CorVel Corp (CRVL)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 321,987 | 300,850 | 282,772 | 263,873 | 247,647 | 233,530 | 222,569 | 206,980 | 202,176 | 194,805 | 197,833 | 205,628 | 212,395 | 214,927 | 223,795 | 229,539 | 220,402 | 209,873 | 202,400 | 198,092 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 + $321,987K)
= 0.00
The debt-to-capital ratio for CorVel Corp has consistently remained at 0.00 from June 30, 2020, to March 31, 2025. A debt-to-capital ratio of 0.00 indicates that the company has no debt in relation to its capital structure during this period. This could signify that CorVel Corp has been funding its operations and investments primarily through equity financing rather than debt financing. A low or zero debt-to-capital ratio can be viewed positively as it suggests lower financial risk and indicates that the company has a strong financial position with minimal debt obligations. Additionally, it implies that the company may have a lower cost of capital as it relies less on borrowed funds. However, it is important to note that while a low debt-to-capital ratio can be advantageous, it may also indicate missed opportunities for leveraging debt to potentially enhance returns in a low-interest-rate environment.