CommVault Systems Inc (CVLT)

Quick 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	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
Receivables	US$ in thousands	251,995	271,363	194,879	203,176	222,683	223,710	196,434	176,512	210,441	215,464	170,166	181,535	194,238	213,040	166,272	158,862	188,126	190,651	138,957	149,778
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
Quick ratio		1.00	1.01	1.06	1.10	1.10	1.17	1.19	1.17	1.21	1.25	1.24	1.24	1.17	1.22	1.36	1.49	1.57	1.61	1.69	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, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of 1 or higher is generally considered satisfactory, as it indicates the company has enough liquid assets to cover its current liabilities.

Based on the data provided for CommVault Systems Inc, the quick ratio has shown some fluctuations over the reporting periods. From June 30, 2020, to March 31, 2025, the quick ratio ranged from a high of 1.69 to a low of 1.00.

The trend in the quick ratio shows some variability, with occasional declines and increases. It is noteworthy that the quick ratio generally stayed above 1, indicating that CommVault Systems Inc has typically had sufficient liquid assets to cover its short-term liabilities.

However, a decreasing trend in the quick ratio from a high of 1.69 on September 30, 2020, to a low of 1.00 on March 31, 2025, suggests that the company may have experienced challenges in maintaining a strong liquidity position over the period.

It would be advisable for stakeholders and investors to continue monitoring the quick ratio for CommVault Systems Inc to assess the company's ability to meet its short-term obligations and manage its liquidity effectively.