Clear Secure Inc (YOU)
Debt-to-assets 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 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 858,577 | 982,382 | 1,017,040 | 1,045,010 | 1,061,960 | 1,085,900 | 1,093,590 | 1,037,520 | 894,791 | 893,876 | 854,055 | 812,750 | 773,226 | 303,795 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $858,577K
= 0.00
The debt-to-assets ratio of Clear Secure Inc has consistently been 0.00 for all the periods mentioned in the table. This indicates that the company has not had any debt relative to its total assets during these periods. A debt-to-assets ratio of 0.00 suggests that Clear Secure Inc has been operating without any financial leverage and has been financing its operations primarily through equity or other non-debt sources. This may imply a low risk of financial distress due to debt obligations and potentially lower interest expenses, although it also suggests limited opportunities for leveraging financial activities. Further analysis of the company's capital structure and overall financial health would be needed to fully assess the implications of this consistent ratio.
Peer comparison
Sep 30, 2024