Under Armour Inc A (UAA)

Quick ratio

Mar 31, 2025 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 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020
Cash US$ in thousands 726,877 530,701 884,552 858,691 1,040,090 655,866 703,591 711,910 849,546 853,652 1,049,410 1,009,140 1,669,450 1,253,710 1,349,790 1,348,740 1,517,360 865,609 1,079,410
Short-term investments US$ in thousands
Receivables US$ in thousands 615,467 723,042 684,695 757,339 691,546 805,197 695,455 759,860 700,544 789,087 693,636 702,197 569,014 735,779 639,176 696,287 527,340 806,916 568,430
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 1,356,890 1,502,130 1,473,260 1,458,680 1,298,600 1,450,180 1,354,540 1,361,960 1,234,320 1,413,280 1,448,400 1,618,610
Quick ratio 1.00 1.06 0.91 1.39 1.18 1.14 0.96 1.08 1.03 1.12 1.19 1.32 1.54 1.47 1.46 1.66 1.45 1.15 1.02

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K + $—K + $—K) ÷ $—K
= —

The quick ratio of Under Armour Inc A has fluctuated over the years, indicating changes in the company's liquidity position. Starting from 1.02 on June 30, 2020, the quick ratio improved steadily, reaching its peak at 1.66 on March 31, 2021. This indicated a strong ability to meet short-term liabilities using its most liquid assets.

However, the quick ratio declined thereafter, dropping to 0.96 by June 30, 2023. This lower ratio could suggest potential challenges in meeting short-term obligations with readily available assets during that period.

Following this decline, the quick ratio showed some improvement by reaching 1.39 on March 31, 2024, indicating a better liquidity position. Yet, the ratio fell again to 0.91 by June 30, 2024, signaling a potential need for better management of short-term liquidity.

Overall, the trend in the quick ratio of Under Armour Inc A highlights fluctuations in the company's ability to cover its short-term liabilities with its current assets. Investors and analysts should continue to monitor these trends to assess the company's liquidity risk and financial stability.