Under Armour Inc A (UAA)
Cash ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 726,877 | 530,701 | 884,552 | 858,691 | 1,039,110 | 654,885 | 702,610 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | 981 | 981 | 981 | 981 | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,341,020 | 1,181,130 | 1,718,290 | 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 |
| Cash ratio | 0.54 | 0.45 | 0.51 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($726,877K
+ $—K)
÷ $1,341,020K
= 0.54
The cash ratio of Under Armour Inc A has fluctuated over the period from December 31, 2019, to December 31, 2024. The cash ratio started at 0.55 on December 31, 2019, increased to 1.15 on December 31, 2021, before gradually decreasing to 0.54 by December 31, 2024.
The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates that the company has more cash relative to its current liabilities, which is a positive indicator of liquidity and financial stability.
Throughout the period analyzed, Under Armour Inc A maintained a cash ratio above 1.0 on several occasions, signifying that it had more cash on hand than short-term obligations. However, there were also periods where the cash ratio dropped below 1.0, suggesting a potentially lower liquidity position.
Overall, the fluctuation in the cash ratio of Under Armour Inc A indicates varying levels of liquidity and the company's ability to meet its short-term obligations using its available cash resources over the analyzed period.
Peer comparison
Dec 31, 2024