Under Armour Inc A (UAA)

Current 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
Total current assets US$ in thousands 2,690,990 2,569,740 2,967,990 2,863,680 3,122,820 2,871,760 2,984,220 2,959,590 3,116,600 3,079,400 3,000,090 2,832,820 3,336,300 3,127,940 3,143,180 3,157,720 3,222,980 2,973,340 3,089,010
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 1,356,890 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
Current ratio 2.01 2.18 1.73 2.46 2.13 2.24 2.04 2.18 2.07 2.09 2.06 2.18 2.30 2.31 2.31 2.56 2.28 2.05 1.91

March 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $—K ÷ $—K
= —

The current ratio of Under Armour Inc A has shown fluctuations over the past few years based on the provided data. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has generally been above 2, indicating a healthy liquidity position.

Specifically, the current ratio increased from 1.91 as of June 30, 2020, to a peak of 2.56 as of March 31, 2021, before gradually declining to 1.73 as of June 30, 2024. This indicates that the company may have faced challenges in managing its short-term obligations compared to its current assets during that period.

However, in the subsequent quarters, the current ratio recovered and stabilized around 2. This improvement suggests that Under Armour Inc A took steps to enhance its liquidity position, potentially through better management of current assets and liabilities.

The ratio dipping below 2 in some periods could signal potential liquidity concerns, as it may indicate the company has a lower ability to cover its short-term obligations with its current assets during those quarters. It would be important for Under Armour Inc A to monitor and manage its working capital effectively to ensure it can meet its short-term financial obligations consistently.