Covenant Financial Statements From 2010 to 2024

CVLG Stock  USD 60.81  0.60  1.00%   
Covenant Logistics financial statements provide useful quarterly and yearly information to potential Covenant Logistics Group, investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Covenant Logistics financial statements helps investors assess Covenant Logistics' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Covenant Logistics' valuation are summarized below:
Gross Profit
238.1 M
Profit Margin
0.0372
Market Capitalization
799.5 M
Enterprise Value Revenue
0.9528
Revenue
1.1 B
There are over one hundred nineteen available fundamental signals for Covenant Logistics Group,, which can be analyzed over time and compared to other ratios. Active traders should verify all of Covenant Logistics Group, prevailing fundamental drivers against the trend between 2010 and 2024 to make sure the company can sustain itself down the road. The Covenant Logistics' current Market Cap is estimated to increase to about 178.6 M

Covenant Logistics Total Revenue

711.58 Million

Check Covenant Logistics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Covenant Logistics' main balance sheet or income statement drivers, such as Depreciation And Amortization of 39 M, Interest Expense of 6.7 M or Selling General Administrative of 115.4 M, as well as many indicators such as Price To Sales Ratio of 0.5, Dividend Yield of 0.0072 or PTB Ratio of 1.53. Covenant financial statements analysis is a perfect complement when working with Covenant Logistics Valuation or Volatility modules.
  
Check out the analysis of Covenant Logistics Correlation against competitors.

Covenant Logistics Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets519.8 MB613.1 M
Slightly volatile
Short and Long Term Debt Total158.5 M293.5 M199.9 M
Very volatile
Other Current Liabilities41 M76.8 M28.6 M
Pretty Stable
Total Current Liabilities110.4 M170.3 M120.4 M
Slightly volatile
Total Stockholder Equity207.8 M403.4 M238 M
Slightly volatile
Property Plant And Equipment Net330.3 M514.7 M382.9 M
Slightly volatile
Net Debt147.8 M291.2 M184 M
Very volatile
Retained Earnings397.9 M378.9 M157.1 M
Slightly volatile
Accounts Payable34.8 M33.2 M19.3 M
Slightly volatile
Cash2.2 M2.3 M15.4 M
Slightly volatile
Non Current Assets Total859.4 M818.4 M488.8 M
Slightly volatile
Cash And Short Term Investments2.2 M2.3 M15.4 M
Slightly volatile
Net Receivables96.9 M153.6 M115.2 M
Slightly volatile
Common Stock Shares Outstanding16.6 M13.8 M16.2 M
Slightly volatile
Liabilities And Stockholders Equity519.8 MB613.1 M
Slightly volatile
Non Current Liabilities Total452.2 M430.7 M271.3 M
Slightly volatile
Inventory3.8 M4.8 M3.9 M
Pretty Stable
Other Current Assets13.8 M25.2 M13.7 M
Pretty Stable
Other Stockholder Equity22.3 M23.5 M98.4 M
Pretty Stable
Total Liabilities312 M601 M375.1 M
Slightly volatile
Property Plant And Equipment Gross350.9 M692.5 M421.7 M
Slightly volatile
Total Current Assets137.6 M185.9 M156 M
Slightly volatile
Short Term Debt36.6 M60.4 M46.2 M
Pretty Stable
Common Stock Total Equity183.9 K212.8 K184.5 K
Slightly volatile
Intangible Assets104.6 M99.6 M28.4 M
Slightly volatile
Common Stock185.3 K212.8 K184.6 K
Slightly volatile
Current Deferred Revenue101.3 M96.5 M60.3 M
Slightly volatile
Good Will41 M75.7 M44.8 M
Slightly volatile
Other Liabilities127.5 M145.1 M115.4 M
Slightly volatile
Net Tangible Assets210.2 M243.7 M247.4 M
Pretty Stable
Long Term Debt105.5 M196.9 M144.9 M
Slightly volatile
Long Term Debt Total40.9 M43.1 M144.1 M
Slightly volatile
Capital Surpluse156.2 M171.8 M143.8 M
Slightly volatile
Capital Lease Obligations55.5 M48.9 M39.5 M
Slightly volatile
Long Term Investments40.7 M66.3 M29.9 M
Slightly volatile
Short and Long Term Debt29.7 M47.7 M26.5 M
Very volatile
Non Current Liabilities Other14.9 M14.2 MM
Slightly volatile
Property Plant Equipment347.8 M367 M436.7 M
Slightly volatile
Net Invested Capital548 M648 M495 M
Pretty Stable
Net Working Capital14.9 M15.7 M65.6 M
Slightly volatile
Capital Stock152.5 K166.5 K189.2 K
Slightly volatile
Retained Earnings Total Equity215.3 M258.8 M183.6 M
Slightly volatile
Deferred Long Term Liabilities59.6 M67.1 M73.1 M
Slightly volatile

Covenant Logistics Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Selling General Administrative115.4 M104.6 M86.7 M
Very volatile
Total Revenue711.6 M1.1 B777.3 M
Slightly volatile
Gross Profit179.2 M114.1 M134.6 M
Very volatile
Other Operating Expenses786.9 M1.1 B748 M
Slightly volatile
EBITDA122 M116.2 M65.2 M
Slightly volatile
Cost Of RevenueB989.5 M676.4 M
Slightly volatile
Total Operating Expenses64.5 M67.9 M92.7 M
Pretty Stable
Reconciled Depreciation54.1 M67.5 M68.9 M
Slightly volatile
Extraordinary Items32.1 M36.1 M39.3 M
Slightly volatile
Non Operating Income Net Other10.3 M17 M6.7 M
Slightly volatile

Covenant Logistics Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow72.1 M68.7 M20.3 M
Slightly volatile
Other Cashflows From Financing Activities431.3 M245.3 M687.3 M
Slightly volatile
Capital Expenditures109.5 M217.6 M112.4 M
Pretty Stable
Total Cash From Operating Activities65.2 M84.8 M74.8 M
Slightly volatile
End Period Cash Flow2.2 M2.3 M15.4 M
Slightly volatile
Other Cashflows From Investing Activities72.6 M41.1 M73.1 M
Very volatile
Cash Flows Other Operating242 K254.7 K2.9 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.50.54430.4742
Pretty Stable
Dividend Yield0.00720.00960.0083
Very volatile
PTB Ratio1.531.48911.4324
Pretty Stable
Days Sales Outstanding38.150.805650.8257
Very volatile
Book Value Per Share32.4630.918116.0181
Slightly volatile
Operating Cash Flow Per Share6.836.50224.8017
Slightly volatile
PB Ratio1.531.48911.4324
Pretty Stable
EV To Sales0.730.80820.7251
Slightly volatile
Inventory Turnover214204170
Slightly volatile
Days Of Inventory On Hand1.71.78842.5462
Slightly volatile
Payables Turnover28.129.843839.97
Slightly volatile
Sales General And Administrative To Revenue0.090.09470.1355
Slightly volatile
Average Inventory1.6 M2.2 M2.3 M
Very volatile
Capex To Revenue0.190.19720.1668
Slightly volatile
Cash Per Share0.170.17580.9508
Pretty Stable
POCF Ratio5.347.08074.7335
Very volatile
Payout Ratio0.05770.10470.045
Slightly volatile
Capex To Operating Cash Flow2.372.56491.8845
Slightly volatile
Days Payables Outstanding17.1812.230411.9818
Very volatile
EV To Operating Cash Flow8.1710.51267.6941
Slightly volatile
Net Debt To EBITDA2.082.50623.2264
Very volatile
Current Ratio1.681.09191.3654
Slightly volatile
Tangible Book Value Per Share8.7517.478412.2456
Slightly volatile
Receivables Turnover13.657.18437.7514
Slightly volatile
Graham Number56.9854.263727.0705
Slightly volatile
Shareholders Equity Per Share32.4630.918116.0181
Slightly volatile
Debt To Equity0.660.60620.905
Slightly volatile
Capex Per Share17.5116.67747.86
Slightly volatile
Revenue Per Share88.8184.577951.542
Slightly volatile
Interest Debt Per Share20.3219.352511.4308
Pretty Stable
Debt To Assets0.310.24350.2872
Slightly volatile
Enterprise Value Over EBITDA4.057.67687.6232
Pretty Stable
Short Term Coverage Ratios1.691.78053.6297
Slightly volatile
Operating Cycle42.4352.593953.5472
Pretty Stable
Price Book Value Ratio1.531.48911.4324
Pretty Stable
Days Of Payables Outstanding17.1812.230411.9818
Very volatile
Dividend Payout Ratio0.05770.10470.045
Slightly volatile
Price To Operating Cash Flows Ratio5.347.08074.7335
Very volatile
Company Equity Multiplier2.142.48972.8488
Slightly volatile
Long Term Debt To Capitalization0.270.3280.3639
Slightly volatile
Total Debt To Capitalization0.310.37740.4136
Slightly volatile
Debt Equity Ratio0.660.60620.905
Slightly volatile
Quick Ratio1.641.06351.3316
Slightly volatile
Dividend Paid And Capex Coverage Ratio0.550.37980.8052
Slightly volatile
Net Income Per E B T0.520.76450.7805
Very volatile
Cash Ratio0.01280.01350.1349
Very volatile
Cash Conversion Cycle29.9440.363641.8781
Very volatile
Operating Cash Flow Sales Ratio0.10.07690.0975
Very volatile
Days Of Inventory Outstanding1.71.78842.5462
Slightly volatile
Days Of Sales Outstanding38.150.805650.8257
Very volatile
Cash Flow Coverage Ratios0.330.34690.6516
Slightly volatile
Price To Book Ratio1.531.48911.4324
Pretty Stable
Fixed Asset Turnover1.752.14432.0125
Slightly volatile
Capital Expenditure Coverage Ratio0.550.38990.8102
Slightly volatile
Price Cash Flow Ratio5.347.08074.7335
Very volatile
Enterprise Value Multiple4.057.67687.6232
Pretty Stable
Debt Ratio0.310.24350.2872
Slightly volatile
Cash Flow To Debt Ratio0.330.34690.6516
Slightly volatile
Price Sales Ratio0.50.54430.4742
Pretty Stable
Asset Turnover1.551.09881.3042
Very volatile
Gross Profit Margin0.09820.10340.2019
Slightly volatile
Price Fair Value1.531.48911.4324
Pretty Stable

Covenant Logistics Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap178.6 M140.1 M132.2 M
Very volatile
Enterprise Value226.1 M254.3 M277 M
Slightly volatile

Covenant Fundamental Market Drivers

Forward Price Earnings12.6743
Cash And Short Term Investments2.3 M

Covenant Upcoming Events

25th of April 2024
Upcoming Quarterly Report
View
24th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
28th of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Covenant Logistics Financial Statements

Covenant Logistics stakeholders use historical fundamental indicators, such as Covenant Logistics' revenue or net income, to determine how well the company is positioned to perform in the future. Although Covenant Logistics investors may analyze each financial statement separately, they are all interrelated. For example, changes in Covenant Logistics' assets and liabilities are reflected in the revenues and expenses on Covenant Logistics' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Covenant Logistics Group,. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue96.5 M101.3 M
Total Revenue1.1 B711.6 M
Cost Of Revenue989.5 MB
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.09  0.09 
Capex To Revenue 0.20  0.19 
Revenue Per Share 84.58  88.81 
Ebit Per Revenue 0.05  0.04 

Currently Active Assets on Macroaxis

When determining whether Covenant Logistics Group, is a strong investment it is important to analyze Covenant Logistics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Covenant Logistics' future performance. For an informed investment choice regarding Covenant Stock, refer to the following important reports:
Check out the analysis of Covenant Logistics Correlation against competitors.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Dividend Share
0.44
Earnings Share
2.97
Revenue Per Share
86.188
Quarterly Revenue Growth
(0)
The market value of Covenant Logistics Group, is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.