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.