CommVault Systems Inc (CVLT)
Cash ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 302,103 | 243,575 | 303,071 | 287,871 | 312,754 | 284,310 | 283,287 | 274,589 | 287,778 | 273,469 | 262,485 | 258,713 | 267,507 | 233,691 | 295,807 | 359,149 | 397,237 | 377,569 | 383,153 | 345,432 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 10,845 | 10,845 | 10,845 |
| Total current liabilities | US$ in thousands | 555,050 | 511,738 | 468,317 | 446,541 | 484,928 | 432,805 | 403,749 | 385,765 | 410,076 | 391,182 | 349,396 | 355,921 | 394,064 | 365,774 | 339,815 | 347,283 | 373,202 | 359,436 | 314,705 | 322,812 |
| Cash ratio | 0.54 | 0.48 | 0.65 | 0.64 | 0.64 | 0.66 | 0.70 | 0.71 | 0.70 | 0.70 | 0.75 | 0.73 | 0.68 | 0.64 | 0.87 | 1.03 | 1.06 | 1.08 | 1.25 | 1.10 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($302,103K
+ $—K)
÷ $555,050K
= 0.54
The cash ratio of CommVault Systems Inc has shown fluctuations over the period from June 2020 to March 2025, ranging from a high of 1.25 in September 2020 to a low of 0.48 in December 2024. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of financing.
In the case of CommVault Systems Inc, the general trend in the cash ratio has been a gradual decrease over time, indicating a potential decrease in the company's liquidity position. This could be concerning as a declining cash ratio may suggest that the company is becoming less capable of meeting its short-term financial obligations solely through its available cash reserves. However, it is important to consider other liquidity and financial metrics in conjunction with the cash ratio to get a comprehensive assessment of the company's overall financial health.
Peer comparison
Mar 31, 2025