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