CommVault Systems Inc (CVLT)

Financial leverage ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Total assets	US$ in thousands	943,913	782,574	816,080	904,173	845,076
Total stockholders’ equity	US$ in thousands	278,085	186,098	255,829	394,034	411,904
Financial leverage ratio		3.39	4.21	3.19	2.29	2.05

March 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $943,913K ÷ $278,085K
= 3.39

CommVault Systems Inc's financial leverage ratio has shown fluctuations over the past five years. The ratio has ranged from a low of 2.05 in 2020 to a high of 4.21 in 2023. A higher financial leverage ratio indicates higher financial risk due to increased reliance on debt financing. In contrast, a lower ratio suggests a healthier financial position with less reliance on debt.

In 2024, the financial leverage ratio stands at 3.39, indicating a moderate level of financial leverage compared to previous years. Investors and creditors may view this level of leverage as relatively stable, as it falls between the high point reached in 2023 and the lower levels seen in 2020 and 2021. It would be advisable to continue monitoring the trend of the financial leverage ratio over time to assess the company's evolving financial risk profile.