Clear Secure Inc (YOU)

Cash ratio

		Dec 31, 2024	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	Mar 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	66,892	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	175,730	116,226
Short-term investments	US$ in thousands	542,605	511,812	630,510	621	665,197	673,044	707,769	708,919	665,810	342,310	333,933	334,353	335,228	335,457	37,826	37,750	37,813
Total current liabilities	US$ in thousands	643,054	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	158,154	146,104
Cash ratio		0.95	0.98	1.06	0.10	1.31	1.54	1.54	1.61	1.77	1.97	2.03	2.18	2.33	3.13	1.26	1.35	1.05

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($66,892K + $542,605K) ÷ $643,054K
= 0.95

The cash ratio of Clear Secure Inc has shown some fluctuations over the period of December 31, 2020, to December 31, 2024.

The cash ratio, which measures a company's ability to cover its short-term liabilities with its cash and cash equivalents, started at 1.05 on December 31, 2020. It then increased to 3.13 on September 30, 2021, indicating a strong ability to cover short-term obligations with available cash.

However, the cash ratio declined to 1.31 on December 31, 2023, and further dropped to 0.10 on March 31, 2024. This significant decrease may suggest that Clear Secure Inc's cash position deteriorated or that its short-term liabilities increased substantially during this period.

By June 30, 2024, the cash ratio recovered slightly to 1.06 and remained around 1.06 on September 30, 2024, and 0.95 on December 31, 2024.

Overall, the trend in Clear Secure Inc's cash ratio indicates fluctuations in its ability to cover short-term obligations with cash reserves, suggesting potential liquidity challenges or alterations in its cash management practices during the analyzed period.