Under Armour Inc A (UAA)

Solvency ratios

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
Debt-to-assets ratio 0.13 0.13 0.12 0.12 0.12 0.13 0.12 0.14 0.14 0.14 0.15 0.13 0.14 0.17 0.21 0.20 0.21 0.20 0.12 0.12
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
Debt-to-equity ratio 0.30 0.30 0.33 0.28 0.28 0.29 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
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

The solvency ratios of Under Armour Inc A indicate the company's ability to meet its long-term financial obligations.

1. Debt-to-assets ratio: This ratio measures the proportion of the company's assets that are financed by debt. The trend shows a relatively stable ratio over the years, ranging between 0.12 and 0.21, indicating that the company is financing a small portion of its assets through debt.

2. Debt-to-capital ratio: This ratio shows the proportion of the company's capital that is funded by debt. The ratio fluctuates between 0.22 and 0.41, with a decreasing trend over the years from 2019 to 2024. This indicates that the company is relying less on debt to finance its operations.

3. Debt-to-equity ratio: This ratio reflects the company's leverage and its reliance on debt versus equity for financing. The ratio ranges between 0.28 and 0.69, showing a decreasing trend over the years. This suggests that the company has been reducing its reliance on debt in relation to equity.

4. Financial leverage ratio: This ratio indicates the level of financial leverage the company is operating with. The ratio ranges from 2.21 to 3.52, showing some fluctuations but generally decreasing over the years. A decreasing trend in this ratio implies a lower financial risk for the company.

Overall, the solvency ratios of Under Armour Inc A demonstrate a consistent effort to maintain a relatively low level of debt and leverage, which is a positive indicator of the company's financial stability and ability to meet its long-term obligations.

Coverage ratios

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
Interest coverage -3.89 -2.07 -3.07 9.88 17.63 28.95 24.04 25.24 73.00 54.21 34.02 28.79 15.07 10.79 2.30 -35.52 -54.24 -85.90 -83.84 55.66

The interest coverage ratio of Under Armour Inc A has exhibited significant fluctuations over the observed periods. Initially, from December 31, 2019, to June 30, 2020, the company faced challenges as the interest coverage ratios were negative, indicating that the company's operating income was insufficient to cover its interest expenses.

However, starting from March 31, 2021, the interest coverage ratio improved, moving into positive territory. This positive trend continued through the subsequent quarters, with fluctuations but generally increasing values. The ratios improved from 2.30 on March 31, 2021, to 73.00 on December 31, 2022, showcasing a strong capability to meet its interest obligations.

Despite this improvement, there was a slight decline in the interest coverage ratio in the last quarters of the data set, with ratios dropping into negative territory again by June 30, 2024. This indicates that the company's ability to cover its interest expenses deteriorated during this period.

Overall, the historical trend of the interest coverage ratio for Under Armour Inc A suggests a substantial recovery from financial stress initially experienced, followed by a period of stability and then a slight decline. This implies that the company was able to manage its interest expenses effectively for a certain period but encountered challenges more recently.