Under Armour Inc A (UAA)

Financial leverage ratio

		Mar 31, 2025	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	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Total assets	US$ in thousands	4,300,870	4,630,960	4,494,590	4,860,510	4,760,730	5,044,510	4,746,550	4,867,160	4,857,080	4,827,560	4,770,070	4,605,800	4,452,830	4,991,400	4,822,300	4,871,510	4,914,300	5,030,630	4,863,550	5,003,340
Total stockholders’ equity	US$ in thousands	1,890,280	1,984,720	1,985,200	1,816,570	2,153,290	2,173,020	2,089,740	2,005,410	1,998,400	1,832,000	1,816,330	1,729,080	1,728,950	2,088,990	1,977,750	1,846,710	1,770,200	1,675,990	1,470,350	1,423,410
Financial leverage ratio		2.28	2.33	2.26	2.68	2.21	2.32	2.27	2.43	2.43	2.64	2.63	2.66	2.58	2.39	2.44	2.64	2.78	3.00	3.31	3.52

March 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,300,870K ÷ $1,890,280K
= 2.28

The financial leverage ratio of Under Armour Inc A has shown a general declining trend from 3.52 as of June 30, 2020, to 2.21 as of March 31, 2024, before experiencing an increase to 2.68 as of June 30, 2024. This indicator measures the company's level of debt relative to its equity, suggesting that the company has been reducing its reliance on debt financing and is increasingly financing its operations through equity. However, the ratio increased slightly in the most recent period, indicating a potential shift back towards higher debt usage or changes in the company's capital structure. The financial leverage ratio can provide insights into a company's risk exposure and financial stability, highlighting its ability to meet debt obligations and its resilience against financial downturns.