Under Armour Balance Sheet Health
Financial Health criteria checks 5/6
Under Armour has a total shareholder equity of $2.0B and total debt of $594.6M, which brings its debt-to-equity ratio to 30%. Its total assets and total liabilities are $4.5B and $2.5B respectively. Under Armour's EBIT is $209.7M making its interest coverage ratio -73.2. It has cash and short-term investments of $530.7M.
Key information
30.0%
Debt to equity ratio
US$594.59m
Debt
| Interest coverage ratio | -73.2x |
| Cash | US$530.70m |
| Equity | US$1.99b |
| Total liabilities | US$2.51b |
| Total assets | US$4.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UAC's short term assets ($2.6B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: UAC's short term assets ($2.6B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: UAC's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: UAC's debt to equity ratio has increased from 27.5% to 30% over the past 5 years.
Debt Coverage: UAC's debt is well covered by operating cash flow (21.9%).
Interest Coverage: UAC earns more interest than it pays, so coverage of interest payments is not a concern.