Clear Secure Inc (YOU)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	662,218	770,034	741,600	653,078	171,636
Total current liabilities	US$ in thousands	643,054	552,049	397,473	264,591	146,104
Current ratio		1.03	1.39	1.87	2.47	1.17

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $662,218K ÷ $643,054K
= 1.03

Clear Secure Inc's current ratio has shown fluctuations in recent years. The ratio was 1.17 as of December 31, 2020, indicating that the company may have had difficulty meeting its short-term obligations with its current assets. However, there was a significant improvement in the ratio to 2.47 on December 31, 2021, suggesting the company had a healthier liquidity position and was better able to cover its short-term liabilities.

Subsequently, the ratio decreased to 1.87 by December 31, 2022, still above the industry average but showing a slight decline in ability to cover short-term obligations. By December 31, 2023, the current ratio fell further to 1.39, indicating potentially increased risk in meeting short-term liabilities with current assets.

As of December 31, 2024, Clear Secure Inc's current ratio decreased even more to 1.03, signaling a potential concern regarding the company's short-term liquidity. This declining trend in the current ratio raises questions about the company's ability to efficiently manage its short-term financial obligations. Further analysis of the components of current assets and liabilities would be necessary to fully understand the reasons behind these fluctuations and to assess the company's overall financial health.