DoubleVerify Holdings Inc (DV)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total current assets	US$ in thousands	533,002	445,096	367,824
Total current liabilities	US$ in thousands	83,855	68,910	57,033
Current ratio		6.36	6.46	6.45

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $533,002K ÷ $83,855K
= 6.36

The current ratio of DoubleVerify Holdings Inc has remained strong and consistent over the past three years, with values of 6.36, 6.46, and 6.45 as of December 31, 2023, 2022, and 2021 respectively. This indicates that the company has more than enough current assets to cover its current liabilities, reflecting its ability to meet short-term obligations easily. The stable and high current ratio suggests that DoubleVerify Holdings Inc has a strong liquidity position and is well-positioned to fund its day-to-day operations and short-term financial obligations effectively.