Covenant Logistics Group Balance Sheet Health
Financial Health criteria checks 4/6
Covenant Logistics Group has a total shareholder equity of $419.4M and total debt of $268.1M, which brings its debt-to-equity ratio to 63.9%. Its total assets and total liabilities are $995.0M and $575.6M respectively. Covenant Logistics Group's EBIT is $61.8M making its interest coverage ratio 5.1. It has cash and short-term investments of $1.3M.
Key information
63.9%
Debt to equity ratio
US$268.08m
Debt
Interest coverage ratio | 5.1x |
Cash | US$1.28m |
Equity | US$419.37m |
Total liabilities | US$575.61m |
Total assets | US$994.99m |
Recent financial health updates
These 4 Measures Indicate That Covenant Logistics Group (NASDAQ:CVLG) Is Using Debt Extensively
Jan 25Covenant Logistics Group (NASDAQ:CVLG) Seems To Use Debt Quite Sensibly
Jan 27Recent updates
Returns 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 20Covenant Logistics Group: Still Cheap
Jul 02Financial Position Analysis
Short Term Liabilities: CVLG's short term assets ($201.8M) exceed its short term liabilities ($187.7M).
Long Term Liabilities: CVLG's short term assets ($201.8M) do not cover its long term liabilities ($387.9M).
Debt to Equity History and Analysis
Debt Level: CVLG's net debt to equity ratio (63.6%) is considered high.
Reducing Debt: CVLG's debt to equity ratio has reduced from 70.1% to 63.9% over the past 5 years.
Debt Coverage: CVLG's debt is well covered by operating cash flow (43.5%).
Interest Coverage: CVLG's interest payments on its debt are well covered by EBIT (5.1x coverage).