CorVel Corp (CRVL)
Current ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 386,689,000 | 302,231 | 243,770 | 264,994 | 268,941 |
| Total current liabilities | US$ in thousands | 204,036,000 | 184,499 | 167,887 | 171,370 | 162,460 |
| Current ratio | 1.90 | 1.64 | 1.45 | 1.55 | 1.66 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $386,689,000K ÷ $204,036,000K
= 1.90
CorVel Corp's current ratio has shown fluctuations over the past five years. As of March 31, 2021, the company had a current ratio of 1.66, indicating that it had $1.66 in current assets for every $1 in current liabilities.
Subsequently, the current ratio decreased to 1.55 by March 31, 2022, and further declined to 1.45 by March 31, 2023. These declines may suggest potential liquidity concerns or challenges in managing short-term obligations.
However, there was an improvement in the current ratio to 1.64 as of March 31, 2024, indicating a slight strengthening of the company's liquidity position. Notably, by March 31, 2025, the current ratio increased significantly to 1.90, signaling a healthier liquidity position compared to the previous years, with the company now having $1.90 in current assets for every $1 in current liabilities.
Overall, while there have been fluctuations in CorVel Corp's current ratio over the years, the recent increase to 1.90 indicates a positive trend towards stronger liquidity and better ability to meet its short-term financial obligations.