CommVault Systems Inc (CVLT)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3.39 | 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 | 2.05 | 2.07 | 2.15 | 2.20 |
CommVault Systems Inc has consistently maintained a debt-free position over the periods presented, as evidenced by the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio all being at 0.00 for each period. This indicates that the company relies primarily on equity financing to support its operations rather than taking on debt.
However, the financial leverage ratio has fluctuated over time, with values ranging from 1.99 to 4.61. A higher financial leverage ratio suggests a higher level of financial risk due to higher financial leverage, which can magnify returns on equity but also increase the potential for financial distress. CommVault's financial leverage ratio has shown some volatility, reaching a peak of 4.61 in December 2023 before decreasing to 3.39 in March 2024.
Overall, while CommVault Systems Inc's solvency ratios indicate a strong financial position with minimal reliance on debt, the fluctuations in the financial leverage ratio suggest some variability in the company's capital structure and risk profile over the periods analyzed.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 202.48 | 49.99 | 13.79 | -5.64 | -31.55 | 86.12 | 132.97 | 164.56 | 399.29 | 2,201.84 | — | — | — | -223.35 | -148.76 | -11.69 | -38.48 | -25.78 | -7.08 | 7.37 |
CommVault Systems Inc's interest coverage ratio has shown significant fluctuations over the past few quarters. As of March 31, 2024, the interest coverage ratio stands at a very high level of 202.48, indicating that the company's earnings before interest and taxes (EBIT) are more than sufficient to cover its interest expenses.
Looking at the trend, we observe that the interest coverage ratio improved steadily from negative figures in the first quarter of 2020 to surpassing 100 in the subsequent quarters of 2022 and 2023. This indicates a positive sign of the company's ability to meet its interest obligations with its operating profits.
However, it is important to note that there was a significant decline in the interest coverage ratio in the second and third quarters of 2023, dropping to 13.79 and -5.64 respectively. This sharp decrease may suggest potential challenges in generating enough earnings to cover interest expenses during those periods.
Overall, the interest coverage ratio for CommVault Systems Inc has shown both strengths and weaknesses in recent quarters, and investors may need to closely monitor future financial performance to assess the company's ability to manage its debt obligations effectively.