Under Armour Inc A (UAA)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,153,290 | 1,998,400 | 2,088,990 | 2,088,990 | 1,675,990 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.24 | 0.00 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,153,290K)
= 0.00
The debt-to-capital ratio of Under Armour Inc A has shown fluctuations over the past five years. The ratio decreased from 0.37 at the end of December 2020 to 0.22 in both March 2024 and December 2019. This decrease indicates that the company had a lower level of debt relative to its capital structure in those periods.
In between, there were variations in the ratio, with the highest being 0.26 at the end of March 2023 and the lowest at 0.24 at the end of December 2021. These fluctuations suggest potential changes in the company's debt and capital levels during those specific periods.
Overall, the decreasing trend in the debt-to-capital ratio from December 2020 to March 2024 and the stability observed in comparison to December 2019 indicate that Under Armour Inc A has been managing its debt and capital structure effectively over the years, potentially improving its financial stability and risk profile.
Peer comparison
Mar 31, 2024