CommVault Systems Inc (CVLT)
Solvency ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 3.44 | 3.56 | 3.45 | 3.32 | 3.39 | 4.61 | 4.26 | 4.31 | 4.21 | 3.19 | 2.94 | 2.93 | 3.19 | 3.03 | 2.60 | 2.37 | 2.29 | 2.19 | 2.03 | 1.99 |
CommVault Systems Inc has consistently maintained a very strong solvency position as indicated by its solvency ratios. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been consistently at 0.00 over the years, highlighting that the company operates with minimal debt relative to its assets, capital, and equity.
Additionally, the financial leverage ratio, which measures the extent to which the company relies on debt to finance its operations, has shown fluctuations but generally remained at moderate levels. Specifically, the ratio increased from 1.99 in June 2020 to 4.21 in March 2023, before gradually declining to 3.44 in March 2025. This indicates that while the company's leverage increased during certain periods, it has been able to manage its debt levels effectively to maintain a balanced capital structure.
Overall, based on the solvency ratios analyzed, CommVault Systems Inc appears to have a solid financial foundation with low debt levels and a reasonable leverage position, suggesting a healthy solvency position that provides stability and resilience in the face of financial challenges.
Coverage ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 194.84 | 180.49 | 198.75 | 200.39 | 201.46 | 49.99 | 32.39 | 13.24 | -8.24 | 101.83 | 123.37 | 140.18 | 342.73 | 2,305.42 | — | — | — | 156.36 | 45.07 | 32.84 |
CommVault Systems Inc's interest coverage ratio has fluctuated over the years based on the provided data.
The interest coverage ratio indicates the company's ability to cover its interest expenses with its earnings before interest and taxes (EBIT). A higher interest coverage ratio signifies that the company is more capable of meeting its interest obligations.
From June 2020 to December 2021, the interest coverage ratio increased significantly from 32.84 to 2,305.42. This sharp increase suggests that the company's earnings were sufficient to cover its interest expenses dramatically during this period.
However, the interest coverage ratio started to decrease from March 2022 onwards, reaching negative territory in March 2023. A negative interest coverage ratio indicates that the company's earnings were not enough to cover its interest expenses during that period, raising concerns about its financial health.
The interest coverage ratio improved from June 2023 onwards, showing a more stable performance in meeting interest obligations. As of March 2025, the interest coverage ratio stood at 194.84, indicating that the company's earnings were around 195 times its interest expenses during that period.
Overall, the analysis suggests that CommVault Systems Inc experienced fluctuations in its ability to cover interest expenses over the years, with periods of strong performance followed by some challenges. It is essential for investors and stakeholders to monitor the interest coverage ratio continuously to assess the company's financial health and ability to manage its debt obligations.