CommVault Systems Inc (CVLT)

Current ratio

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Total current assets	US$ in thousands	595,126	566,534	539,961	508,435	550,914	506,680	455,876	465,033	484,081	467,041	482,730	541,879	607,600	606,635	558,993	533,470	513,686	525,413	624,753	612,536
Total current liabilities	US$ in thousands	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	328,554	333,786	320,109	320,201
Current ratio		1.23	1.31	1.34	1.32	1.34	1.30	1.30	1.31	1.23	1.28	1.42	1.56	1.63	1.69	1.78	1.65	1.56	1.57	1.95	1.91

March 31, 2024 calculation

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

The current ratio of CommVault Systems Inc has been relatively stable over the past several quarters, averaging around 1.40. The ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong liquidity position.

In the most recent quarter, as of March 31, 2024, the current ratio was 1.23, which indicates that the company's current assets were 1.23 times its current liabilities. While this may be considered slightly lower than the historical average, the ratio is still above 1, suggesting that CommVault Systems Inc likely has sufficient current assets to cover its short-term obligations.

It is important to note that a consistently high current ratio may also indicate that the company is not efficiently managing its current assets, as excess current assets could be invested more effectively. Overall, the current ratio provides insight into the company's liquidity and ability to meet its short-term financial obligations.