CommVault Systems Inc (CVLT)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	278,085	174,603	181,523	172,016	186,098	260,016	265,263	270,484	255,829	253,460	299,778	354,538	394,034	414,071	419,476	434,235	411,904	417,633	372,114	359,817
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $278,085K)
= 0.00

CommVault Systems Inc has consistently maintained a debt-to-capital ratio of 0.00 across all the periods from Dec 31, 2019 to Mar 31, 2024. This indicates that the company has not used debt financing as a significant component of its capital structure during these periods. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily equity financed, which may imply lower financial risk as the company does not have debt obligations to service. However, it's important to note that a low or zero debt-to-capital ratio may also limit the company's financial flexibility or tax benefits associated with debt financing. Overall, CommVault Systems Inc's consistent debt-to-capital ratio of 0.00 indicates a conservative capital structure strategy.