DoubleVerify Holdings Inc (DV)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 292,820 | 310,131 | 267,813 | 221,591 | 33,354 |
| Short-term investments | US$ in thousands | 17,805 | 0 | — | — | — |
| Total current liabilities | US$ in thousands | 103,482 | 83,855 | 68,910 | 57,033 | 34,020 |
| Cash ratio | 3.00 | 3.70 | 3.89 | 3.89 | 0.98 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($292,820K
+ $17,805K)
÷ $103,482K
= 3.00
The cash ratio of DoubleVerify Holdings Inc has shown a positive trend over the years, indicating an improving liquidity position. The ratio increased from 0.98 on December 31, 2020, to 3.00 on December 31, 2024. This suggests that the company has a higher level of cash and cash equivalents relative to its current liabilities, which is a positive sign for meeting short-term obligations. The consistent increase in the cash ratio from 2021 to 2024 reflects a strengthened ability to cover immediate financial obligations with available cash resources. Overall, the company's cash ratio demonstrates a healthy liquidity position and financial stability over the analyzed period.
Peer comparison
Dec 31, 2024