CommVault Systems Inc (CVLT)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 943,913 | 782,574 | 816,080 | 904,173 | 845,076 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $943,913K
= 0.00
The debt-to-assets ratio for CommVault Systems Inc has consistently been 0.00 for the past five years, including as of March 31, 2024. This indicates that the company has not relied on debt financing to fund its operations and investments during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity rather than debt, reflecting a strong financial position with no debt obligations impacting the company's balance sheet. However, it is important to note that a low or zero debt-to-assets ratio may also imply missed opportunities for leveraging debt for potential growth or tax benefits. Overall, a debt-to-assets ratio of 0.00 signifies CommVault Systems Inc's conservative approach to capital structure and financial risk management.
Peer comparison
Mar 31, 2024