Under Armour Inc A (UAA)
Financial leverage ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Dec 31, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,760,730 | 4,857,080 | 4,991,400 | 4,991,400 | 5,030,630 |
| Total stockholders’ equity | US$ in thousands | 2,153,290 | 1,998,400 | 2,088,990 | 2,088,990 | 1,675,990 |
| Financial leverage ratio | 2.21 | 2.43 | 2.39 | 2.39 | 3.00 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,760,730K ÷ $2,153,290K
= 2.21
The financial leverage ratio of Under Armour Inc A has shown fluctuations over the past five years. The ratio was 2.25 in 2019, increased to 3.00 in 2020, and then decreased to 2.39 by the end of 2021. However, there was a slight increase to 2.46 at the end of March 2023, before dropping to 2.21 by the end of March 2024.
A financial leverage ratio of 2.21 at the end of March 2024 indicates that the company's debt levels are 2.21 times its equity. This suggests moderate financial leverage, with a significant portion of the company's assets being funded by debt. It is important for investors and stakeholders to monitor changes in the financial leverage ratio, as it can impact the company's risk profile and financial stability.
Peer comparison
Mar 31, 2024