DoubleVerify Holdings Inc (DV)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 22,000 |
| Total assets | US$ in thousands | 1,243,030 | 1,175,180 | 1,082,660 | 1,064,860 | 1,037,030 | 1,001,420 | 976,017 | 965,683 | 892,194 | 805,997 | 790,102 | 514,394 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,243,030K
= 0.00
The debt-to-assets ratio of DoubleVerify Holdings Inc has been consistently low over the past eight quarters, with ratios ranging from 0.00 to 0.01. This indicates that the company's level of debt relative to its total assets is very low, suggesting that DoubleVerify relies more on equity financing rather than debt financing to fund its operations and investments. The stability of this ratio over time indicates a conservative financial management approach, which may signal financial strength and stability for the company. However, it is important to note that a low debt-to-assets ratio may also suggest missed opportunities for leveraging debt for potential growth and expansion.
Peer comparison
Dec 31, 2023