Under Armour Inc A (UAA)
Quick ratio
| 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 | US$ in thousands | 726,877 | 530,701 | 884,552 | 858,691 | 1,039,110 | 654,885 | 702,610 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | 981 | 981 | 981 | 981 | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 569,014 | 735,779 | 639,176 | 696,287 | 527,340 | 806,916 | 568,430 | 668,409 | 708,714 |
| 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 | 1,359,280 | 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 |
| 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($726,877K
+ $—K
+ $615,467K)
÷ $1,341,020K
= 1.00
The quick ratio of Under Armour Inc A has fluctuated over the period, ranging from a low of 0.91 on June 30, 2024, to a high of 1.66 on March 31, 2021. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities.
The company experienced a significant improvement in its quick ratio from December 31, 2020, to March 31, 2021, suggesting an increase in its ability to meet short-term obligations without relying heavily on inventory. However, the quick ratio dropped below 1 on several occasions, particularly on June 30, 2024, indicating potential liquidity challenges.
Overall, the trend in the quick ratio of Under Armour Inc A demonstrates variability in its short-term liquidity position, requiring further evaluation of its asset composition and management of working capital to ensure sustained financial stability.
Peer comparison
Dec 31, 2024