Under Armour Inc A (UAA)

Current 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
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	2,948,480	3,116,600	3,079,400	3,000,090	3,336,300	3,127,940	3,143,180	3,157,720	3,222,980	2,973,340	3,089,010	2,868,010	2,702,210
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
Current ratio		2.01	2.18	1.73	2.46	2.13	2.24	2.04	2.17	2.07	2.09	2.06	2.30	2.31	2.31	2.56	2.28	2.05	1.91	1.70	1.90

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,690,990K ÷ $1,341,020K
= 2.01

The current ratio of Under Armour Inc A has shown fluctuations over the reporting periods. The current ratio measures the company's ability to meet its short-term obligations using its current assets. A higher current ratio typically indicates a stronger liquidity position.

From December 31, 2019, to December 31, 2020, the current ratio saw a steady increase from 1.90 to 2.28, indicating an improvement in the company's short-term liquidity position. This positive trend continued until March 31, 2021, where the current ratio peaked at 2.56.

However, from June 30, 2021, to June 30, 2024, the current ratio experienced fluctuations, with values ranging from 1.73 to 2.46. Notably, there was a significant decrease in the current ratio from June 30, 2024, to 1.73, suggesting a potential liquidity challenge during that period.

Overall, the current ratio of Under Armour Inc A has generally remained above 1 throughout the mentioned periods, indicating that the company has been able to cover its short-term liabilities with its current assets. It is important for investors and analysts to closely monitor these fluctuations to assess the company's liquidity position accurately.