Under Armour Inc A (UAA)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,984,720 1,985,200 1,816,570 2,153,290 2,133,930 2,054,040 1,974,620 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
Debt-to-capital ratio 0.23 0.23 0.25 0.22 0.22 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

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $595,188K ÷ ($595,188K + $1,984,720K)
= 0.23

The debt-to-capital ratio of Under Armour Inc A has shown some fluctuations over the years, ranging from 0.22 to 0.41. From December 31, 2019, to December 31, 2024, the ratio generally decreased initially but then stabilized around 0.22 to 0.28. This indicates that the company has been managing its debt levels relative to its total capital in a relatively stable manner. A lower debt-to-capital ratio is typically considered favorable as it suggests lower financial risk and greater financial stability. Overall, the trend in Under Armour's debt-to-capital ratio suggests a reasonable balance between debt and equity in its capital structure.