Under Armour (Class C)
1.79 %
-15.43 %
Yet to be announced
Company Overview
Under Armour is a global leader in performance apparel, footwear, and accessories. The company develops, markets, and distributes branded athletic performance products. Their product range includes running shoes, training apparel, and various sports equipment designed for athletes at all levels.
Revenue Sources
PassBased on Under Armour's financial statements and business activities, their revenue primarily comes from the sale of athletic apparel, footwear, and accessories. These core business activities are halal as they involve the exchange of tangible goods that provide value to customers. There is no evidence of significant revenue from prohibited sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Dec. 31, 2024 | $1.4b | $1.39b | - | - | 0.00% | 0.00% |
| Sept. 30, 2024 | $1.4b | $1.23b | - | - | 0.00% | 0.00% |
| June 30, 2024 | $1.18b | $1.48b | - | - | 0.00% | 0.00% |
| March 31, 2024 | $1.33b | $1.34b | - | - | 0.00% | 0.00% |
Looking at the last four quarters of financial data, interest expense has been minimal or non-existent for most periods, with only $211,000 reported in Q4 2023. When compared to total expenses across all quarters, the interest expense ratio is well below the 5% threshold that would indicate material reliance on interest.
Operational Ethics
PassAfter reviewing Under Armour's public disclosures and operations, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company maintains standard global operations but has not shown material ties to the state of Israel or the Chinese Communist Party that would raise concerns.
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