DoubleVerify Holdings Inc (DV)
Solvency ratios
| 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 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 |
| Debt-to-capital 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 |
| 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 |
| 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 |
The solvency ratios of DoubleVerify Holdings Inc over the past eight quarters indicate a consistently strong financial position with low levels of debt relative to assets, capital, and equity. The debt-to-assets and debt-to-capital ratios have remained at very low levels of 0.00 or 0.01 throughout the period, reflecting a minimal reliance on debt to finance the company's operations and investments.
Furthermore, the debt-to-equity ratio has also been consistently low, ranging from 0.00 to 0.01, indicating that the company has a healthy balance between debt and equity in its capital structure. This low level of debt relative to equity suggests lower financial risk and a solid financial foundation.
The financial leverage ratio has shown minimal fluctuations around the range of 1.16 to 1.19 over the quarters, indicating that the company has maintained a stable level of leverage in its operations. A financial leverage ratio above 1 indicates that the company has some level of leverage, but the consistent values around these levels suggest that the company has managed its debt levels effectively without taking excessive risks.
Overall, based on the solvency ratios observed, DoubleVerify Holdings Inc appears to have a robust financial position with a conservative capital structure and a prudent approach to managing its debt obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 90.91 | 83.91 | 83.42 | 81.15 | 66.59 | 50.91 | 46.80 | 20.72 | 23.06 |
The interest coverage ratio for DoubleVerify Holdings Inc has been relatively consistent over the past eight quarters, ranging from a low of 20.48 in Q1 2022 to a high of 80.42 in Q4 2023. This ratio indicates the company's ability to cover its interest expenses with its earnings before interest and taxes (EBIT).
Generally, a higher interest coverage ratio suggests that the company is more capable of meeting its interest obligations using its operating income. DoubleVerify's interest coverage ratios have shown an improving trend, reaching a peak of 80.42 in Q4 2023, which is a positive sign of the company's ability to comfortably service its debt.
Overall, DoubleVerify Holdings Inc's interest coverage ratios indicate a strong ability to service its interest payments with its operating earnings over the past eight quarters, which is a positive indicator for investors and creditors.