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 | 501,361 | 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 | 675,822 | 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 | 1,109,140 | 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 | 1.06 | 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
= ($501,361K
+ $—K
+ $675,822K)
÷ $1,109,140K
= 1.06
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.
Peer comparison
Mar 31, 2025