Clear Secure Inc (YOU)

Debt-to-capital 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
Long-term debt US$ in thousands — — — — — — — — — — — — — — — — —
Total stockholders’ equity US$ in thousands 198,353 128,970 153,536 165,866 233,329 275,904 266,931 296,774 291,065 291,668 290,190 279,638 277,613 286,284 62,641 139,681 82,355
Debt-to-capital 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 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $198,353K)
= 0.00

Clear Secure Inc has consistently maintained a debt-to-capital ratio of 0.00% from December 31, 2020, to December 31, 2024, based on the provided data. This indicates that the company has utilized only equity financing to fund its operations and investments during this period, without resorting to debt. A debt-to-capital ratio of 0.00% signifies a conservative capital structure, where the company's capital is entirely sourced from equity.

From an analysis perspective, a consistently low debt-to-capital ratio may indicate that Clear Secure Inc has been able to operate without the need for external debt financing, which can be viewed positively as it reduces the company's financial risk and interest expenses. Additionally, this may suggest that the company has strong internal cash generation capabilities or access to other forms of financing to support its growth and investment initiatives.

However, it is important to note that a very low debt-to-capital ratio may also indicate limited leverage, which could potentially restrict the company's ability to take advantage of growth opportunities that may require additional funding. Overall, the stability of Clear Secure Inc's debt-to-capital ratio at 0.00% over the years provides insight into the company's conservative financial approach and its reliance on equity for capital needs.