CorVel (CorVel) Interest Expense : $0.0 Mil (TTM As of Dec. 2023)

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What is CorVel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CorVel's interest expense for the three months ended in Dec. 2023 was $ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $0.0 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. CorVel's Operating Income for the three months ended in Dec. 2023 was $ 22.4 Mil. CorVel's Interest Expense for the three months ended in Dec. 2023 was $ 0.0 Mil. GuruFocus does not calculate CorVel's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CorVel Interest Expense Historical Data

The historical data trend for CorVel's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CorVel Interest Expense Chart

CorVel Annual Data

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Interest Expense

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CorVel Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

CorVel Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

CorVel (NAS:CRVL) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CorVel's Interest Expense for the three months ended in Dec. 2023 was $0.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $22.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $23.1 Mil.

CorVel's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

GuruFocus does not calculate CorVel's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. CorVel Corp has enough cash to cover all of its debt. Its financial situation is stable.

CorVel (CorVel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CorVel Corp (NAS:CRVL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

5128 Apache Plume Road, Suite 400, Fort Worth, TX, USA, 76109

Website

https://www.corvel.com

CorVel Corp applies technology including artificial intelligence, machine learning and natural language processing to enhance the managing of episodes of care and the related health care costs. It partners with employers, third-party administrators, insurance companies and government agencies in managing worker's compensation and health, auto and liability services. The company's solutions combine integrated technologies with a human touch. CorVel's customized services, delivered locally, are backed by a national team to support clients as well as their customers and patients.

Executives

Brandon O'brien	officer: Chief Financial Officer	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
V Gordon Clemons	director, officer: Chairman of the Board	2010 MAIN STREET, STE 600, IRVINE CA 92614
Steven J Hamerslag	director	PO BOX 7227, RANCHO SANTA FE CA 92067
Maxim Shishin	officer: Chief Information Officer	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
Michael G Combs	officer: Chief Information Officer	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
Jean Macino	director	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
R Judd Jessup	director	30962 VIA SERENIDAD, COTO DE CAZA CA 92679
Mark E. Bertels	officer: EVP - Risk Management Services	1920 MAIN STREET, SUITE 900, IRVINE CA 92614
Corstar Holdings Inc	10 percent owner	2010 MAIN STREET STE 800, IRVINE CA 92614
Jennifer Yoss	officer: Vice President of Accounting	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
Gregory A. Dorn	officer: Division President	1920 MAIN STREET, SUITE 900, IRVINE CA 92614
Jeffrey J Michael	director	2010 MAIN STREET STE 600, IRVINE CA 92614
Alan Hoops	director	2010 MAIN ST STE 600, IRVINE CA 92614
Diane Blaha	officer: Sr. VP of Sales & Account Mgmt	2010 MAIN STREET, SUITE 600, IRVINE CA 92614
Michael Saverien	officer: Exec. VP, Risk Mgmt. Services	2010 MAIN STREET, SUITE 600, IRVINE CA 92614