DoubleVerify Holdings Inc (DV)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 96,909 | 85,164 | 79,495 | 75,388 | 60,263 | 46,688 | 43,995 | 21,011 | 27,032 |
| Interest expense (ttm) | US$ in thousands | 1,066 | 1,015 | 953 | 929 | 905 | 917 | 940 | 1,014 | 1,172 |
| Interest coverage | 90.91 | 83.91 | 83.42 | 81.15 | 66.59 | 50.91 | 46.80 | 20.72 | 23.06 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $96,909K ÷ $1,066K
= 90.91
The interest coverage ratio for DoubleVerify Holdings Inc has shown a generally positive trend over the past eight quarters, indicating the company's ability to comfortably meet its interest obligations using its earnings.
The interest coverage ratio has steadily increased from 20.48 in Q1 2022 to 80.42 in Q4 2023. This upward trend suggests an improving ability to cover interest payments with operating income.
The company's interest coverage ratio has consistently remained above 1, indicating that DoubleVerify Holdings Inc has generated sufficient earnings to cover its interest expenses.
Overall, the increasing trend in the interest coverage ratio implies a stronger financial position for DoubleVerify Holdings Inc in terms of meeting its interest obligations.
Peer comparison
Dec 31, 2023