CommVault Systems Inc (CVLT)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $278,085K
= 0.00
The debt-to-equity ratio of CommVault Systems Inc has consistently been reported as 0.00 for the past five years, from March 31, 2020, to March 31, 2024. This indicates that the company has not relied on external debt to finance its operations and that its capital structure has been financed mainly through equity. A debt-to-equity ratio of 0.00 may signal a low-risk financial position with minimal financial leverage. However, it is important to note that a zero debt-to-equity ratio may also suggest limited access to debt financing for potential growth opportunities. Further analysis of the company's financial stability, liquidity, and growth prospects in conjunction with other financial ratios would provide a more comprehensive understanding of its financial health.
Peer comparison
Mar 31, 2024