DoubleVerify Holdings Inc (DV)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Financial leverage ratio | 1.18 | 1.16 | 1.15 | 1.15 | 1.16 | 1.16 | 1.16 | 1.18 | 1.18 | 1.19 | 1.19 | 1.19 | 1.12 | 1.10 | 1.10 | 1.21 | 1.23 | 1.42 | — |
Based on the provided data for DoubleVerify Holdings Inc, the solvency ratios can be analyzed as follows:
1. Debt-to-assets ratio: The debt-to-assets ratio measures the proportion of a company's assets that are financed through debt. DoubleVerify Holdings Inc has maintained a debt-to-assets ratio of 0.00 consistently across all the reported periods. This indicates that the company has not used debt to finance its assets during the specified timeframe.
2. Debt-to-capital ratio: The debt-to-capital ratio reflects the extent to which a company's capital structure is made up of debt. Similar to the debt-to-assets ratio, DoubleVerify Holdings Inc has a debt-to-capital ratio of 0.00 throughout the reported periods. This suggests that the company has not utilized debt in its capital structure.
3. Debt-to-equity ratio: The debt-to-equity ratio compares a company's total debt to its shareholders' equity. DoubleVerify Holdings Inc has maintained a debt-to-equity ratio of 0.00 consistently, indicating that the company's debt levels are minimal relative to its equity.
4. Financial leverage ratio: The financial leverage ratio measures the extent to which a company uses debt to finance its operations. DoubleVerify Holdings Inc's financial leverage ratio has shown a slightly decreasing trend from 1.42 in September 2020 to 1.18 by December 2024. This indicates that the company's reliance on debt to support its business has decreased over time, reflecting a potentially improving financial position.
Overall, based on the solvency ratios provided, DoubleVerify Holdings Inc appears to have a strong financial position with minimal reliance on debt financing, which may be viewed positively by investors and creditors as it signifies stability and lower financial risk.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 80.42 | 86.23 | 81.87 | 83.05 | 87.85 | 79.33 | 76.78 | 74.09 | 58.96 | 44.89 | 42.65 | 18.71 | 23.03 | 5.13 | 2.49 | 6.20 | 4.44 | 10.45 | 17.68 |
The interest coverage ratio of DoubleVerify Holdings Inc has shown fluctuations over the periods provided. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income.
- The trend shows a decline in the interest coverage ratio from 17.68 in June 2020 to a low of 2.49 in June 2021, indicating a potential strain on the company's ability to cover its interest expenses with its operating income during this period.
- However, there is a notable improvement in the interest coverage ratio starting from December 2021, reaching a peak of 87.85 by December 31, 2023. This increase suggests that the company's operating income has become more robust in relation to its interest expenses.
- The ratio experiences some fluctuations in the latter periods but maintains a relatively high level above 80, indicating a strong ability to cover interest obligations with operating income.
Overall, DoubleVerify Holdings Inc's interest coverage ratio has shown variability, with periods of vulnerability followed by significant improvements, demonstrating the company's ability to manage its interest expenses effectively over time.