CorVel Corp (CRVL)
Debt-to-capital ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 321,987,000 | 247,647 | 202,176 | 212,395 | 220,402 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $321,987,000K)
= 0.00
The debt-to-capital ratio for CorVel Corp has consistently remained at 0.00 for the years ending on March 31, 2021 to March 31, 2025. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company is primarily funded by equity rather than debt, which may indicate a lower financial risk and potential stability in the company's financial position. It also implies that CorVel Corp may have a strong financial standing and may not be overly reliant on external borrowings to finance its operations and growth.