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).