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
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
Weak Statutory Earnings May Not Tell The Whole Story For Covenant Logistics Group (NYSE:CVLG)
Nov 08Covenant Logistics Group: Staying In Lane
Aug 13Returns At Covenant Logistics Group (NASDAQ:CVLG) Appear To Be Weighed Down
Jul 31Should You Think About Buying Covenant Logistics Group, Inc. (NASDAQ:CVLG) Now?
Jul 17Covenant 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 20Financial Position Analysis
Short Term Liabilities: CVLG's short term assets ($214.7M) exceed its short term liabilities ($194.6M).
Long Term Liabilities: CVLG's short term assets ($214.7M) do not cover its long term liabilities ($383.4M).
Debt to Equity History and Analysis
Debt Level: CVLG's net debt to equity ratio (53.4%) is considered high.
Reducing Debt: CVLG's debt to equity ratio has reduced from 79.6% to 61.5% over the past 5 years.
Debt Coverage: CVLG's debt is well covered by operating cash flow (50%).
Interest Coverage: CVLG's interest payments on its debt are well covered by EBIT (4.9x coverage).