CommVault Systems Inc (CVLT)
Debt-to-capital ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 278,085 | 186,098 | 255,829 | 394,034 | 411,904 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $278,085K)
= 0.00
The debt-to-capital ratio for CommVault Systems Inc has consistently been 0.00 for the past five years, indicating that the company has not used any debt to finance its operations or growth. This suggests that CommVault Systems Inc has been relying solely on equity financing to fund its activities. While a low or zero debt-to-capital ratio can be perceived positively as it indicates lower financial risk and potential for better financial stability, it may also imply that the company is not taking advantage of debt as a potentially cheaper source of capital. In this case, further analysis of the company's overall capital structure and financial strategy would be needed to fully evaluate the implications of this consistently low debt-to-capital ratio.
Peer comparison
Mar 31, 2024