CorVel Corp (CRVL)
Debt-to-equity ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 247,647 | 202,176 | 212,395 | 220,402 | 189,711 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $247,647K
= 0.00
The debt-to-equity ratio for CorVel Corp has consistently been 0.00 for the past five years. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet and relies solely on equity financing. This suggests that the company has a strong capital structure and is not burdened by debt obligations. A low or zero debt-to-equity ratio can be seen as a positive indicator of financial health as it signifies lower financial risk and greater financial stability. Overall, CorVel Corp's consistently low debt-to-equity ratio indicates a conservative approach to capital structure management.