Clear Secure Inc (YOU)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $233,329K
= 0.00
The debt-to-equity ratio for Clear Secure Inc has been consistently at 0.00 for the past three years, including as of December 31, 2023. This indicates that the company has had no debt in relation to its equity during these periods. A debt-to-equity ratio of 0.00 typically suggests that the company is primarily financed by equity rather than debt. A low or zero debt-to-equity ratio can be viewed positively by investors and creditors as it indicates a lower level of financial risk and leverage for the company. However, it is important to consider the specific industry norms and the company's growth and capital structure strategies when interpreting this ratio.
Peer comparison
Dec 31, 2023