Clear Secure Inc (YOU)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total assets | US$ in thousands | 1,045,010 | 1,037,520 | 812,750 |
| Total stockholders’ equity | US$ in thousands | 233,329 | 291,065 | 277,613 |
| Financial leverage ratio | 4.48 | 3.56 | 2.93 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,045,010K ÷ $233,329K
= 4.48
The financial leverage ratio of Clear Secure Inc has been increasing over the past three years, indicating a trend towards higher leverage. As of December 31, 2023, the financial leverage ratio stood at 4.48, compared to 3.56 in 2022 and 2.93 in 2021. This suggests that the company is relying more on debt to finance its operations and investments. A high financial leverage ratio can magnify returns on equity when the company is profitable, but it also increases financial risk as the company has higher debt obligations to meet. Investors and creditors should closely monitor Clear Secure Inc's ability to manage its debt levels and generate sufficient cash flows to support its leverage position.
Peer comparison
Dec 31, 2023