Under Armour Inc A (UAA)

Financial leverage 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
Total assets	US$ in thousands	4,630,960	4,494,590	4,860,510	4,760,730	5,044,510	4,746,550	4,867,160	4,827,550	4,827,560	4,770,070	4,605,800	4,991,400	4,822,300	4,871,510	4,914,300	5,030,630	4,863,550	5,003,340	4,837,580	4,843,530
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
Financial leverage ratio		2.33	2.26	2.68	2.21	2.36	2.31	2.46	2.46	2.64	2.63	2.66	2.39	2.44	2.64	2.78	3.00	3.31	3.52	3.12	2.25

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,630,960K ÷ $1,984,720K
= 2.33

The financial leverage ratio of Under Armour Inc A has shown fluctuations over the period from December 31, 2019, to December 31, 2024. The ratio peaked at 3.52 on June 30, 2020, indicating higher financial leverage, which could suggest a higher level of debt financing relative to equity. Subsequently, the ratio decreased to 2.21 on March 31, 2024, before rising again to 2.68 on June 30, 2024.

Overall, the financial leverage ratio gradually decreased from 3.52 in June 2020 to 2.33 in December 31, 2024. This downward trend may indicate a reduction in the company's reliance on debt financing or an increase in equity. However, it is essential to consider the reasons behind these changes and assess the potential impacts on the company's financial stability and risk profile.