UA (Under Armour) Interest Expense : $-2 Mil (TTM As of Sep. 2024)

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What is Under Armour Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Under Armour's interest expense for the three months ended in Sep. 2024 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-2 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Under Armour's Operating Income for the three months ended in Sep. 2024 was $ 176 Mil. Under Armour's Interest Expense for the three months ended in Sep. 2024 was $ -2 Mil. Under Armour's Interest Coverage for the quarter that ended in Sep. 2024 was 100.91. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Under Armour Interest Expense Historical Data

The historical data trend for Under Armour's Interest Expense 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.

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Under Armour Interest Expense Chart

Under Armour Annual Data

Trend

Dec15

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Dec17

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Dec20

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Mar22

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Mar24

Interest Expense

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-47.26

-44.30

-12.83

Under Armour Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.37	-0.21	-	-	-1.75

Under Armour Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2 Mil.

Under Armour (NYSE:UA) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Under Armour's Interest Expense for the three months ended in Sep. 2024 was $-2 Mil. Its Operating Income for the three months ended in Sep. 2024 was $176 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1,196 Mil.

Under Armour's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	176.292	/	-1.747
	=	100.91

The higher the ratio, the stronger the company's financial strength is.

Under Armour Business Description

Industry

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

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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.