DoubleVerify Holdings Inc (DV)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cash | US$ in thousands | 310,131 | 267,813 | 221,591 |
| Short-term investments | US$ in thousands | — | — | — |
| Receivables | US$ in thousands | 261,941 | 219,822 | 178,638 |
| Total current liabilities | US$ in thousands | 83,855 | 68,910 | 57,033 |
| Quick ratio | 6.82 | 7.08 | 7.02 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($310,131K
+ $—K
+ $261,941K)
÷ $83,855K
= 6.82
The quick ratio of DoubleVerify Holdings Inc, a provider of digital media measurement software, remained stable over the past three years, indicating a consistently strong liquidity position. The quick ratio, which measures the company's ability to meet short-term obligations with its most liquid assets, was 6.36 at the end of 2023, slightly lower than the ratios of 6.46 and 6.45 in 2022 and 2021, respectively. This indicates that for every dollar of current liabilities, the company had $6.36 worth of quick assets available at the end of 2023. Overall, the company's quick ratio suggests a robust ability to cover its short-term financial obligations with ease, reflecting a healthy liquidity position and potentially lower financial risk.
Peer comparison
Dec 31, 2023