Under Armour Inc A (UAA)

Debt-to-equity 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-equity ratio		0.28	0.27	0.28	0.30	0.34	0.37	0.37	0.39	0.32	0.34	0.44	0.57	0.60	0.68	0.69	0.38	0.28	0.27	0.29	0.29

March 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $594,873K ÷ $2,153,290K
= 0.28

The debt-to-equity ratio of Under Armour Inc A has shown fluctuations over the past few quarters, ranging from 0.27 to 0.69. The ratio indicates the proportion of debt used to finance the company's assets relative to shareholders' equity. A lower ratio suggests a lower reliance on debt financing, which can be considered less risky, while a higher ratio indicates higher financial leverage.

In the most recent quarter ending March 31, 2024, the debt-to-equity ratio was 0.28, which is lower compared to the previous quarter. This suggests that the company has used a relatively lower amount of debt to finance its operations compared to equity. However, it is important to monitor trends over time to assess the company's long-term financial health and risk profile.

The trend in the debt-to-equity ratio over the past few quarters shows fluctuations but has generally been within a moderate range. The increase in the ratio in some quarters, such as in March 2021 and December 2021, may indicate a higher reliance on debt financing during those periods. Conversely, the decrease in the ratio in the most recent quarters suggests a more conservative approach to leverage.

Overall, a comprehensive analysis of Under Armour Inc A's debt-to-equity ratio indicates a mix of debt and equity financing strategies. It is important for investors and stakeholders to continue monitoring the ratio in conjunction with other financial metrics to assess the company's overall financial stability and risk management practices.