CommVault Systems Inc (CVLT)

Current ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Total current assets	US$ in thousands	595,126	550,914	484,081	607,600	513,686
Total current liabilities	US$ in thousands	484,928	410,076	394,064	373,202	328,554
Current ratio		1.23	1.34	1.23	1.63	1.56

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $595,126K ÷ $484,928K
= 1.23

CommVault Systems Inc's current ratio has fluctuated over the past five years, ranging from 1.23 to 1.63. The current ratio measures the company's short-term liquidity and ability to cover its current liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally favorable.

In 2024, the current ratio decreased to 1.23 from 1.34 in 2023. This may indicate a slight decrease in the company's liquidity position or an increase in its current liabilities relative to its current assets. Despite the decrease, the current ratio of 1.23 is still above 1, suggesting that CommVault Systems Inc is able to meet its short-term obligations.

It is important to consider the trend of the current ratio over time and compare it to industry benchmarks to assess the company's liquidity position effectively. Further analysis of the components of current assets and current liabilities may provide additional insights into the company's liquidity management.