Under Armour Inc A (UAA)
Current ratio
Mar 31, 2024 | Mar 31, 2023 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 2,863,680 | 2,948,480 | 3,336,300 | 3,222,980 | 2,702,210 |
Total current liabilities | US$ in thousands | 1,165,460 | 1,359,280 | 1,450,180 | 1,413,280 | 1,422,010 |
Current ratio | 2.46 | 2.17 | 2.30 | 2.28 | 1.90 |
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.
Peer comparison
Mar 31, 2024