Covenant Logistics Group Balance Sheet Health
Financial Health criteria checks 3/6
Covenant Logistics Group has a total shareholder equity of $403.4M and total debt of $293.5M, which brings its debt-to-equity ratio to 72.7%. Its total assets and total liabilities are $954.4M and $551.0M respectively. Covenant Logistics Group's EBIT is $46.4M making its interest coverage ratio 4.4. It has cash and short-term investments of $2.3M.
Key information
72.7%
Debt to equity ratio
US$293.46m
Debt
| Interest coverage ratio | 4.4x |
| Cash | US$2.29m |
| Equity | US$403.42m |
| Total liabilities | US$551.02m |
| Total assets | US$954.44m |
Recent financial health updates
These 4 Measures Indicate That Covenant Logistics Group (NASDAQ:CVLG) Is Using Debt Extensively
Jan 25
Covenant Logistics Group (NASDAQ:CVLG) Seems To Use Debt Quite Sensibly
Jan 27Recent updates
Covenant Logistics Group (NASDAQ:CVLG) Is Paying Out A Dividend Of $0.11
Feb 19Covenant Logistics: The Business That Keeps On Delivering
Jan 28These 4 Measures Indicate That Covenant Logistics Group (NASDAQ:CVLG) Is Using Debt Extensively
Jan 25Is There Now An Opportunity In Covenant Logistics Group, Inc. (NASDAQ:CVLG)?
Oct 28Returns On Capital At Covenant Logistics Group (NASDAQ:CVLG) Have Stalled
Jul 31Covenant Logistics Group (NASDAQ:CVLG) Is Increasing Its Dividend To $0.11
Feb 21Covenant Logistics Group (NASDAQ:CVLG) Seems To Use Debt Quite Sensibly
Jan 27Covenant Logistics Non-GAAP EPS of $1.52, revenue of $311.84M
Oct 20Returns Are Gaining Momentum At Covenant Logistics Group (NASDAQ:CVLG)
Aug 30Covenant Logistics files for $200M mixed shelf offering
Aug 12Covenant Logistics Q2 2022 Earnings Preview
Jul 22Why Covenant Logistics Group, Inc. (NASDAQ:CVLG) Could Be Worth Watching
Jul 20Covenant Logistics Group: Still Cheap
Jul 02Returns At Covenant Logistics Group (NASDAQ:CVLG) Are On The Way Up
May 20Financial Position Analysis
Short Term Liabilities: CVLG's short term assets ($185.9M) exceed its short term liabilities ($170.3M).
Long Term Liabilities: CVLG's short term assets ($185.9M) do not cover its long term liabilities ($380.7M).
Debt to Equity History and Analysis
Debt Level: CVLG's net debt to equity ratio (72.2%) is considered high.
Reducing Debt: CVLG's debt to equity ratio has increased from 66.1% to 72.7% over the past 5 years.
Debt Coverage: CVLG's debt is well covered by operating cash flow (28.9%).
Interest Coverage: CVLG's interest payments on its debt are well covered by EBIT (4.4x coverage).