Clear Secure Inc (YOU)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 66,892 | 57,900 | 38,939 | 280,107 | 116,226 |
| Short-term investments | US$ in thousands | 542,605 | 665,197 | 665,810 | 335,228 | 37,813 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 643,054 | 552,049 | 397,473 | 264,591 | 146,104 |
| Quick ratio | 0.95 | 1.31 | 1.77 | 2.33 | 1.05 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($66,892K
+ $542,605K
+ $—K)
÷ $643,054K
= 0.95
The quick ratio of Clear Secure Inc has shown some fluctuations over the past five years. As of December 31, 2020, the quick ratio was 1.05, indicating that the company had just enough liquid assets to cover its current liabilities. The quick ratio improved significantly to 2.33 by December 31, 2021, suggesting an increase in the company's ability to meet its short-term obligations with its quick assets.
However, by the end of December 31, 2022, the quick ratio decreased to 1.77, although it still remained above 1, indicating a relatively healthy liquidity position. Subsequently, by December 31, 2023, the quick ratio declined further to 1.31, signaling a potential decrease in the company's ability to quickly cover its current liabilities.
The most recent data as of December 31, 2024, shows a quick ratio of 0.95, falling below the ideal threshold of 1. This suggests that Clear Secure Inc may be facing challenges in meeting its short-term obligations solely with its quick assets.
Overall, while the company's quick ratio has fluctuated over the years, it is essential for Clear Secure Inc to monitor and manage its liquidity effectively to ensure it can meet its short-term financial obligations in a timely manner.
Peer comparison
Dec 31, 2024