CommVault Systems Inc (CVLT)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 943,913 | 804,074 | 772,692 | 741,732 | 782,574 | 829,942 | 779,788 | 792,723 | 816,080 | 768,559 | 779,754 | 839,388 | 904,173 | 905,579 | 851,978 | 865,837 | 845,076 | 862,568 | 801,766 | 793,322 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
CommVault Systems Inc has consistently maintained a debt-to-assets ratio of 0.00 across the listed periods. This indicates that the company has not used debt to finance its activities and instead relies on its own equity and retained earnings. A debt-to-assets ratio of 0.00 signifies that the company's assets are financed entirely by equity, which can be seen as a positive sign of financial stability and minimal financial risk. This low level of debt implies that the company may have a strong cash position or generates sufficient operating cash flow to fund its operations and investments without the need for external borrowing. This financial position could potentially provide CommVault Systems Inc with more flexibility and resilience in various economic environments.
Peer comparison
Mar 31, 2024