Under Armour (Under Armour) Debt-to-Equity

: 0.68 (As of Dec. 2023)

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Under Armour's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $224 Mil. Under Armour's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,249 Mil. Under Armour's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,173 Mil. Under Armour's debt to equity for the quarter that ended in Dec. 2023 was 0.68.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

UA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.6 Max: 1.6
Current: 0.68

During the past 13 years, the highest Debt-to-Equity Ratio of Under Armour was 1.60. The lowest was 0.14. And the median was 0.60.

UA's Debt-to-Equity is ranked worse than
63.13% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.45 vs UA: 0.68

Under Armour Debt-to-Equity Historical Data

The historical data trend for Under Armour's Debt-to-Equity 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.

* Premium members only.

Under Armour Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Mar22

Mar23

Debt-to-Equity

0.60

1.20

0.72

0.85

0.76

Under Armour Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.83	0.76	0.74	0.70	0.68

Competitive Comparison

For the Apparel Manufacturing subindustry, Under Armour's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

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

Under Armour Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Under Armour's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(140.99	+	1380.191)	/	1998.403
	=	0.76

Under Armour's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(224.344	+	1249.34)	/	2173.02
	=	0.68

Under Armour (NYSE:UA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Under Armour Debt-to-Equity Related Terms

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Under Armour (Under Armour) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Under Armour Inc (NYSE:UA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

UAA:USA UAA:Mexico 1UAA:Italy U9RA:Germany U9R:Germany U9RA:Germany U9R:Germany U1AI34:Brazil 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 other regions. 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.