Analysis of how fast the circuit can be clocked and still work properly.
Overlaps with power dissipation, which is the current limiting factor: if you turn the clock up too high, the circuit overheats and fails.
https://en.wikipedia.org/wiki/Static_timing_analysis
https://en.wikipedia.org/wiki/Dynamic_timing_verification
http://web.stanford.edu/class/ee183/handouts_spr2003/lecture5_spring2003.pdf mentions that the main delay factors are:
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Combinational logic delay
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Routing delay
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Clock skew and delay
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FF setup and hold time requirements
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http://stackoverflow.com/questions/17161162/verilog-timing-analysis-for-fixed-inputs
Fundamental analysis of how fast clock the circuit can operate under.
https://en.wikipedia.org/wiki/Standard_Delay_Format
http://www.asic-world.com/verilog/gate1.html says a gate level representation is the most common case for an SDF simulation.