CommVault Systems Inc (CVLT)

Quick ratio

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash	US$ in thousands	302,103	312,754	287,778	267,507	397,237
Short-term investments	US$ in thousands	—	—	—	—	0
Receivables	US$ in thousands	251,995	222,683	210,441	194,238	188,126
Total current liabilities	US$ in thousands	555,050	484,928	410,076	394,064	373,202
Quick ratio		1.00	1.10	1.21	1.17	1.57

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($302,103K + $—K + $251,995K) ÷ $555,050K
= 1.00

The quick ratio of CommVault Systems Inc has exhibited a fluctuating trend over the past five years, reflecting the company's ability to meet its short-term obligations with its most liquid assets. Starting at a relatively healthy level of 1.57 as of March 31, 2021, the ratio decreased to 1.17 by March 31, 2022, indicating a potential tightening of the company's liquidity position.

However, there was a slight improvement in the quick ratio to 1.21 as of March 31, 2023, suggesting a better ability to cover immediate liabilities with liquid assets. Subsequently, the ratio decreased to 1.10 by March 31, 2024, which may raise concerns about the company's short-term liquidity management.

As of March 31, 2025, the quick ratio further declined to 1.00, indicating a potential strain on the company's immediate liquidity position. It is essential for CommVault Systems Inc to closely monitor and manage its liquid assets to ensure it can meet its short-term obligations efficiently in the future.