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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Comparative Analysis: Under Armour, Inc., versus Columbia Sportswear

Refer to the 10-K. reports of Under Armour, Inc., and Columbia Sportswear that arc available for download from the companion website at CengageBrain.com.

Required:

  1. Calculate Under Armour’s and Columbia’s debt to equity ratios for 2015 and 2016. (Note: Round answers In two decimal places.)

To determine

Concept introduction:

Debt to Equity Ratio:

Debt to equity ratio is calculated to determine the leverage position of the company. It compares the total liabilities of the company with it total shareholders’ equity. The debt to equity ratio is calculated by dividing the Total Liabilities by Total Stockholder’s Equity. The formula to calculate Debt to equity ratio is as follows:

Debt to equity ratio = Total liabilitiesTotal Stockholder’s Equity

To calculate:

The long term debt to equity ratio for the year 2016 and 2015 for Under Armour Inc. and Columbia Sportswear.

Explanation

The long term debt to equity ratio for the year 2016 and 2015 for Under Armour Inc. and Columbia Sportswear are calculated as follows:

$ in Thousands Under Armour Inc. Columbia Sportswear
Year 2016 Year 2015 Year 2016

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