DoubleVerify Holdings Inc (DV)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 89,908 | 96,943 | 52,934 | 26,993 | 21,890 |
| Interest expense | US$ in thousands | 1,118 | 1,066 | 905 | 1,172 | 4,931 |
| Interest coverage | 80.42 | 90.94 | 58.49 | 23.03 | 4.44 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $89,908K ÷ $1,118K
= 80.42
DoubleVerify Holdings Inc's interest coverage has shown a significant improvement over the past few years. In December 31, 2020, the interest coverage ratio was 4.44, indicating that the company's operating income was able to cover its interest expense 4.44 times.
By December 31, 2021, the interest coverage ratio increased substantially to 23.03, reflecting a stronger ability to meet interest obligations from operating income. This improvement continued in December 31, 2022, reaching a ratio of 58.49, and further increased to 90.94 by December 31, 2023.
However, there was a slight decrease in interest coverage in December 31, 2024, with the ratio at 80.42. Overall, the trend suggests that DoubleVerify Holdings Inc has significantly strengthened its ability to cover interest expenses with operating income, demonstrating improved financial health and reduced risk of default on debt obligations.
Peer comparison
Dec 31, 2024