CommVault Systems Inc (CVLT)

Quick ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash	US$ in thousands	312,754	287,778	267,507	397,237	288,082
Short-term investments	US$ in thousands	—	—	—	0	43,645
Receivables	US$ in thousands	222,683	210,441	194,238	188,126	146,990
Total current liabilities	US$ in thousands	484,928	410,076	394,064	373,202	328,554
Quick ratio		1.10	1.21	1.17	1.57	1.46

March 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($312,754K + $—K + $222,683K) ÷ $484,928K
= 1.10

The quick ratio of CommVault Systems Inc has fluctuated over the past five years, ranging from 1.10 to 1.57. This ratio measures the company's ability to meet its short-term obligations using its most liquid assets, excluding inventory.

In the most recent year, as of March 31, 2024, the quick ratio stood at 1.10, indicating a slight decrease from the previous year. This may suggest a potential challenge in meeting current liabilities with quickly convertible assets.

Comparing the quick ratio to previous years, the current ratio was the lowest in 2024, which may raise concerns about the company's short-term liquidity position. However, it is essential to analyze other factors in conjunction with the quick ratio to gain a comprehensive view of the company's financial health.