Covenant Logistics Group Balance Sheet Health
Financial Health criteria checks 4/6
Covenant Logistics Group has a total shareholder equity of $431.6M and total debt of $265.6M, which brings its debt-to-equity ratio to 61.5%. Its total assets and total liabilities are $1.0B and $578.1M respectively. Covenant Logistics Group's EBIT is $62.0M making its interest coverage ratio 4.9. It has cash and short-term investments of $35.2M.
Key information
61.5%
Debt to equity ratio
US$265.56m
Debt
| Interest coverage ratio | 4.9x |
| Cash | US$35.20m |
| Equity | US$431.55m |
| Total liabilities | US$578.09m |
| Total assets | US$1.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CV5's short term assets ($214.7M) exceed its short term liabilities ($194.6M).
Long Term Liabilities: CV5's short term assets ($214.7M) do not cover its long term liabilities ($383.4M).
Debt to Equity History and Analysis
Debt Level: CV5's net debt to equity ratio (53.4%) is considered high.
Reducing Debt: CV5's debt to equity ratio has reduced from 79.6% to 61.5% over the past 5 years.
Debt Coverage: CV5's debt is well covered by operating cash flow (50%).
Interest Coverage: CV5's interest payments on its debt are well covered by EBIT (4.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 05:39 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Covenant Logistics Group, Inc. is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Donald Broughton | Avondale Partners |
| Colin Scarola | CFRA Equity Research |
| Chaz Jones | Morgan Keegan & Company |