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.
Peer comparison
Dec 31, 2023