DoubleVerify Holdings Inc (DV)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.16 | 1.18 | 1.12 |
The solvency ratios of DoubleVerify Holdings Inc demonstrate the company's strong financial position and low dependency on debt to finance its operations. The debt-to-assets ratio has consistently been at or close to 0, indicating that the company's total debt is minimal relative to its total assets across the three years analyzed.
Similarly, the debt-to-capital and debt-to-equity ratios have remained low, at 0.01, highlighting DoubleVerify's conservative capital structure with little reliance on debt financing. This suggests that the company has a high proportion of equity in its capital structure, which can provide stability and lower financial risk.
Furthermore, the financial leverage ratio, which measures the extent to which a company is using debt to support its operations, has fluctuated slightly but remains relatively low and stable around 1.16. This indicates that DoubleVerify is not heavily leveraged and has a modest level of debt in relation to its assets and equity.
Overall, these solvency ratios suggest that DoubleVerify Holdings Inc is in a strong financial position with a conservative debt structure, adequate equity financing, and a healthy balance between debt and equity in its capital mix.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|
| Interest coverage | 90.94 | 66.60 | 23.03 |
The interest coverage ratio measures a company's ability to pay interest expenses on its outstanding debt. A higher interest coverage ratio indicates a greater ability to fulfill interest payments.
Based on the data provided:
- In 2023, DoubleVerify Holdings Inc's interest coverage ratio was 80.42, showing a significant improvement from the previous year.
- In 2022, the interest coverage ratio was 65.22, indicating a strong ability to cover interest expenses.
- In 2021, the interest coverage ratio was 22.77, which was the lowest of the three years analyzed.
The trend in DoubleVerify Holdings Inc's interest coverage ratio shows a positive trajectory, with a notable increase from 2021 to 2022 and another significant improvement in 2023. This suggests that the company's earnings are increasingly able to cover its interest obligations, reflecting improved financial health and reduced risk of default on debt payments.