DoubleVerify Holdings Inc (DV)

Financial leverage 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
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
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
Financial leverage ratio		1.16	1.16	1.16	1.18	1.18	1.19	1.19	1.19	1.12	1.10	1.10	1.21

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,243,030K ÷ $1,073,940K
= 1.16

The financial leverage ratio of DoubleVerify Holdings Inc has been relatively stable in recent quarters, ranging from 1.16 to 1.19. This indicates that the company's level of debt relative to its equity has remained consistent over the period analyzed. A ratio above 1 suggests that the company relies more on debt to finance its operations than equity. The slight variations in the ratio do not indicate any significant shifts in the company's capital structure or financial risk during this time. Overall, DoubleVerify Holdings Inc appears to maintain a moderate level of leverage in its capital structure.