Under Armour Inc A (UAA)

Debt-to-assets ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	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	591,995	591,396	590,431
Total assets	US$ in thousands	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	4,633,760	4,679,910	4,436,070
Debt-to-assets ratio		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	0.13	0.13	0.13

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $594,873K ÷ $4,760,730K
= 0.12

The debt-to-assets ratio of Under Armour Inc A has shown some fluctuations over the past few quarters. The ratio has ranged from 0.12 to 0.21, with the most recent reading at 0.12 as of March 31, 2024. This indicates that for every dollar of assets, the company has 12 cents of debt.

It is worth noting that the ratio experienced a spike to 0.21 in the third quarter of 2021, reflecting a higher level of debt relative to assets at that time. However, the company managed to lower this ratio in subsequent periods.

Overall, a lower debt-to-assets ratio suggests that the company has a lower level of financial leverage and may be in a better position to meet its debt obligations. Investors and analysts typically view a lower ratio favorably as it indicates a healthier financial position in terms of debt management.