CorVel Corp (CRVL)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.06 | 1.79 | 1.83 | 1.84 | 1.84 | 1.91 | 1.95 | 2.02 | 1.95 | 2.09 | 2.02 | 2.02 | 1.96 | 1.97 | 1.90 | 1.84 | 1.93 | 2.18 | 2.18 | 2.15 |
CorVel Corp's solvency ratios indicate a strong financial position with consistently low levels of indebtedness. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all remained at 0.00 over the reporting periods, suggesting that the company has no significant debt relative to its total assets, capital, or equity.
Additionally, the financial leverage ratio has shown some fluctuations but generally remains at a moderate level, indicating that CorVel Corp is effectively utilizing its debt to support its operations and growth without overly burdening its financial structure.
Overall, based on the solvency ratios, CorVel Corp appears to have a solid financial foundation with low debt levels and manageable leverage, which bodes well for the company's long-term financial stability and ability to weather economic downturns.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | 5.04 | 3.79 | 2.83 | 2.24 | 3.55 | 4.48 | 6.90 | 14.05 | — | — | — | — | — | — | — |
The interest coverage ratio measures a company's ability to meet its interest obligations on outstanding debt. A higher interest coverage ratio indicates a stronger ability to cover interest expenses.
Looking at the interest coverage ratios of CorVel Corp over the past few quarters, we observe the following trend:
- As of March 31, 2022, the interest coverage ratio was 14.05, indicating a healthy ability to cover interest expenses.
- The ratio decreased to 6.90 as of June 30, 2022, which may suggest a slight decrease in the company's ability to cover interest payments.
- Subsequently, the interest coverage ratio further decreased to 4.48 as of September 30, 2022 and then to 3.55 as of December 31, 2022, indicating a potential decrease in the company's ability to cover interest expenses.
- The trend of declining interest coverage continued with ratios of 2.24 as of March 31, 2023, and 2.83 as of June 30, 2023. These lower ratios may raise concerns about the company's ability to comfortably meet its interest obligations.
- However, there was a slight improvement in the interest coverage ratio to 3.79 as of September 30, 2023, and further improvement to 5.04 as of December 31, 2023. These improvements suggest a better ability to cover interest expenses compared to the previous quarters.
As the interest coverage ratio fluctuates over time, investors and creditors should closely monitor the trend to assess the company's ability to manage its debt and interest payments effectively. It is essential to analyze the company's overall financial health and profitability alongside the interest coverage ratio to gain a comprehensive understanding of CorVel Corp's financial performance.