Under Armour Inc A (UAA)
Quick ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 501,361 | 858,691 | 711,910 | 1,669,450 | 1,669,450 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 675,822 | 757,339 | 759,860 | 569,014 | 569,014 |
| Total current liabilities | US$ in thousands | 1,109,140 | 1,165,460 | 1,356,890 | 1,450,180 | 1,450,180 |
| Quick ratio | 1.06 | 1.39 | 1.08 | 1.54 | 1.54 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($501,361K
+ $—K
+ $675,822K)
÷ $1,109,140K
= 1.06
The quick ratio of Under Armour Inc A has shown some fluctuation over the years based on the available data. As of December 31, 2021, and March 31, 2022, the quick ratio stood at a healthy 1.54, indicating the company's ability to cover its short-term liabilities with its most liquid assets. However, there was a notable decline in the quick ratio to 1.08 as of March 31, 2023, suggesting a potential liquidity strain.
The quick ratio improved to 1.39 as of March 31, 2024, signaling a recovery in the company's short-term liquidity position. Nevertheless, the ratio dropped again to 1.06 by March 31, 2025, possibly indicating a decrease in liquid assets relative to current liabilities.
Overall, while the quick ratio of Under Armour Inc A has shown variability, it has generally remained above 1, indicating that the company has been able to meet its short-term obligations efficiently with its quick assets. Further monitoring of the trend is advisable to assess the company's ongoing liquidity management.
Peer comparison
Mar 31, 2025