DoubleVerify Holdings Inc (DV)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,073,940 | 1,011,280 | 934,222 | 903,198 | 876,859 | 840,015 | 821,335 | 813,689 | 799,066 | 732,756 | 719,416 | 424,616 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,073,940K
= 0.00
The debt-to-equity ratio of DoubleVerify Holdings Inc has been consistently low over the past eight quarters, ranging from 0.00 to 0.01. This indicates that the company has been primarily funded by equity rather than debt during this period. A low debt-to-equity ratio is generally considered favorable as it suggests lower financial risk and indicates that the company is relying less on borrowed funds to finance its operations. DoubleVerify's consistent low debt-to-equity ratio may reflect its conservative financial management approach and potentially strong cash flow generation, allowing it to support its operations and growth without the need for significant debt financing.
Peer comparison
Dec 31, 2023