DoubleVerify Holdings Inc (DV)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 559,051 | 533,002 | 445,096 | 367,824 | 141,935 |
| Total current liabilities | US$ in thousands | 103,482 | 83,855 | 68,910 | 57,033 | 34,020 |
| Current ratio | 5.40 | 6.36 | 6.46 | 6.45 | 4.17 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $559,051K ÷ $103,482K
= 5.40
The current ratio of DoubleVerify Holdings Inc has shown a consistent upward trend over the past five years, starting at 4.17 on December 31, 2020 and increasing to 5.40 by December 31, 2024. This indicates that the company's current assets have been consistently increasing in relation to its current liabilities, reflecting a strong liquidity position.
The current ratio for the latest year, as of December 31, 2024, stands at 5.40, suggesting that the company has more than enough current assets to cover its short-term liabilities. This signifies a healthy ability to meet its short-term obligations and indicates a lower risk of financial distress in the near future.
Overall, the trend of increasing current ratio reflects positively on the company's liquidity and financial health, demonstrating its ability to manage short-term obligations effectively over the years.
Peer comparison
Dec 31, 2024