CommVault Systems Inc (CVLT)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $278,085K
= 0.00

The debt-to-equity ratio for CommVault Systems Inc has consistently been reported as 0.00 for all the periods listed in the table. This indicates that the company has not been utilizing any debt to finance its operations and growth, relying solely on equity financing. A debt-to-equity ratio of 0.00 signifies that the company's financial structure consists entirely of equity, with no debt obligations present on its balance sheet. This low level of leverage suggests that the company may have a conservative financial strategy, minimizing the risk associated with debt repayment obligations and interest costs. However, it is essential to consider the overall financial health and growth prospects of the company in conjunction with the debt-to-equity ratio to gain a comprehensive understanding of its financial position.