CommVault Systems Inc (CVLT)

Quick 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
Cash	US$ in thousands	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	288,082	272,025	377,625	320,821
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	0	10,845	10,845	10,845	43,645	64,988	97,619	130,325
Receivables	US$ in thousands	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	146,990	161,626	127,593	137,628
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
Quick ratio		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	1.46	1.49	1.88	1.84

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 been relatively stable over the past few quarters, ranging from 1.10 to 1.69. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities.

The quick ratio showed a general downward trend from the end of 2021 through the first half of 2022 before stabilizing at around 1.17 to 1.24 in the latter half of 2022 and into 2023. The ratio peaked at 1.69 in September 2021, indicating a strong liquidity position at that time.

Overall, the quick ratio of CommVault Systems Inc indicates that the company has maintained a healthy level of liquidity to meet its short-term obligations, although there has been some fluctuation in the ratio over the periods analyzed. An investor or analyst may want to further investigate the factors contributing to these fluctuations to assess the company's overall financial health.