Under Armour Inc A (UAA)

Quick 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
Cash	US$ in thousands	858,691	1,040,090	655,866	703,591	710,929	849,546	853,652	1,049,410	1,669,450	1,253,710	1,349,790	1,348,740	1,517,360	865,609	1,079,410	959,318	788,072	416,603	455,726	288,726
Short-term investments	US$ in thousands	—	—	—	—	981	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	757,339	691,546	805,197	695,455	759,860	700,544	789,087	693,636	569,014	735,779	639,176	696,287	527,340	806,916	568,430	668,409	708,714	843,495	735,181	743,677
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
Quick ratio		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	1.05	0.89	0.94

March 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($858,691K + $—K + $757,339K) ÷ $1,165,460K
= 1.39

The quick ratio of Under Armour Inc A has shown some fluctuations over the periods analyzed. Generally, a quick ratio above 1 indicates that a company has an acceptable level of liquidity to cover its short-term obligations.

From December 2019 to December 2021, the quick ratio remained consistently above 1, indicating that the company had a strong ability to meet its short-term liabilities with its liquid assets. However, there was a slight decrease in the quick ratio towards the end of 2021 and through the first half of 2022, but it remained relatively healthy.

In the most recent period, the quick ratio improved significantly to 1.39, signaling a notable increase in the company's ability to cover its short-term obligations with its liquid assets. This improvement may suggest enhanced liquidity and financial strength for Under Armour Inc A as of March 31, 2024.

Overall, while there have been fluctuations in the quick ratio of Under Armour Inc A over the periods analyzed, the most recent data point indicates a positive trend towards improved liquidity and the company's ability to meet its short-term obligations.