CorVel Corp (CRVL)
Current ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 274,710 | 383,161 | 363,333 | 333,258 | 302,231 | 294,392 | 281,875 | 267,950 | 243,770 | 256,743 | 248,383 | 260,635 | 264,994 | 268,675 | 272,046 | 266,877 | 268,941 | 259,232 | 242,308 | 224,436 |
| Total current liabilities | US$ in thousands | 16,792 | 216,738 | 212,859 | 200,585 | 184,499 | 188,387 | 186,499 | 187,731 | 167,887 | 186,426 | 175,510 | 181,405 | 171,370 | 170,537 | 162,648 | 152,258 | 162,460 | 158,822 | 149,077 | 138,535 |
| Current ratio | 16.36 | 1.77 | 1.71 | 1.66 | 1.64 | 1.56 | 1.51 | 1.43 | 1.45 | 1.38 | 1.42 | 1.44 | 1.55 | 1.58 | 1.67 | 1.75 | 1.66 | 1.63 | 1.63 | 1.62 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $274,710K ÷ $16,792K
= 16.36
The current ratio of CorVel Corp has been relatively stable over the years, indicating the company's ability to cover its short-term liabilities with its current assets. The ratio has fluctuated within a range of 1.38 to 1.77 between December 31, 2022, and December 31, 2024.
The current ratio peaked at 1.77 on December 31, 2024, suggesting a strong liquidity position at that point in time. However, it significantly dropped to 16.36 on March 31, 2025, which seems like a data anomaly or error given the drastic increase compared to previous periods.
Overall, the company's current ratio has generally been above 1, indicating that CorVel Corp has sufficient current assets to cover its current liabilities, providing a buffer against potential liquidity issues. Investors and stakeholders may monitor the trend of the current ratio to assess the company's liquidity position and financial health over time.