DoubleVerify Holdings Inc (DV)

Quick 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
Cash	US$ in thousands	310,131	259,212	295,437	285,738	267,813	242,687	223,738	211,600	221,591	319,825	330,355	49,815
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	261,941	242,573	228,907	223,062	219,822	185,544	181,552	173,730	178,638	131,609	112,155	112,498
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
Quick ratio		6.82	6.71	7.91	6.69	7.08	7.40	8.45	8.62	7.02	12.00	12.26	5.29

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 has exhibited relatively stable and healthy values over the past eight quarters, ranging from 6.27 to 8.29. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company can cover its current liabilities with its liquid assets, which is favorable for creditors and investors.

The company's quick ratio has been consistently above 1 in all quarters, indicating a strong ability to meet its short-term obligations without relying heavily on inventory. The highest quick ratio was observed in Q2 2022 at 8.29, suggesting a significant cushion of liquid assets to cover current liabilities. This trend indicates a prudent approach to managing liquidity and financial obligations.

Overall, the quick ratio analysis suggests that DoubleVerify Holdings Inc has maintained a solid liquidity position and is well-positioned to meet its short-term financial obligations across the analyzed periods.