CorVel Corp (CRVL)
Debt-to-assets ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 545,976,000 | 454,679 | 393,923 | 415,246 | 424,760 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $545,976,000K
= 0.00
The debt-to-assets ratio for CorVel Corp has consistently been 0.00 for the years ending March 31, 2021 through March 31, 2025. This indicates that the company has not used debt financing to fund its operations and investments during these periods. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, which may suggest a strong financial position with lower risk stemming from debt obligations. It implies that creditors have no claim on the company's assets, as there is no debt to be repaid. However, it is essential to consider that a low debt-to-assets ratio may also indicate limited leverage and potential missed opportunities for utilizing debt for growth or tax benefits. Overall, CorVel Corp's consistent 0.00 debt-to-assets ratio reflects a conservative approach to financial management.