Under Armour Inc A (UAA)

Liquidity ratios

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
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
Quick ratio 1.00 1.06 0.91 1.39 1.18 1.14 0.96 1.08 1.03 1.12 1.19 1.54 1.47 1.46 1.66 1.45 1.15 1.02 0.96 1.05
Cash ratio 0.54 0.45 0.51 0.74 0.71 0.51 0.48 0.52 0.57 0.58 0.72 1.15 0.93 0.99 1.09 1.07 0.60 0.67 0.57 0.55

The current ratio for Under Armour Inc A has shown a generally upward trend over the periods analyzed, indicating an improving ability to cover its short-term liabilities with its current assets. From December 31, 2019, to December 31, 2024, the current ratio ranged from 1.90 to 2.46, with the highest point in March 31, 2024. This suggests that the company has sufficient current assets to meet its short-term obligations.

The quick ratio, which provides a more conservative measure of liquidity by excluding inventory from current assets, also exhibited a positive trend over the same period. The quick ratio ranged from 0.91 to 1.66, with the highest level recorded on March 31, 2021. This indicates that the company has an increasing ability to cover its short-term liabilities with its most liquid assets.

The cash ratio, which is the most stringent liquidity ratio as it only considers cash and cash equivalents, displayed some fluctuations but generally stayed above 1, except for a few points. This suggests that Under Armour Inc A has a solid ability to meet its short-term obligations using only its cash holdings.

Overall, based on the current ratio, quick ratio, and cash ratio trends, Under Armour Inc A appears to have maintained a healthy liquidity position over the analyzed periods.

Additional liquidity measure

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
Cash conversion cycle days 100.21 117.93 96.46 104.90 90.93 118.75 111.44 107.23 96.76 87.37 79.58 62.17 88.36 78.12 106.84 93.48 129.12 128.75 121.26 84.88

The cash conversion cycle of Under Armour Inc A has fluctuated over the periods indicated in the data provided. The cash conversion cycle represents the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales. A lower cash conversion cycle is generally preferred as it indicates that the company is efficiently managing its working capital.

Throughout the periods mentioned, the cash conversion cycle ranged from a high of 129.12 days on September 30, 2020, to a low of 62.17 days on December 31, 2021. The significant fluctuations in the cash conversion cycle could indicate changes in the company's inventory management, accounts receivable collection, and accounts payable payment processes over time.

It is essential for Under Armour Inc A to monitor and manage its cash conversion cycle effectively to ensure optimal utilization of its working capital and maintain liquidity. Analyzing trends in the cash conversion cycle can provide insights into the company's operational efficiency and financial health.