DoubleVerify Holdings Inc (DV)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,073,940 | 876,859 | 799,066 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,073,940K)
= 0.00
The debt-to-capital ratio of DoubleVerify Holdings Inc has been consistently low over the past three years. In 2021 and 2023, the ratio stood at 0.01, indicating that only 1% of the company's capital was funded by debt. In 2022, the ratio was even lower at 0.00, implying that no debt was utilized to fund the company's operations relative to its capital structure. This suggests that DoubleVerify Holdings Inc has a very conservative approach to using debt for financing, preferring to rely more on equity. Overall, the company's low debt-to-capital ratio indicates a strong financial position with limited financial risk associated with debt.
Peer comparison
Dec 31, 2023