DoubleVerify Holdings Inc (DV)
Cash ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 310,131 | 259,212 | 295,437 | 285,738 | 267,813 | 242,687 | 223,738 | 211,600 | 221,591 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 83,855 | 74,750 | 66,248 | 76,010 | 68,910 | 57,863 | 47,984 | 44,688 | 57,033 |
| Cash ratio | 3.70 | 3.47 | 4.46 | 3.76 | 3.89 | 4.19 | 4.66 | 4.74 | 3.89 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($310,131K
+ $—K)
÷ $83,855K
= 3.70
The cash ratio of DoubleVerify Holdings Inc has exhibited fluctuating trends over the last eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
The cash ratio peaked at 5.29 in Q1 2022, indicating that the company had $5.29 in cash and cash equivalents for every dollar of current liabilities. Subsequently, the ratio declined gradually over the next few quarters but remained above 4.0, reflecting a relatively strong liquidity position.
In more recent quarters, the cash ratio showed some volatility, with the lowest ratio of 3.73 recorded in Q3 2023. Despite the fluctuations, the cash ratio has generally remained above 3.0, suggesting that DoubleVerify Holdings Inc maintains a healthy level of liquidity to meet its short-term obligations.
Overall, the varying cash ratio values demonstrate the company's ability to manage its cash resources efficiently, although stakeholders should continue monitoring the trend to ensure a stable liquidity position in the future.
Peer comparison
Dec 31, 2023