Under Armour Inc A (UAA)

Current ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	2,459,090	2,444,450	2,206,710
Total current liabilities	US$ in thousands	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	1,199,660	1,332,640	1,094,010
Current ratio		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	2.05	1.83	2.02

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 exhibited fluctuations over the past few quarters, ranging from 1.70 to 2.56. The current ratio measures a company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger ability to meet short-term obligations.

In the latest quarter, as of March 31, 2024, Under Armour Inc A's current ratio stands at 2.46, showing an improvement from the previous quarter's 2.13. This suggests that the company has increased its current assets relative to its current liabilities, enhancing its short-term liquidity position.

Analyzing the trend over the past few quarters, we can observe that the current ratio has been generally fluctuating around the range of 2.00 to 2.30. This indicates that Under Armour Inc A has maintained a relatively healthy liquidity position, with ample current assets to cover its short-term obligations.

Overall, the current ratio of Under Armour Inc A has demonstrated stability and consistency within the desired range, reflecting a sound financial position in terms of short-term liquidity management.