Covenant Logistics Group, Inc.

Covenant Logistics Group, Inc.verified

CVLG

Price:

$57.77

Market Cap:

$761.39M

Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third partie...[Read more]

Industry

Trucking

IPO Date

1994-10-28

Stock Exchange

NASDAQ

Ticker

CVLG

The Current Ratio as of November 2024 (TTM) for Covenant Logistics Group, Inc. (CVLG) is 1.10

According to Covenant Logistics Group, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.10. This represents a change of 2.37% compared to the average of 1.08 of the last 4 quarters.

Covenant Logistics Group, Inc. (CVLG) Historical Current Ratio (quarterly & annually)

How has CVLG Current Ratio performed in the past?

The mean historical Current Ratio of Covenant Logistics Group, Inc. over the last ten years is 1.46. The current 1.10 Current Ratio has changed 7.46% with respect to the historical average. Over the past ten years (40 quarters), CVLG's Current Ratio was at its highest in in the June 2018 quarter at 2.84. The Current Ratio was at its lowest in in the March 2016 quarter at 0.98.

Quarterly (TTM)
Annual

Average

1.46

Median

1.47

Minimum

1.09

Maximum

2.00

Covenant Logistics Group, Inc. (CVLG) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Covenant Logistics Group, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 33.44%

Maximum Annual Current Ratio = 2.00

Minimum Annual Increase = -29.76%

Minimum Annual Current Ratio = 1.09

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.09-23.44%
20221.437.98%
20211.3219.19%
20201.11-29.76%
20191.58-5.09%
20181.66-16.83%
20172.0029.98%
20161.5412.51%
20151.37-9.26%
20141.5133.44%

Covenant Logistics Group, Inc. (CVLG) Average Current Ratio

How has CVLG Current Ratio performed in the past?

The current Current Ratio of Covenant Logistics Group, Inc. (CVLG) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.28

5-year avg

1.30

10-year avg

1.46

Covenant Logistics Group, Inc. (CVLG) Current Ratio vs. Peers

How is CVLG’s Current Ratio compared to its peers?

Covenant Logistics Group, Inc.’s Current Ratio is less than Marten Transport, Ltd. (1.46), less than Werner Enterprises, Inc. (1.53), less than Universal Logistics Holdings, Inc. (1.92), less than Schneider National, Inc. (1.66), less than Heartland Express, Inc. (1.17), less than P.A.M. Transportation Services, Inc. (0), less than null (1.80),

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