Under Armour (UA) Balance Sheet: Assets & Liabilities

Under Armour (UA) Balance Sheet

As of Mar 31, 2026 (end of fiscal 2026), Under Armour reported total assets of $4.42B and total liabilities of $3.00B. Shareholders' equity was $1.41B, down 25.2% from $1.89B a year earlier. Total debt stood at $1.19B against $309.17M in cash and short-term investments, a net debt position of $881.28M. That puts debt-to-equity at 0.84, compared with 0.38 a year earlier.

Under Armour Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Under Armour, Inc. (UA) - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2016
Current Assets
Cash and Cash Equivalents	0.31	0.50	0.86	0.71	1.01	1.67	0.79	0.56	0.31	0.25
Cash & Short-Term Investments	0.31	0.50	0.86	0.71	1.01	1.67	0.79	0.56	0.31	0.25
Accounts Receivable	0.68	0.68	0.76	0.76	0.70	0.57	0.71	0.65	0.61	0.62
Inventory	0.91	0.95	0.96	1.19	0.82	0.81	0.89	1.02	1.16	0.92
Other Current Assets	0.21	0.21	0.29	0.29	0.30	0.29	0.31	0.36	0.26	0.17
Total Current Assets	2.72	2.33	2.86	2.95	2.83	3.34	2.70	2.59	2.34	1.97
Non-Current Assets
Property, Plant & Equipment (Net)	1.03	1.03	1.10	1.13	1.02	1.06	1.38	0.83	0.89	0.80
Goodwill	0.49	0.49	0.48	0.48	0.49	0.50	0.55	0.55	0.56	0.56
Intangible Assets	0.00	0.01	0.01	0.01	0.01	0.01	0.04	0.04	0.05	0.06
Other Non-Current Assets	0.12	0.16	0.09	0.07	0.08	0.09	0.09	0.12	0.10	0.11
Total Non-Current Assets	1.70	1.97	1.90	1.88	1.62	1.81	2.14	1.65	1.67	1.68
Total Assets	4.42	4.30	4.76	4.83	4.45	4.99	4.84	4.25	4.01	3.64
Current Liabilities
Accounts Payable	0.42	0.43	0.48	0.65	0.56	0.61	0.62	0.56	0.56	0.41
Short-Term Debt	0.60	0.13	0.08	0.14	-	0.16	0.13	0.03	0.15	0.03
Current Portion of Long-Term Debt	0.60	-	0.08	-	-	-	-	-	-	-
Accrued Liabilities	0.19	0.21	0.18	0.37	0.32	0.46	0.38	-	-	-
Deferred Revenue	0.00	0.03	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	0.07	0.06	0.05	0.57	0.13	0.24	0.68	0.73	0.35	0.25
Total Current Liabilities	1.68	1.11	1.17	1.36	1.30	1.45	1.42	1.32	1.06	0.69
Non-Current Liabilities
Long-Term Debt	0.59	0.60	0.59	1.38	0.67	0.66	1.17	0.70	0.77	0.79
Other Non-Current Liabilities	0.14	0.13	0.22	0.12	0.08	0.09	0.10	0.21	0.16	0.14
Total Non-Current Liabilities	1.32	1.30	1.44	1.50	1.43	1.45	1.27	0.91	0.93	0.93
Total Liabilities	3.00	2.41	2.61	2.86	2.72	2.90	2.69	2.23	1.99	1.61
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	0.22	0.75	1.05	0.90	0.72	1.03	1.23	1.14	1.18	1.26
Accumulated Other Comprehensive Income	-0.08	-0.09	-0.08	-0.07	-0.04	-0.05	-0.05	-0.04	-0.04	-0.05
Additional Paid-in Capital	1.28	1.24	1.18	1.14	1.05	1.06	0.97	0.92	0.87	0.82
Shares Outstanding	0.43	0.43	0.44	0.44	0.46	-	-	-	-	-
Total Stockholders' Equity	1.41	1.89	2.15	1.97	1.73	2.09	2.15	2.02	2.02	2.03
Total Liabilities & Equity	4.42	4.30	4.76	4.83	4.45	5.03	4.84	4.25	4.01	3.64

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Under Armour Balance Sheet

How much debt does Under Armour have?

Under Armour had total debt of $1.19B as of Mar 31, 2026, against $309.17M in cash and short-term investments. Its debt-to-equity ratio was 0.84. Total debt was $725.17M a year earlier.

What are Under Armour's total assets?

Under Armour reported total assets of $4.42B as of Mar 31, 2026, up 2.7% from $4.30B a year earlier. Total liabilities were $3.00B.

What is Under Armour's shareholders' equity?

Under Armour's shareholders' equity was $1.41B as of Mar 31, 2026, or about $3.32 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition