Clear Secure Inc (YOU)

Quick 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	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
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Quick 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

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

Clear Secure Inc's quick ratio fluctuated over the period from December 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.

The quick ratio was above 1 for most of the period, indicating that the company had an adequate level of liquid assets to cover its short-term liabilities. A quick ratio above 1 is generally considered healthy as it suggests the company can easily meet its current obligations.

The quick ratio peaked at 3.13 on September 30, 2021, indicating a significant increase in the company's ability to cover its short-term liabilities with its liquid assets. However, it gradually decreased thereafter, reaching 0.10 on March 31, 2024, which may indicate a potential liquidity issue or a decrease in the availability of liquid assets to cover short-term obligations.

It is important to analyze the reasons behind the fluctuations in the quick ratio to understand the company's liquidity position better and assess its ability to meet its short-term obligations in the future.