Under Armour Inc A (UAA)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 501,361 | 726,877 | 530,701 | 884,552 | 858,691 | 1,040,090 | 655,866 | 703,591 | 711,910 | 849,546 | 853,652 | 1,049,410 | 1,009,140 | 1,669,450 | 1,253,710 | 1,349,790 | 1,348,740 | 1,517,360 | 865,609 | 1,079,410 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,109,140 | 1,341,020 | 1,181,130 | 1,718,290 | 1,165,460 | 1,466,180 | 1,283,100 | 1,464,210 | 1,356,890 | 1,502,130 | 1,473,260 | 1,458,680 | 1,298,600 | 1,450,180 | 1,354,540 | 1,361,960 | 1,234,320 | 1,413,280 | 1,448,400 | 1,618,610 |
| Cash ratio | 0.45 | 0.54 | 0.45 | 0.51 | 0.74 | 0.71 | 0.51 | 0.48 | 0.52 | 0.57 | 0.58 | 0.72 | 0.78 | 1.15 | 0.93 | 0.99 | 1.09 | 1.07 | 0.60 | 0.67 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($501,361K
+ $—K)
÷ $1,109,140K
= 0.45
The cash ratio of Under Armour Inc A fluctuated over the reported periods. The cash ratio indicates the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio is generally preferred as it signifies a stronger ability to meet short-term obligations.
Looking at the data provided:
- The cash ratio increased from December 2020 to March 2021, indicating an improvement in the company's liquidity position.
- The ratio remained relatively stable throughout 2021, hovering around 1.0, which suggests a consistent ability to cover short-term liabilities with cash.
- However, from December 2021 onwards, the cash ratio started declining, reaching the lowest point of 0.45 by September 30, 2024.
Overall, the downward trend in the cash ratio post-2021 may raise concerns about the company's liquidity position and its ability to meet short-term obligations with available cash reserves. Further analysis and monitoring of the company's cash management practices may be warranted to address any potential liquidity challenges.
Peer comparison
Mar 31, 2025