Clear Secure Inc (YOU)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total stockholders’ equity | US$ in thousands | 233,329 | 291,065 | 277,613 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $233,329K)
= 0.00
The debt-to-capital ratio for Clear Secure Inc for the years 2021, 2022, and 2023 has been consistently 0.00. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure, meaning that all of its capital comes from equity. This suggests that Clear Secure Inc relies entirely on equity financing to fund its operations and investments, which can be considered a positive indicator of financial strength and stability. However, it is important to note that having no debt in the capital structure may also mean that the company is missing out on potential tax benefits and leverage opportunities that debt financing can provide. Overall, Clear Secure Inc's consistent 0.00 debt-to-capital ratio signifies a conservative approach to financing and a strong financial position.
Peer comparison
Dec 31, 2023