Clear Secure Inc (YOU)

Cash ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021
Cash and cash equivalents	US$ in thousands	32,885	39,108	64,134	57,900	63,522	57,248	39,089	38,939	329,077	339,736	299,134	280,107	337,791	168,302
Short-term investments	US$ in thousands	511,812	1,124	621	665,197	673,044	707,769	708,919	665,810	342,310	333,933	334,353	335,228	335,457	37,826
Total current liabilities	US$ in thousands	557,685	633,300	624,777	552,049	478,272	496,766	464,598	397,473	340,584	331,980	290,405	264,591	214,817	163,381
Cash ratio		0.98	0.06	0.10	1.31	1.54	1.54	1.61	1.77	1.97	2.03	2.18	2.33	3.13	1.26

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($32,885K + $511,812K) ÷ $557,685K
= 0.98

The cash ratio of Clear Secure Inc has exhibited fluctuations over the past few quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. In the most recent quarter ending September 30, 2024, the cash ratio stood at 0.98, indicating that the company had almost enough cash to cover its current liabilities.

The cash ratio experienced a significant increase from the previous quarter, where it was only 0.06. This sharp rise may suggest an improvement in the company's liquidity position. However, it is essential to note that the cash ratio was at its highest level in the quarter ending September 30, 2021, at 3.13, which could be an anomaly or a specific event impacting the company's cash position during that period.

Overall, the trends in Clear Secure Inc's cash ratio indicate varying levels of liquidity over the quarters, with the most recent quarter showing a notable improvement compared to the previous quarter. It is crucial for investors and stakeholders to monitor this ratio alongside other liquidity metrics to assess the company's financial health and ability to meet its short-term obligations.