CorVel Corp (CRVL)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $321,987,000K
= 0.00
The debt-to-equity ratio of CorVel Corp has consistently remained at 0.00 over the past five years, from March 31, 2021, to March 31, 2025. This indicates that the company has either no debt or a negligible amount of debt in relation to its equity. A debt-to-equity ratio of 0.00 suggests that CorVel Corp is primarily using equity financing to support its operations, which can be viewed positively as it signifies a lower financial risk and a potentially strong financial position. However, it is important to consider other factors such as the nature of the industry and the company's business model to gain a holistic understanding of its financial health.