Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Clear Secure's cash to debt ratio for the quarter that ended in Mar. 2022 was 22.39.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Clear Secure could pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.
The historical rank and industry rank for Clear Secure's Cash-to-Debt or its related term are showing as below:
YOU'
s Cash-to-Debt Range Over the Past 10 Years
Min: 22.39 Med: No Debt Max: No Debt
Current: 22.39
During the past 3 years, Clear Secure's highest Cash to Debt Ratio was No Debt. The lowest was 22.39. And the median was No Debt.
YOU's Cash-to-Debt is ranked better than 71.43% of 2692
companies
in the Software industry
Industry Median: 3.56
vs YOU: 22.39
Clear Secure Cash-to-Debt Historical Data
The historical data trend for Clear Secure's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Clear Secure Annual Data
Trend
Dec19
Dec20
Dec21
Cash-to-Debt
No Debt
No Debt
No Debt
Clear Secure Quarterly Data
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Cash-to-Debt
No Debt
No Debt
No Debt
No Debt
22.39
Competitive Comparison
For the Software - Application subindustry, Clear Secure's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Clear Secure Cash-to-Debt Distribution
For the Software industry and Technology sector, Clear Secure's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Clear Secure's Cash-to-Debt falls into.
Clear Secure's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:
Clear Secure had no debt.
Clear Secure's Cash to Debt Ratio for the quarter that ended in Mar. 2022 is calculated as:
Clear Secure had no debt.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Clear Secure (NYSE:YOU) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Clear Secure Cash-to-Debt Related Terms
Thank you for viewing the detailed overview of Clear Secure's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Clear Secure Inc is involved in the creation of a frictionless travel experience while enhancing security. Its secure identity platform uses biometrics to automate the identity verification process through lanes in airports which helps to make the travel experience safe and easy.
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