Clear Secure Inc (YOU)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 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 | 0.00 | 0.00 | 0.00 |
| 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 |
Clear Secure Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to assets, capital, and equity.
- The Debt-to-assets ratio has maintained a constant level of 0.00 over the analyzed periods, indicating that the company has no significant debt in relation to its total assets.
- The Debt-to-capital ratio also remains at 0.00 throughout the period, suggesting that the company's debt is negligible in comparison to its total capital.
- The Debt-to-equity ratio shows a consistent 0.00 across all periods, highlighting that Clear Secure Inc relies very little on debt financing in relation to its equity.
- The Financial leverage ratio has shown some fluctuation but generally remains within a moderate range, with the highest value of 6.66 recorded at September 30, 2024. This ratio indicates the extent to which the company is using debt to finance its operations, with lower values generally being more favorable.
Overall, based on these solvency ratios, Clear Secure Inc appears to have a solid financial standing with a conservative debt management strategy, which may reduce financial risks and enhance its ability to withstand economic uncertainties.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 13.88 | 6.39 | 3.33 | 1.17 | -0.66 | -5.50 | -10.40 | -20.61 | -71.20 | -296.79 | -421.16 | -328.34 | -220.76 | -146.97 | 158.91 | -323.72 |
Clear Secure Inc's interest coverage ratio has been highly volatile over the past few years, moving from negative values to positive territory. The interest coverage ratio indicates the company's ability to meet interest payments on its debt obligations.
From December 2020 to March 2023, the company struggled with negative interest coverage ratios, indicating that its operating income was insufficient to cover the interest payments on its debt. However, starting from December 2023, the interest coverage ratio turned positive and continued to improve, reaching a value of 1.17 as of December 31, 2023.
The positive trend in the interest coverage ratio from December 2023 to December 2024 suggests an improvement in Clear Secure Inc's ability to meet its interest obligations. It is important for investors and creditors to monitor this ratio over time to ensure that the company remains financially stable and capable of servicing its debt.