Covenant Historical Balance Sheet

CVLG Stock

USD 22.20 0.71 3.10%

Trend analysis of Covenant Logistics Group, balance sheet accounts such as Short Long Term Debt Total of 163.9 M, Other Current Liabilities of 46 M or Total Current Liabilities of 111.5 M provides information on Covenant Logistics' total assets, liabilities, and equity, which is the actual value of Covenant Logistics Group, to its prevalent stockholders. By breaking down trends over time using Covenant Logistics balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Covenant Logistics Group, latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Covenant Logistics Group, is a good buy for the upcoming year.

Covenant Logistics Inventory

3.91 Million

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covenant Logistics Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

About Covenant Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Covenant Logistics Group, at a specified time, usually calculated after every quarter, six months, or one year. Covenant Logistics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Covenant Logistics and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Covenant currently owns. An asset can also be divided into two categories, current and non-current.

Covenant Logistics Balance Sheet Chart

At this time, Covenant Logistics' Retained Earnings are most likely to increase significantly in the upcoming years. The Covenant Logistics' current Accounts Payable is estimated to increase to about 33.5 M, while Short and Long Term Debt Total is projected to decrease to roughly 163.9 M.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

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Total Assets

Total assets refers to the total amount of Covenant Logistics assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Covenant Logistics Group, books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Covenant Logistics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Covenant Logistics Group, are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most accounts from Covenant Logistics' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Covenant Logistics Group, current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covenant Logistics Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

	2022	2023	2024	2025 (projected)
Short and Long Term Debt Total	179.6M	293.5M	296.9M	163.9M
Total Assets	796.6M	954.4M	997.6M	536.6M

Short Long Term Debt Total Total Assets

Covenant Logistics balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock Total Equity	Intangible Assets	Common Stock
Total Assets		0.64	0.27	0.7	0.72	0.92	0.55	0.78	0.73	0.44	0.46	-0.36	0.44	0.9	0.68	0.88	0.6	0.08	0.23	0.92	0.95	0.91	0.27	0.84	0.64	0.79
Short Long Term Debt Total	0.64		-0.22	0.54	0.18	0.76	0.98	0.22	0.1	0.21	0.3	-0.3	0.21	0.54	0.06	0.86	0.78	0.11	0.15	0.84	0.55	0.59	0.68	0.53	0.29	0.5
Other Current Liab	0.27	-0.22		0.57	0.45	0.03	-0.25	0.5	0.61	0.09	0.29	0.18	0.09	0.27	0.58	-0.03	0.07	0.28	-0.43	0.15	0.3	0.25	0.02	0.04	0.28	-0.03
Total Current Liabilities	0.7	0.54	0.57		0.53	0.6	0.48	0.52	0.61	0.29	0.5	-0.01	0.29	0.66	0.57	0.59	0.62	0.41	-0.12	0.76	0.66	0.72	0.63	0.5	0.32	0.38
Total Stockholder Equity	0.72	0.18	0.45	0.53		0.62	0.09	0.77	0.7	0.36	0.74	0.02	0.36	0.79	0.66	0.48	0.09	-0.18	0.05	0.5	0.67	0.75	-0.18	0.54	0.45	0.27
Property Plant And Equipment Net	0.92	0.76	0.03	0.6	0.62		0.71	0.57	0.49	0.29	0.5	-0.31	0.29	0.86	0.47	0.95	0.7	0.11	0.39	0.93	0.86	0.84	0.27	0.91	0.5	0.78
Net Debt	0.55	0.98	-0.25	0.48	0.09	0.71		0.12	0.01	0.0	0.28	-0.25	0.0	0.46	-0.03	0.81	0.78	0.15	0.14	0.78	0.46	0.46	0.68	0.46	0.24	0.44
Retained Earnings	0.78	0.22	0.5	0.52	0.77	0.57	0.12		0.92	0.55	0.25	-0.42	0.55	0.67	0.78	0.48	0.22	-0.07	-0.13	0.55	0.79	0.68	-0.01	0.51	0.88	0.5
Accounts Payable	0.73	0.1	0.61	0.61	0.7	0.49	0.01	0.92		0.53	0.18	-0.42	0.53	0.63	0.76	0.41	0.2	0.07	-0.04	0.53	0.71	0.67	0.05	0.54	0.78	0.53
Cash	0.44	0.21	0.09	0.29	0.36	0.29	0.0	0.55	0.53		-0.04	-0.48	1.0	0.36	0.4	0.28	0.12	-0.18	0.03	0.32	0.42	0.6	0.07	0.35	0.4	0.37
Non Current Assets Total	0.46	0.3	0.29	0.5	0.74	0.5	0.28	0.25	0.18	-0.04		0.55	-0.04	0.54	0.27	0.46	0.13	0.05	-0.07	0.45	0.39	0.49	0.0	0.29	-0.07	-0.06
Non Currrent Assets Other	-0.36	-0.3	0.18	-0.01	0.02	-0.31	-0.25	-0.42	-0.42	-0.48	0.55		-0.48	-0.3	-0.13	-0.29	-0.3	0.3	-0.38	-0.29	-0.3	-0.32	-0.14	-0.43	-0.64	-0.63
Cash And Short Term Investments	0.44	0.21	0.09	0.29	0.36	0.29	0.0	0.55	0.53	1.0	-0.04	-0.48		0.36	0.4	0.28	0.12	-0.18	0.03	0.32	0.42	0.6	0.07	0.35	0.4	0.37
Net Receivables	0.9	0.54	0.27	0.66	0.79	0.86	0.46	0.67	0.63	0.36	0.54	-0.3	0.36		0.66	0.75	0.5	-0.11	0.4	0.79	0.82	0.95	0.16	0.81	0.44	0.66
Common Stock Shares Outstanding	0.68	0.06	0.58	0.57	0.66	0.47	-0.03	0.78	0.76	0.4	0.27	-0.13	0.4	0.66		0.33	0.25	0.14	-0.08	0.46	0.82	0.66	0.01	0.46	0.55	0.47
Non Current Liabilities Total	0.88	0.86	-0.03	0.59	0.48	0.95	0.81	0.48	0.41	0.28	0.46	-0.29	0.28	0.75	0.33		0.74	0.19	0.29	0.97	0.8	0.78	0.36	0.82	0.46	0.73
Inventory	0.6	0.78	0.07	0.62	0.09	0.7	0.78	0.22	0.2	0.12	0.13	-0.3	0.12	0.5	0.25	0.74		0.35	0.16	0.79	0.6	0.52	0.64	0.63	0.33	0.63
Other Current Assets	0.08	0.11	0.28	0.41	-0.18	0.11	0.15	-0.07	0.07	-0.18	0.05	0.3	-0.18	-0.11	0.14	0.19	0.35		-0.21	0.28	0.18	-0.02	0.29	0.14	-0.05	0.13
Other Stockholder Equity	0.23	0.15	-0.43	-0.12	0.05	0.39	0.14	-0.13	-0.04	0.03	-0.07	-0.38	0.03	0.4	-0.08	0.29	0.16	-0.21		0.21	0.11	0.34	-0.17	0.63	-0.15	0.57
Total Liab	0.92	0.84	0.15	0.76	0.5	0.93	0.78	0.55	0.53	0.32	0.45	-0.29	0.32	0.79	0.46	0.97	0.79	0.28	0.21		0.85	0.83	0.5	0.81	0.49	0.74
Property Plant And Equipment Gross	0.95	0.55	0.3	0.66	0.67	0.86	0.46	0.79	0.71	0.42	0.39	-0.3	0.42	0.82	0.82	0.8	0.6	0.18	0.11	0.85		0.84	0.24	0.77	0.67	0.76
Total Current Assets	0.91	0.59	0.25	0.72	0.75	0.84	0.46	0.68	0.67	0.6	0.49	-0.32	0.6	0.95	0.66	0.78	0.52	-0.02	0.34	0.83	0.84		0.24	0.81	0.43	0.68
Short Term Debt	0.27	0.68	0.02	0.63	-0.18	0.27	0.68	-0.01	0.05	0.07	0.0	-0.14	0.07	0.16	0.01	0.36	0.64	0.29	-0.17	0.5	0.24	0.24		0.1	0.07	0.21
Common Stock Total Equity	0.84	0.53	0.04	0.5	0.54	0.91	0.46	0.51	0.54	0.35	0.29	-0.43	0.35	0.81	0.46	0.82	0.63	0.14	0.63	0.81	0.77	0.81	0.1		0.44	0.89
Intangible Assets	0.64	0.29	0.28	0.32	0.45	0.5	0.24	0.88	0.78	0.4	-0.07	-0.64	0.4	0.44	0.55	0.46	0.33	-0.05	-0.15	0.49	0.67	0.43	0.07	0.44		0.55
Common Stock	0.79	0.5	-0.03	0.38	0.27	0.78	0.44	0.5	0.53	0.37	-0.06	-0.63	0.37	0.66	0.47	0.73	0.63	0.13	0.57	0.74	0.76	0.68	0.21	0.89	0.55

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Covenant Logistics Account Relationship Matchups

Covenant Logistics balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	676.7M	651.7M	796.6M	954.4M	997.6M	536.6M
Short Long Term Debt Total	111.6M	74.3M	179.6M	293.5M	296.9M	163.9M
Other Current Liab	70.2M	84.5M	79.8M	76.8M	23.9M	46.0M
Total Current Liabilities	133.4M	142.7M	156.1M	170.3M	131.1M	111.5M
Total Stockholder Equity	290.6M	349.7M	377.1M	403.4M	150.4M	206.4M
Property Plant And Equipment Net	391.5M	346.5M	407.7M	514.7M	524.8M	338.3M
Net Debt	103.2M	65.8M	111.0M	291.2M	261.3M	152.3M
Retained Earnings	166.3M	225.1M	329.5M	378.9M	278.1M	292.0M
Accounts Payable	31.7M	29.9M	33.9M	33.2M	31.9M	33.5M
Cash	8.4M	8.4M	68.7M	2.3M	35.6M	37.4M
Non Current Assets Total	528.9M	463.1M	574.0M	768.5M	209K	198.6K
Non Currrent Assets Other	11.7M	2.1M	4.1M	11.7M	(168.9M)	(160.4M)
Cash And Short Term Investments	8.4M	8.4M	68.7M	2.3M	35.6M	37.4M
Net Receivables	109.1M	161.3M	128.4M	153.6M	152.1M	99.2M
Common Stock Shares Outstanding	17.4M	34.0M	31.0M	27.7M	27.7M	18.7M
Liabilities And Stockholders Equity	676.7M	651.7M	796.6M	954.4M	997.6M	536.6M
Non Current Liabilities Total	252.7M	159.2M	263.4M	380.7M	378.0M	206.6M
Inventory	3.1M	3.3M	3.5M	4.8M	5.6M	3.9M
Other Current Assets	27.2M	15.5M	22.1M	25.2M	20.5M	15.2M
Other Stockholder Equity	126.4M	125.7M	46.4M	23.5M	149.1M	94.8M
Total Liab	386.1M	302.0M	419.5M	551.0M	559.2M	320.0M
Property Plant And Equipment Gross	391.5M	518.4M	619.7M	692.5M	729.4M	365.5M
Total Current Assets	147.8M	188.5M	222.7M	185.9M	213.9M	140.7M
Accumulated Other Comprehensive Income	(2.3M)	(1.3M)	1.1M	816K	1.0M	1.1M
Short Term Debt	31.5M	28.4M	42.4M	60.4M	75.3M	38.1M
Intangible Assets	24.5M	20.5M	48.2M	99.6M	90.1M	94.6M
Other Assets	36.1M	9.5M	5.1M	1.2B	783.5M	822.7M
Other Liab	103.2M	172.6M	113.3M	126.2M	145.1M	127.5M
Net Tangible Assets	278.0M	223.6M	266.3M	270.7M	243.7M	210.2M
Long Term Debt	47.9M	20.3M	90.4M	196.9M	187.1M	110.4M
Capital Surpluse	142.2M	141.9M	143.4M	149.4M	171.8M	156.2M
Capital Lease Obligations	54.9M	48.2M	70.4M	48.9M	45.6M	54.9M
Long Term Investments	34.4M	44.2M	54.7M	66.3M	77.4M	45.7M
Short Long Term Debt	8.8M	5.7M	18.9M	47.7M	64.2M	34.3M

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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:

How To Invest In Covenant

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Is Covenant Stock a good investment?

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What is Covenant Logistics' Net Worth?

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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

(0.45)

Dividend Share

0.22

Earnings Share

1.28

Revenue Per Share

43.01

Quarterly Revenue Growth

0.012

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.

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Covenant Historical Balance Sheet

Covenant Logistics Inventory

3.91 Million

About Covenant Balance Sheet Analysis

Covenant Logistics Balance Sheet Chart

Total Assets

Total Current Liabilities

Covenant Logistics balance sheet Correlations

Covenant Logistics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Covenant Logistics balance sheet Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.98	Short Long Term Debt Total
Total Liab	+ 0.97	Non Current Liabilities Total
Property Plant And Equipment Gross	+ 0.95	Total Assets
Non Current Liabilities Total	+ 0.95	Property Plant And Equipment Net
Total Current Assets	+ 0.95	Net Receivables

Intangible Assets	- 0.64	Non Currrent Assets Other
Common Stock	- 0.63	Non Currrent Assets Other
Cash And Short Term Investments	- 0.48	Non Currrent Assets Other
Non Currrent Assets Other	- 0.48	Cash
Common Stock Total Equity	- 0.43	Non Currrent Assets Other
Other Stockholder Equity	- 0.43	Other Current Liab