Under Armour Inc A (UAA)

Debt-to-assets 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
Long-term debt US$ in thousands 595,188 594,592 595,384 594,873 595,124 594,655 594,107 674,478 673,930 673,382 672,834 662,531 662,903 804,621 1,009,950 1,003,560 997,347 987,949 593,281 592,687
Total assets US$ in thousands 4,630,960 4,494,590 4,860,510 4,760,730 5,044,510 4,746,550 4,867,160 4,827,550 4,827,560 4,770,070 4,605,800 4,991,400 4,822,300 4,871,510 4,914,300 5,030,630 4,863,550 5,003,340 4,837,580 4,843,530
Debt-to-assets ratio 0.13 0.13 0.12 0.12 0.12 0.13 0.12 0.14 0.14 0.14 0.15 0.13 0.14 0.17 0.21 0.20 0.21 0.20 0.12 0.12

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $595,188K ÷ $4,630,960K
= 0.13

The debt-to-assets ratio of Under Armour Inc A has shown relative stability over the period from December 31, 2019, to December 31, 2024. The ratio ranged from 0.12 to 0.21 during this period, indicating that a significant portion of the company's assets were funded by debt.

From December 31, 2019, to September 30, 2021, the ratio gradually increased from 0.12 to 0.21, suggesting an increasing reliance on debt to finance the company's assets. However, from June 30, 2021, to September 30, 2024, the ratio decreased to a range of 0.12 to 0.14, indicating a reduction in debt relative to total assets.

Overall, the decreasing trend in the debt-to-assets ratio in the latter half of the period could indicate a strategic effort by Under Armour Inc A to manage its debt levels more effectively and improve its financial stability. However, it is essential to continue monitoring this ratio to assess the company's ongoing ability to manage its debt obligations and maintain a healthy balance sheet.