DoubleVerify Holdings Inc (DV)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 292,820 310,131 267,813 221,591 33,354
Short-term investments US$ in thousands 17,805 0
Receivables US$ in thousands
Total current liabilities US$ in thousands 103,482 83,855 68,910 57,033 34,020
Quick ratio 3.00 3.70 3.89 3.89 0.98

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($292,820K + $17,805K + $—K) ÷ $103,482K
= 3.00

The quick ratio of DoubleVerify Holdings Inc has shown a positive trend over the years, increasing from 0.98 in December 31, 2020, to 3.00 in December 31, 2024. This indicates the company's ability to meet its short-term obligations with its most liquid assets has significantly improved. The quick ratio remains consistently above 1 for all the years presented, suggesting that DoubleVerify Holdings Inc has a strong liquidity position and can cover its current liabilities comfortably using its quick assets. However, it is noteworthy that there was a slight dip in the quick ratio from 3.89 in December 31, 2022 to 3.70 in December 31, 2023. Overall, the increasing trend in the quick ratio demonstrates the company's effective management of liquidity and its capacity to handle short-term financial obligations.