Clear Secure Inc (YOU)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,194,930 | 1,045,010 | 1,037,520 | 812,750 | 232,268 |
| Total stockholders’ equity | US$ in thousands | 198,353 | 233,329 | 291,065 | 277,613 | 82,355 |
| Financial leverage ratio | 6.02 | 4.48 | 3.56 | 2.93 | 2.82 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,194,930K ÷ $198,353K
= 6.02
The financial leverage ratio of Clear Secure Inc has shown an increasing trend over the years, indicating a rising level of debt relative to equity in the company's capital structure.
From a ratio of 2.82 on December 31, 2020, the leverage ratio has steadily climbed to 6.02 by December 31, 2024. This suggests that the company has been increasingly relying on debt financing to support its operations or growth initiatives.
A higher leverage ratio typically signifies higher financial risk, as the company may have higher interest expenses and debt obligations to meet. Clear Secure Inc's rising leverage ratio may raise concerns about its ability to manage its debt levels effectively and potentially lead to higher financial strain in the future.
It is important for investors and stakeholders to closely monitor Clear Secure Inc's leverage ratio and assess the company's overall financial health and risk profile in relation to its debt management strategies.
Peer comparison
Dec 31, 2024