Under Armour (BSP:U1AI34) Cash-to-Debt : 0.40 (As of Sep. 2024)

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What is Under Armour Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Under Armour's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.40.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Under Armour couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Under Armour's Cash-to-Debt or its related term are showing as below:

BSP:U1AI34' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.43 Max: 2.09
Current: 0.4

During the past 13 years, Under Armour's highest Cash to Debt Ratio was 2.09. The lowest was 0.12. And the median was 0.43.

BSP:U1AI34's Cash-to-Debt is ranked worse than
53.12% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.46 vs BSP:U1AI34: 0.40

Under Armour Cash-to-Debt Historical Data

The historical data trend for Under Armour's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Under Armour Cash-to-Debt Chart

Under Armour Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.76

1.11

0.68

0.47

0.60

Under Armour Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.45	0.71	0.60	0.66	0.40

Competitive Comparison of Under Armour's Cash-to-Debt

For the Apparel Manufacturing subindustry, Under Armour's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Under Armour's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Under Armour's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Under Armour's Cash-to-Debt falls into.

Under Armour Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Under Armour's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4276.109	/	(1096.801	+	6087.995)
	=	0.60

Under Armour's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2938.916	/	(751.43	+	6623.702)
	=	0.40

Under Armour (BSP:U1AI34) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Under Armour Cash-to-Debt Related Terms

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Under Armour Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Under Armour Inc (BSP:U1AI34) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

UA:USA UAA:USA UAA:Mexico 1UAA:Italy 0LIK:UK 0R2I:UK U9RA:Germany U9R:Germany U9RA:Germany U9R:Germany UAC:Austria UAA:Austria

Address

1020 Hull Street, Baltimore, MD, USA, 21230

Website

https://www.underarmour.com

Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and elsewhere. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through direct-to-consumer, including e-commerce and more than 400 combined factory house and brand house stores, and wholesale channels. Under Armour also operates a digital fitness app called MapMyFitness. The Baltimore-based company was founded in 1996 and is led by controlling shareholder Kevin Plank.

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