Under Armour Inc A (UAA)

Current ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Dec 31, 2021	Mar 31, 2021
Total current assets	US$ in thousands	2,863,680	2,959,590	3,336,300	3,336,300	3,222,980
Total current liabilities	US$ in thousands	1,165,460	1,356,890	1,450,180	1,450,180	1,413,280
Current ratio		2.46	2.18	2.30	2.30	2.28

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,863,680K ÷ $1,165,460K
= 2.46

The current ratio of Under Armour Inc A has shown a positive trend over the past five years. As of March 31, 2024, the current ratio stands at 2.46, indicating the company's strong ability to meet its short-term liabilities with its current assets. This reflects an improvement from the previous year's ratio of 2.17 and is significantly higher than the ratios reported in the years prior, suggesting better liquidity and financial health. A current ratio above 1 is generally considered healthy, and the consistent increase in this ratio for Under Armour Inc A demonstrates a positive liquidity position and efficient management of its current assets and liabilities.