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Clear Secure Financial Strength

: 7 (As of Jun. 2022)
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Clear Secure has the Financial Strength Rank of 7.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate Clear Secure's interest coverage with the available data. Clear Secure's debt to revenue ratio for the quarter that ended in Jun. 2022 was 0.07. As of today, Clear Secure's Altman Z-Score is 4.57.


Competitive Comparison

For the Software - Application subindustry, Clear Secure's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength Distribution

For the Software industry and Technology sector, Clear Secure's Financial Strength distribution charts can be found below:

* The bar in red indicates where Clear Secure's Financial Strength falls into.



Clear Secure Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Clear Secure's Interest Expense for the months ended in Jun. 2022 was $0.0 Mil. Its Operating Income for the months ended in Jun. 2022 was $-13.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $24.3 Mil.

Clear Secure's Interest Coverage for the quarter that ended in Jun. 2022 is

GuruFocus does not calculate Clear Secure's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Clear Secure's Debt to Revenue Ratio for the quarter that ended in Jun. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(3.162 + 24.277) / 410.892
=0.07

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Clear Secure has a Z-score of 4.57, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 4.57 is strong.

* 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) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Clear Secure has the Financial Strength Rank of 7.


Clear Secure Financial Strength Related Terms

Thank you for viewing the detailed overview of Clear Secure's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Clear Secure Business Description

Clear Secure logo
Traded in Other Exchanges
N/A
Address
65 East 55th Street, 17th Floor, New York, NY, USA, 10022
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.
Executives
Liu Dennis W. officer: Chief Accounting Officer 65 EAST 55TH STREET, 17TH FLOOR NEW YORK NY 10022
General Atlantic (alc), L.p. 10 percent owner C/O GENERAL ATLANTIC SERVICE CO., L.P. 55 EAST 52ND STREET, 33RD FLOOR NEW YORK NY 10055
General Atlantic (lux) S.a R.l. 10 percent owner 412F ROUTE D'ESCH LUXEMBOURG P7 10055
General Atlantic Partners (lux), Scsp 10 percent owner 55 EAST 52ND STREET FLOOR 33 NEW YORK NY 10055
General Atlantic Genpar (lux) Scsp 10 percent owner 412F ROUTE D'ESCH LUXEMBOURG N4 2086
General Atlantic Partners (bermuda) Eu, L.p. 10 percent owner C/O GENERAL ATLANTIC SERVICE COMPANY LP 55 EAST 52ND STREET, 33RD FLOOR NEW YORK NY 10055
Gap (bermuda) L.p. 10 percent owner C/O GENERAL ATLANTIC SERVICE COMPANY 55 EAST 52ND ST. 32ND FLOOR NEW YORK NY 10055
General Atlantic Genpar (bermuda), L.p. 10 percent owner C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 55 EAST 52ND ST. 32ND FLOOR NEW YORK NY 10055
General Atlantic Partners 100, L.p. 10 percent owner C/O GENERAL ATLANTIC SERVICE COMPANY,LP 55 EAST 52ND STREET, 33RD FLOOR NEW YORK NY 10055
Perrin Walter Catesby Iii officer: EVP, Growth 65 EAST 55TH STREET, 17TH FLOOR NEW YORK NY 10022
Comella Maria A. officer: Head of Public Affairs 65 EAST 55TH STREET, 17TH FLOOR NEW YORK NY 10022
Cornick Kenneth L. director, 10 percent owner, officer: President & CFO 65 EAST 55TH STREET, 17TH FLOOR NEW YORK NY 10022
Jouhal Chiranjiv S. officer: Chief Technology Officer 65 EAST 55TH STREET, 17TH FLOOR NEW YORK NY 10022
Levine Matthew officer: GC & Chief Privacy Officer 65 EAST 55TH STREET, 17TH FLOOR NEW YORK NY 10022
Patterson Richard N. Jr. officer: Chief Info Sec. Officer 65 EAST 55TH STREET, 17TH FLOOR NEW YORK NY 10022

Clear Secure Headlines

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