CorVel Corp (CRVL)
Cash ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 170,584,000 | 105,563 | 71,329 | 97,504 | 139,716 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 204,036,000 | 184,499 | 167,887 | 171,370 | 162,460 |
| Cash ratio | 0.84 | 0.57 | 0.42 | 0.57 | 0.86 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($170,584,000K
+ $—K)
÷ $204,036,000K
= 0.84
The cash ratio of CorVel Corp has shown some fluctuations over the past five years. The ratio decreased from 0.86 on March 31, 2021, to 0.57 on March 31, 2022, indicating a reduction in the company's ability to cover its short-term liabilities solely with its cash and cash equivalents. This downward trend continued into the following year, with the cash ratio dropping to 0.42 on March 31, 2023.
However, there was a slight improvement in the company's cash position as the cash ratio increased to 0.57 on March 31, 2024, suggesting a better ability to meet short-term obligations with available cash resources. The most recent data on March 31, 2025, reveals a significant recovery in the cash ratio to 0.84, indicating a stronger liquidity position for CorVel Corp.
Overall, the fluctuations in the cash ratio of CorVel Corp over the years demonstrate varying levels of liquidity management and highlight the importance of monitoring cash reserves to meet short-term financial obligations efficiently.