DoubleVerify Holdings Inc (DV)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | — |
| Quick ratio | 3.00 | 4.11 | 4.27 | 4.44 | 3.70 | 3.47 | 4.46 | 3.76 | 3.89 | 4.19 | 4.66 | 4.74 | 3.89 | 8.50 | 9.15 | 1.62 | 0.98 | 0.61 | — |
| Cash ratio | 3.00 | 4.11 | 4.27 | 4.44 | 3.70 | 3.47 | 4.46 | 3.76 | 3.89 | 4.19 | 4.66 | 4.74 | 3.89 | 8.50 | 9.15 | 1.62 | 0.98 | 0.61 | — |
The liquidity ratios of DoubleVerify Holdings Inc show a strong ability to meet its short-term obligations. The current ratio, which measures the company's ability to cover current liabilities with current assets, increased steadily from 3.67 in September 2020 to a peak of 11.91 in June 2021 before gradually declining to 5.40 by December 2024. This indicates that the company had sufficient short-term assets to cover its short-term liabilities, although there was a slight decrease in liquidity towards the end of the period.
The quick ratio, which provides a more stringent measure of liquidity by excluding inventory from current assets, also demonstrated a strong upward trend, peaking at 9.15 in June 2021. Similar to the current ratio, the quick ratio declined towards the end of the period, reaching 3.00 by December 2024. Despite the decrease, the quick ratio remained above 1 for most of the period, indicating the company's ability to cover its current liabilities without relying on inventory.
The cash ratio, which focuses solely on the most liquid assets (cash and cash equivalents) relative to current liabilities, followed a similar pattern to the quick ratio. It increased significantly from 0.61 in September 2020 to 9.15 in June 2021, before gradually decreasing to 3.00 by December 2024. The company maintained a healthy level of cash reserves in relation to its current liabilities, reflecting a strong liquidity position throughout the period.
Overall, the liquidity ratios of DoubleVerify Holdings Inc suggest a robust liquidity position, with the company having the ability to meet its short-term obligations comfortably. However, the slight decline in these ratios towards the end of the period may warrant further monitoring to ensure continued liquidity strength.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
The cash conversion cycle for DoubleVerify Holdings Inc has consistently been 0.00 days from June 30, 2020, to December 31, 2024. This indicates that the company is able to efficiently convert its investments in inventory into cash receipts from customers without experiencing any delays in the process. A cash conversion cycle of 0.00 days suggests that DoubleVerify is effectively managing its working capital, maintaining minimal inventory levels, and collecting cash from its customers quickly, all of which are positive indicators for the company's liquidity and operational efficiency.