Under Armour Inc A (UAA)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Dec 31, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 662,531 | — |
| Total assets | US$ in thousands | 4,760,730 | 4,857,080 | 4,991,400 | 4,991,400 | 5,030,630 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,760,730K
= 0.00
The debt-to-assets ratio of Under Armour Inc A has shown some fluctuations over the past five years. As of March 31, 2024, the company's debt-to-assets ratio stands at 0.12, indicating that 12% of its assets are financed by debt. This suggests a relatively conservative level of leverage, reflecting a lower level of financial risk associated with debt obligations.
Comparing this to the ratios from previous years, we can see that the company's debt-to-assets ratio was slightly higher in March 31, 2023, at 0.14, and in December 31, 2021, at 0.13. However, it was significantly higher at 0.20 in December 31, 2020. The ratio then decreased back to the current level by December 31, 2019.
Overall, the trend in the debt-to-assets ratio shows some variability but remains at a relatively moderate level, indicating a balanced approach to financing its assets. This level of debt utilization suggests that Under Armour Inc A has been effectively managing its debt levels to support its asset base while maintaining a prudent level of financial risk.
Peer comparison
Mar 31, 2024