Clear Secure Inc (YOU)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total assets | US$ in thousands | 1,045,010 | 1,037,520 | 812,750 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,045,010K
= 0.00
The debt-to-assets ratio for Clear Secure Inc has been consistently at 0.00 for the past three years, including as of December 31, 2023, December 31, 2022, and December 31, 2021. This indicates that Clear Secure Inc has not utilized debt to finance its assets during these years. An absence of debt in relation to assets can signify a strong financial position, as the company is not burdened with interest payments or principal repayments typically associated with debt. It suggests that the company may have sufficient internal funds or equity financing to support its operations and investment activities, potentially reducing financial risk. However, it is essential to consider other financial ratios and factors in conjunction with the debt-to-assets ratio to gain a comprehensive understanding of Clear Secure Inc's overall financial health and performance.
Peer comparison
Dec 31, 2023