Clear Secure Inc (YOU)
Solvency ratios
| 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 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 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 |
Clear Secure Inc's solvency ratios indicate a consistently low level of debt relative to its assets, capital, and equity over the past several quarters, as evidenced by a debt-to-assets, debt-to-capital, and debt-to-equity ratio of 0.00 in each period.
However, the financial leverage ratio, which reflects the proportion of a company's assets financed by debt, has fluctuated over time. The financial leverage ratio was highest in the most recent quarter at 6.66, indicating an increase in financial leverage compared to prior quarters. This suggests that Clear Secure Inc has been increasingly relying on debt to fund its operations and investments.
Overall, while Clear Secure Inc currently shows a low level of indebtedness based on the traditional solvency ratios, the increasing financial leverage ratio could indicate a shift towards a more leveraged capital structure in recent quarters. It would be important for the company to carefully manage its debt levels to maintain a healthy balance between debt and equity financing for sustainable growth and financial stability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 409.43 | 286.19 | 186.34 | 59.40 | -293.33 | -543.73 | -357.64 | -293.33 | -323.10 | -301.23 | -461.97 |
Clear Secure Inc's interest coverage ratio has shown significant volatility in recent quarters. The ratio indicates the company's ability to cover its interest expenses with its operating income. In the most recent quarter, as of September 30, 2024, Clear Secure Inc's interest coverage ratio stands at a robust 409.43, reflecting a substantial improvement from the previous quarter.
The upward trend in interest coverage from the negative values observed in the past indicates that Clear Secure Inc has improved its ability to meet its interest obligations. However, the substantial fluctuations in the ratio suggest that the company may have experienced significant changes in its operating income and interest expenses over the analyzed periods.
Overall, Clear Secure Inc's interest coverage has shown a positive trend in the latest quarter, signaling a healthier financial position in terms of its ability to comfortably service its interest payments. It would be essential for the company to continue monitoring and managing its interest coverage ratio to ensure its long-term financial sustainability.