CorVel Corp (CRVL)
Quick ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 170,584,000 | 105,563 | 71,329 | 97,504 | 139,716 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 104,126,000 | 97,108 | 81,034 | 82,586 | 64,722 |
| Total current liabilities | US$ in thousands | 204,036,000 | 184,499 | 167,887 | 171,370 | 162,460 |
| Quick ratio | 1.35 | 1.10 | 0.91 | 1.05 | 1.26 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($170,584,000K
+ $—K
+ $104,126,000K)
÷ $204,036,000K
= 1.35
The quick ratio for CorVel Corp has shown some fluctuations over the past five years. As of March 31, 2021, the quick ratio was 1.26, indicating that the company had $1.26 in liquid assets available to cover each $1 of current liabilities. However, by March 31, 2023, the quick ratio had decreased to 0.91, suggesting a potential strain on the company's ability to meet its short-term obligations with its most liquid assets.
Subsequently, the quick ratio improved to 1.10 as of March 31, 2024, signaling a better position in terms of liquidity. The most recent data as of March 31, 2025, shows a quick ratio of 1.35, indicating an even stronger ability to cover current liabilities with its quick assets.
Overall, the trend of the quick ratio for CorVel Corp reflects some variability but generally indicates a fluctuating yet adequate ability to meet short-term obligations with liquid assets over the analyzed period.