Clear Secure Inc (YOU)
Current 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 595,737 | 713,766 | 743,635 | 770,034 | 781,043 | 806,545 | 784,599 | 741,600 | 706,484 | 702,585 | 668,345 |
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 |
Current ratio | 1.07 | 1.13 | 1.19 | 1.39 | 1.63 | 1.62 | 1.69 | 1.87 | 2.07 | 2.12 | 2.30 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $595,737K ÷ $557,685K
= 1.07
Clear Secure Inc's current ratio has shown a declining trend over the past few quarters, indicating a potential deterioration in the company's short-term liquidity position. As of September 30, 2024, the current ratio stands at 1.07, which means that the company may face difficulties in meeting its short-term obligations with its current assets alone.
The current ratio peaked at 3.26 in September 2021, suggesting a strong liquidity position at that time. However, since then, the ratio has steadily decreased, implying that Clear Secure Inc may be experiencing challenges in managing its current liabilities in relation to its current assets.
It is essential for the company to closely monitor and manage its current assets and liabilities to ensure that it can fulfill its short-term financial obligations effectively. Further analysis of individual components contributing to the current ratio, such as cash, accounts receivable, and current liabilities, would provide deeper insights into Clear Secure Inc's liquidity management.
Peer comparison
Sep 30, 2024