DoubleVerify Holdings Inc (DV)

Current 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
Total current assets	US$ in thousands	559,051	579,508	559,558	550,323	533,002	469,358	492,159	476,695	445,096	405,346	386,514	370,609	367,824	424,660	430,016	148,681	141,935	103,616	—
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	—
Current ratio		5.40	6.57	7.04	7.30	6.36	6.28	7.43	6.27	6.46	7.01	8.06	8.29	6.45	11.29	11.91	4.85	4.17	3.67	—

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 fluctuation over the periods presented. It increased from 3.67 as of September 30, 2020, to a peak of 11.91 as of June 30, 2021. Subsequently, it decreased to 6.27 as of March 31, 2023, before increasing to 7.43 as of June 30, 2023. The ratio continued to fluctuate and stood at 5.40 as of December 31, 2024.

The current ratio measures the company's ability to cover its short-term obligations with its short-term assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign of financial health. DoubleVerify's current ratio has generally been above 1 throughout the periods shown, indicating a good ability to meet its short-term obligations.

The fluctuation in the current ratio could be due to various factors such as changes in the company's current assets and liabilities, including cash, accounts receivable, and accounts payable. It is important for stakeholders to monitor these changes to assess the company's liquidity and financial stability.