Covenant Logistics Group, Inc. (CVLG) — Capital Reinvestment Ratio
Covenant Logistics Group, Inc. (CVLG) has a Capital Reinvestment Ratio of 0.39x as of March 2026, meaning it reinvests 0% of its operating cash flow ($28.96 Million) in capital expenditures ($11.37 Million). Check Covenant Logistics Group, Inc. (CVLG) tangible net worth to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Covenant Logistics Group, Inc. Capital Reinvestment Ratio (1994–2025)
This chart tracks Covenant Logistics Group, Inc.'s Capital Reinvestment Ratio across 32 annual periods. For the full cash flow conversion analysis, see how efficiently does Covenant Logistics Group, Inc. generate cash.
Annual Capital Reinvestment Ratio for Covenant Logistics Group, Inc. (1994–2025)
Year-by-year Capital Reinvestment Ratio for Covenant Logistics Group, Inc. from 1994 to 2025. See CVLG free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.30x | $113.65 Million | $147.57 Million | ▲ +4.3% |
| 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 | — |