Under Armour (WBO:UAA) Debt-to-EBITDA : 3.51 (As of Dec. 2023)

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What is Under Armour Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Under Armour's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €206 Mil. Under Armour's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,146 Mil. Under Armour's annualized EBITDA for the quarter that ended in Dec. 2023 was €385 Mil. Under Armour's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 3.51.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

WBO:UAA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.68 Med: 3.07 Max: 13.1
Current: 3.82

During the past 13 years, the highest Debt-to-EBITDA Ratio of Under Armour was 13.10. The lowest was 0.68. And the median was 3.07.

WBO:UAA's Debt-to-EBITDA is ranked worse than
59.4% of 798 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.84 vs WBO:UAA: 3.82

Under Armour Debt-to-EBITDA Historical Data

The historical data trend for Under Armour's Debt-to-EBITDA 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 Debt-to-EBITDA Chart

Under Armour Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Mar22

Mar23

Debt-to-EBITDA

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3.07

13.10

2.25

N/A

3.61

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-EBITDA	Get a 7-Day Free Trial															2.15	8.86	6.53	2.04	3.51

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

For the Apparel Manufacturing subindustry, Under Armour's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Under Armour Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(131.685	+	1289.098)	/	393.617
	=	3.61

Under Armour's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(205.723	+	1145.645)	/	385.244
	=	3.51

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Under Armour (WBO:UAA) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Under Armour Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Under Armour's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Under Armour (WBO:UAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Under Armour Inc (WBO:UAA) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

UA:USA UAA:USA UAA:Mexico 1UAA:Italy U9R:Germany U1AI34:Brazil

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.