Under Armour Inc A (UAA)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | — | 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 |
Based on the provided data, Under Armour Inc A consistently maintains a strong solvency position as indicated by its solvency ratios. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all remained at 0.00 or near 0.00 throughout the reported periods up to March 31, 2025. These low ratios suggest that the company's level of debt in relation to its assets, capital, and equity is very low, indicating a low financial risk and a healthy balance sheet.
Furthermore, the financial leverage ratio, which measures the company's ability to meet its financial obligations through debt financing, has been relatively stable over the reporting periods. The ratio shows a decreasing trend from 3.52 in June 30, 2020, to 2.21 in March 31, 2024, suggesting that Under Armour Inc A has been effectively managing its leverage and reducing its reliance on debt to finance its operations.
Overall, the solvency ratios demonstrate that Under Armour Inc A has maintained a conservative approach to managing its debt levels, which has contributed to a strong financial position and a lower risk of insolvency.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -47.31 | -39.65 | -25.44 | -19.75 | 87.86 | 74.37 | 56.34 | 31.99 | 22.13 | 18.23 | 20.98 | 19.43 | 17.71 | 14.95 | 14.02 | 11.24 | 6.22 | 2.50 | -2.60 | -3.00 |
The interest coverage ratio for Under Armour Inc A has shown significant fluctuations over the period from June 30, 2020, to March 31, 2025. Initially, the company had negative interest coverage, indicating that its operating income was not sufficient to cover its interest expenses.
However, starting from December 31, 2020, the interest coverage turned positive, indicating that the company's operating income exceeded its interest expenses. The ratio showed a steady upward trend, reaching its peak at 87.86 on March 31, 2024, implying a strong ability to cover interest obligations.
Subsequently, there was a sharp decline in the interest coverage ratio, turning negative again by June 30, 2024, and further deteriorating in the following quarters. This negative trend suggests a potential strain on the company's earnings relative to its interest payments, signaling a concerning financial position in terms of debt obligations.
Overall, while the company initially struggled to cover its interest expenses, it managed to significantly improve its interest coverage over time before facing a sudden downturn. The recent negative trend in the interest coverage ratio raises concerns about Under Armour Inc A's financial health and ability to meet its interest obligations in the near future.