DoubleVerify Holdings Inc (DV)
Quick ratio
| 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 | US$ in thousands | 292,820 | 311,910 | 257,005 | 302,138 | 310,257 | 259,212 | 295,437 | 285,738 | 267,813 | 242,687 | 223,738 | 211,600 | 221,591 | 319,825 | 330,355 | 49,815 | 33,354 | 17,289 | — |
| Short-term investments | US$ in thousands | 17,805 | 50,686 | 82,754 | 32,312 | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 103,482 | 88,197 | 79,525 | 75,368 | 83,855 | 74,750 | 66,248 | 76,010 | 68,910 | 57,863 | 47,984 | 44,688 | 57,033 | 37,615 | 36,091 | 30,680 | 34,020 | 28,208 | — |
| 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 | — |
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 significant fluctuations over the given periods. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, started at an undefined value on June 30, 2020. It then improved to 0.61 on September 30, 2020, indicating a slight increase in liquidity.
The ratio continued to increase steadily, reaching 1.62 on March 31, 2021, reflecting a notable improvement in the company's ability to cover its current liabilities with its quick assets. Subsequently, the quick ratio saw a sharp increase on June 30, 2021, surging to 9.15, and further rising to 8.50 on September 30, 2021.
During the following periods, the quick ratio remained relatively high, ranging between 3.00 and 4.74, indicating a strong ability to meet short-term obligations with liquid assets. However, towards the end of the data timeline, the quick ratio decreased to 3.00 on December 31, 2024, which may suggest a slight decrease in liquidity compared to previous periods.
Overall, the quick ratio of DoubleVerify Holdings Inc has displayed fluctuations over the analyzed periods, with the company showing varying levels of liquidity to cover its short-term obligations using its quick assets. It is essential for investors and stakeholders to closely monitor these changes to assess the company's short-term financial health and liquidity position.
Peer comparison
Dec 31, 2024