Under Armour Inc A (UAA)

Cash ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	858,691	1,040,090	655,866	703,591	710,929	849,546	853,652	1,049,410	1,669,450	1,253,710	1,349,790	1,348,740	1,517,360	865,609	1,079,410	959,318	788,072	416,603	455,726	288,726
Short-term investments	US$ in thousands	—	—	—	—	981	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,165,460	1,466,180	1,283,100	1,464,210	1,359,280	1,502,130	1,473,260	1,458,680	1,450,180	1,354,540	1,361,960	1,234,320	1,413,280	1,448,400	1,618,610	1,691,500	1,422,010	1,199,660	1,332,640	1,094,010
Cash ratio		0.74	0.71	0.51	0.48	0.52	0.57	0.58	0.72	1.15	0.93	0.99	1.09	1.07	0.60	0.67	0.57	0.55	0.35	0.34	0.26

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 some fluctuations over the periods analyzed. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet its short-term obligations.

Looking at the trend, the cash ratio has ranged between 0.26 and 1.15 over the past several quarters. The ratio peaked at 1.15 at the end of December 2021, indicating a healthy cash position relative to its short-term liabilities at that time. Conversely, the lowest ratio of 0.26 was recorded at the end of September 2020, suggesting a relatively lower ability to cover short-term obligations with cash.

In recent quarters, the cash ratio has been relatively stable, ranging from 0.48 to 0.74 as of March 31, 2024. This indicates that, as of the most recent period, the company had a moderate ability to cover its short-term liabilities with its available cash and cash equivalents.

Overall, while the company's cash ratio has shown variability, it is essential to monitor this ratio over time to assess the company's liquidity position and its ability to manage short-term obligations effectively.