CorVel Corp (CRVL)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $321,987K
= 0.00
The debt-to-equity ratio of CorVel Corp has consistently been 0.00 across multiple reporting periods from June 30, 2020, to March 31, 2025. This indicates that the company has had no significant debt relative to its equity during this period. A debt-to-equity ratio of 0.00 typically suggests that the company has a strong financial position with a minimal or no reliance on debt financing to support its operations and growth. It may also imply low financial risk and strong solvency. It is important to note that a low or zero debt-to-equity ratio may not always be seen as positive, as it could indicate underutilization of debt for potential growth opportunities. Overall, a consistent debt-to-equity ratio of 0.00 reflects CorVel Corp's stable financial structure and ability to support its operations primarily through equity investments.