DoubleVerify Holdings Inc (DV)

Current 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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Total current assets	US$ in thousands	533,002	469,358	492,159	476,695	445,096	405,346	386,514	370,609	367,824	424,660	430,016	148,681
Total current liabilities	US$ in thousands	83,855	74,750	66,248	76,010	68,910	57,863	47,984	44,688	57,033	37,615	36,091	30,680
Current ratio		6.36	6.28	7.43	6.27	6.46	7.01	8.06	8.29	6.45	11.29	11.91	4.85

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 exhibited fluctuations over the past eight quarters, ranging from a low of 6.27 in Q1 2023 to a high of 8.29 in Q1 2022. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position, as the company has more current assets relative to its current liabilities.

The current ratio peaked in Q1 2022 at 8.29, reflecting robust liquidity levels at that time. Subsequently, the ratio gradually decreased over the following quarters but remained above 6. The lowest current ratio in Q1 2023, at 6.27, indicates a slight decline in liquidity compared to previous quarters.

Overall, the current ratios of DoubleVerify Holdings Inc have generally been healthy and well above the industry average, suggesting that the company has a strong ability to cover its short-term obligations with its current assets. Investors and stakeholders typically view a consistent and moderate to high current ratio positively, as it indicates the company's capacity to weather financial challenges and capitalize on opportunities in the short term.