Covenant Logistics Group, Inc. Capital Reinvestment Ratio
Covenant Logistics Group, Inc. capital reinvestment ratio. Covenant Logistics Group, Inc. (CVLG) has a Capital Reinvestment Ratio of 1.19x as of September 2025, meaning it reinvests 1% of its operating cash flow ($41.36 Million) in capital expenditures ($49.18 Million). See CVLG FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Covenant Logistics Group, Inc. (1994–2024)
Capital reinvestment ratio of Covenant Logistics Group, Inc. from 1994 to 2024. This chart tracks Covenant Logistics Group, Inc.'s Capital Reinvestment Ratio across 31 annual periods. See CVLG free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
Covenant Logistics Group, Inc. Capital Reinvestment Ratio by Year (1994–2024)
Covenant Logistics Group, Inc. capital reinvestment ratio by year from 1994 to 2024. For the full cash flow conversion analysis, see CVLG cash flow conversion.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 1.24x | $122.89 Million | $152.96 Million | ▼ -51.5% |
| 2023 | 2.56x | $84.84 Million | $217.61 Million | ▲ +306.5% |
| 2022 | 0.63x | $159.23 Million | $100.47 Million | ▲ +30.9% |
| 2021 | 0.48x | $73.22 Million | $35.28 Million | ▼ -67.7% |
| 2020 | 1.49x | $63.04 Million | $94.05 Million | ▼ -30.9% |
| 2019 | 2.16x | $64.03 Million | $138.27 Million | ▲ +258.7% |
| 2018 | 0.60x | $124.80 Million | $75.14 Million | ▼ -55.0% |
| 2017 | 1.34x | $82.85 Million | $110.80 Million | ▲ +21.4% |
| 2016 | 1.10x | $102.43 Million | $112.79 Million | ▼ -48.3% |
| 2015 | 2.13x | $85.48 Million | $181.96 Million | ▼ -4.1% |
| 2014 | 2.22x | $73.74 Million | $163.68 Million | ▼ -33.9% |
| 2013 | 3.36x | $40.45 Million | $135.90 Million | ▲ +343.1% |
| 2012 | 0.76x | $55.10 Million | $41.79 Million | ▼ -78.8% |
| 2011 | 3.58x | $32.06 Million | $114.80 Million | ▲ +84.7% |
| 2010 | 1.94x | $70.84 Million | $137.35 Million | ▼ -47.0% |
| 2009 | 3.66x | $30.90 Million | $113.06 Million | ▲ +65.7% |
| 2008 | 2.21x | $40.31 Million | $89.02 Million | ▲ +15.9% |
| 2007 | 1.91x | $33.72 Million | $64.26 Million | ▼ -29.0% |
| 2006 | 2.68x | $60.66 Million | $162.75 Million | ▼ -37.6% |
| 2005 | 4.30x | $25.57 Million | $109.92 Million | ▲ +132.3% |
| 2004 | 1.85x | $44.11 Million | $81.61 Million | ▼ -6.4% |
| 2003 | 1.98x | $47.72 Million | $94.36 Million | ▲ +87.8% |
| 2002 | 1.05x | $67.17 Million | $70.72 Million | ▲ +40.0% |
| 2001 | 0.75x | $73.76 Million | $55.47 Million | ▼ -48.8% |
| 2000 | 1.47x | $48.66 Million | $71.43 Million | ▼ -35.8% |
| 1999 | 2.29x | $44.48 Million | $101.65 Million | ▲ +13.2% |
| 1998 | 2.02x | $39.90 Million | $80.52 Million | ▲ +65.2% |
| 1997 | 1.22x | $45.25 Million | $55.28 Million | ▼ -2.7% |
| 1996 | 1.26x | $39.13 Million | $49.14 Million | ▼ -84.2% |
| 1995 | 7.96x | $9.10 Million | $72.40 Million | ▲ +128.6% |
| 1994 | 3.48x | $15.40 Million | $53.60 Million | — |