Under Armour Inc A (UAA)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	2,153,290	2,173,020	2,089,740	2,005,410	1,966,150	1,832,000	1,816,330	1,729,080	2,088,990	1,977,750	1,846,710	1,770,200	1,675,990	1,470,350	1,423,410	1,550,180	2,150,090	2,153,670	2,048,270	2,049,810
Debt-to-capital ratio		0.22	0.21	0.22	0.23	0.26	0.27	0.27	0.28	0.24	0.25	0.30	0.36	0.37	0.40	0.41	0.28	0.22	0.22	0.22	0.22

March 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $594,873K ÷ ($594,873K + $2,153,290K)
= 0.22

The debt-to-capital ratio of Under Armour Inc A has fluctuated over the past five years, ranging from 0.22 to 0.41. A lower debt-to-capital ratio indicates a lower level of debt relative to total capital, which can signify a stronger financial position and lower financial risk.

The trend in the debt-to-capital ratio for Under Armour Inc A shows a slight increase initially from 0.22 in Dec 31, 2019, to a peak of 0.41 in Jun 30, 2020 before decreasing steadily to 0.22 as of Mar 31, 2024. This decreasing trend may suggest a reduction in debt levels relative to total capital in recent periods.

It is important to note that analyzing the debt-to-capital ratio in conjunction with other financial metrics and factors can provide a more comprehensive understanding of Under Armour Inc A's overall financial health and leverage position. Additionally, evaluating industry benchmarks and comparing the company's ratio to its peers can offer valuable insights into its relative leverage and financial stability.