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Corvel Corporation  (CRVL)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial

Corvel's Quick Ratio

CRVL's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Corvel's Cash & cash equivalent grew by 6.14 % in the II Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Corvel's Quick Ratio to 0.98, above Corvel Corporation average Quick Ratio.

Within Insurance Brokerage industry 5 other companies have achieved higher Quick Ratio than Corvel in second quarter 2023. While Quick Ratio total ranking has improved so far during the II Quarter 2023 to 1742, from total ranking in the first quarter 2023 at 1855.

Explain Quick Ratio?
How much Cash & cash equivalents CRVL´s has?
What are CRVL´s Current Liabilities?


CRVL Quick Ratio (Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
(Sep 30 2022)
II. Quarter
Y / Y Current Liabilities Change 6.26 % 3.49 % -2.03 % 9.32 % 7.91 %
Y / Y Cash & cash equivalent Change 20.13 % 1.55 % -9.53 % -13.36 % -21.2 %
Quick Ratio MRQ 0.98 0.91 0.9 0.86 0.86
CRVL's Total Ranking # 1742 # 1855 # 1845 # 92 # 2165
Seq. Current Liabilities Change -0.66 % 11.82 % -9.94 % 6.22 % -3.25 %
Seq. Cash & cash equivalent Change 6.14 % 13.21 % -5.93 % 6.27 % -10.27 %



Quick Ratio second quarter 2023 Company Ranking
Within: No.
Insurance Brokerage Industry # 6
Financial Sector # 269
Overall Market # 1742


Quick Ratio Statistics
High Average Low
1.38 0.92 0.21
(Jun 30 2019)   (Mar 31 2012)




Financial Statements
Corvel's Current Liabilities $ 186 Millions Visit CRVL's Balance sheet
Corvel's Cash & cash equivalent $ 182 Millions Visit CRVL's Balance sheet
Source of CRVL's Sales Visit CRVL's Sales by Geography


Cumulative Corvel's Quick Ratio

CRVL's Quick Ratio for the trailling 12 Months

CRVL Quick Ratio

(Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
(Sep 30 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth 6.26 % 3.49 % -2.03 % 9.32 % 7.91 %
Y / Y Cash & cash equivalent TTM Growth 20.13 % 1.55 % -9.53 % -13.36 % -21.2 %
Quick Ratio TTM 0.91 0.88 0.89 0.91 0.96
Total Ranking TTM # 3768 # 2209 # 1645 # 1180 # 482
Seq. Current Liabilities TTM Growth -0.66 % 11.82 % -9.94 % 6.22 % -3.25 %
Seq. Cash & cash equivalent TTM Growth 6.14 % 13.21 % -5.93 % 6.27 % -10.27 %


On the trailing twelve months basis CRVL Cash & cash equivalent grew by 20.13 % in II Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Corvel's Quick Ratio to 0.91, above CRVL average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Insurance Brokerage industry 15 other companies have achieved higher Quick Ratio than Corvel. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2023 from 2209 to 3768.

Explain Quick Ratio?
How much Cash & cash equivalents CRVL´s has?
What are CRVL´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Insurance Brokerage Industry # 16
Financial Sector # 256
Within the Market # 3768


trailing twelve months Quick Ratio Statistics
High Average Low
1.2 0.89 0.47
(Sep 30 2021)   (June 30. 2014)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Insurance Brokerage Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Enact Holdings Inc   1.39 $ 696.163  Millions$ 501.093  Millions
First American Financial Corporation  1.37 $ 8,806.300  Millions$ 6,432.200  Millions
Stewart Information Services Corp  1.36 $ 240.223  Millions$ 177.180  Millions
Corvel Corporation  0.98 $ 181.876  Millions$ 186.499  Millions
Goosehead Insurance Inc   0.90 $ 35.203  Millions$ 38.967  Millions
Hagerty Inc   0.77 $ 685.575  Millions$ 890.625  Millions
Equitable Holdings Inc   0.37 $ 7,105.000  Millions$ 19,422.000  Millions
Selectquote Inc   0.35 $ 48.486  Millions$ 136.746  Millions
Brp Group Inc   0.27 $ 78.965  Millions$ 296.418  Millions
Ryan Specialty Holdings Inc   0.25 $ 754.370  Millions$ 2,981.837  Millions
Argo Group International Holdings Ltd   0.22 $ 1,222.700  Millions$ 5,509.300  Millions
Crawford and Co  0.21 $ 49.208  Millions$ 231.403  Millions
Aon Plc  0.21 $ 983.000  Millions$ 4,757.000  Millions

Date modified: 2023-11-03T16:01:13+00:00



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