DoubleVerify Holdings Inc (DV)

Cash ratio

		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	Sep 30, 2020	Jun 30, 2020
Cash and cash equivalents	US$ in thousands	292,820	311,910	257,005	302,138	310,257	259,212	295,437	285,738	267,813	242,687	223,738	211,600	221,591	319,825	330,355	49,815	33,354	17,289	—
Short-term investments	US$ in thousands	17,805	50,686	82,754	32,312	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	103,482	88,197	79,525	75,368	83,855	74,750	66,248	76,010	68,910	57,863	47,984	44,688	57,033	37,615	36,091	30,680	34,020	28,208	—
Cash ratio		3.00	4.11	4.27	4.44	3.70	3.47	4.46	3.76	3.89	4.19	4.66	4.74	3.89	8.50	9.15	1.62	0.98	0.61	—

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 fluctuations over the period covered in the data provided. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.

As of December 31, 2024, the cash ratio was 3.00, indicating that the company had $3.00 in cash and cash equivalents for every $1.00 of current liabilities. This suggests that the company had a relatively healthy level of liquidity at that point in time.

It is important to note that the cash ratio has ranged from a low of 0.61 on September 30, 2020, to a high of 9.15 on June 30, 2021. These fluctuations may indicate changes in the company's cash position and its ability to meet its short-term obligations.

Overall, while the cash ratio has varied over the period, DoubleVerify Holdings Inc has generally maintained a reasonable level of liquidity, which is essential for managing operational expenses and unforeseen financial challenges.