Clear Secure Inc (YOU)

Financial leverage 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
Total assets	US$ in thousands	1,194,930	858,577	982,382	1,017,040	1,045,010	1,061,960	1,085,900	1,093,590	1,037,520	894,791	893,876	854,055	812,750	773,226	303,795	301,502	232,268
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
Financial leverage ratio		6.02	6.66	6.40	6.13	4.48	3.85	4.07	3.68	3.56	3.07	3.08	3.05	2.93	2.70	4.85	2.16	2.82

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,194,930K ÷ $198,353K
= 6.02

Clear Secure Inc's financial leverage ratio has shown fluctuations over the period from December 31, 2020, to December 31, 2024. The ratio started at 2.82 on December 31, 2020, decreased to 2.16 by March 31, 2021, and then increased significantly to 4.85 by June 30, 2021.

Subsequently, there was a decrease to 2.70 by September 30, 2021, followed by fluctuations ranging between 2.70 and 4.48 until December 31, 2023. The financial leverage ratio increased notably to 6.13 by March 31, 2024, and continued to rise to 6.66 by September 30, 2024. However, by December 31, 2024, the financial leverage ratio decreased to 6.02.

Overall, Clear Secure Inc's financial leverage ratio has shown significant variability over the period analyzed, indicating fluctuations in the company's financial structure and level of debt relative to equity. This variability may suggest changes in the company's financing decisions and capital structure, which could impact its financial risk and stability. Further analysis of the reasons behind these fluctuations would be necessary to assess the implications for the company's financial health and sustainability.