | 1.15 | 1.15 | 1.07 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($858,691K
+ $—K)
÷ $1,165,460K
= 0.74
The cash ratio of Under Armour Inc A has exhibited fluctuations over the past five years. As of March 31, 2024, the cash ratio stood at 0.74, representing an improvement from the previous year's ratio of 0.52. This indicates that the company had $0.74 of cash and cash equivalents for every $1 of current liabilities, highlighting a stronger liquidity position.
Comparing to historical data, the cash ratio was considerably higher at 1.15 as of December 31, 2021, indicating a robust liquidity position at that time. However, the ratio decreased slightly to 1.07 by the end of fiscal year 2020 before dropping to 0.55 as of December 31, 2019, signifying a decrease in liquidity levels in those periods.
Overall, analyzing the cash ratio trend for Under Armour Inc A shows variations in liquidity levels in recent years, with the most recent ratio of 0.74 suggesting a moderate liquidity position. It is important for the company to closely monitor its cash management and ensure sufficient liquidity to meet its short-term obligations.
Peer comparison
Mar 31, 2024