Covenant Logistics Group, Inc. (CVLG) — Net Asset Quality Index
Covenant Logistics Group, Inc. (CVLG) has a Net Asset Quality Index of 41.3% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $1.03 Billion minus total liabilities of $601.89 Million yields net assets of $423.72 Million. A higher index indicates a stronger, lower-leverage balance sheet. Check financial resilience of Covenant Logistics Group, Inc. to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
Covenant Logistics Group, Inc. Net Asset Quality Index Over Time (1994–2024)
This chart shows how Covenant Logistics Group, Inc.'s Net Asset Quality Index has evolved across 31 annual periods from 1994 to 2024. As of September 2025, the index stands at 41.3%, representing net assets of $423.72 Million against total assets of $1.03 Billion USD. See how liquid is Covenant Logistics Group, Inc.'s working capital to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for Covenant Logistics Group, Inc. (1994–2024)
The table below presents the year-by-year Net Asset Quality Index for Covenant Logistics Group, Inc. from 1994 to 2024, covering 31 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see Covenant Logistics Group, Inc. (CVLG) market capitalisation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 43.9% | $438.34 Million | $997.57 Million | $559.23 Million | ▲ +1.7 pp |
| 2023 | 42.3% | $403.42 Million | $954.44 Million | $551.02 Million | ▼ -5.1 pp |
| 2022 | 47.3% | $377.13 Million | $796.64 Million | $419.52 Million | ▼ -6.3 pp |
| 2021 | 53.7% | $349.70 Million | $651.66 Million | $301.96 Million | ▲ +10.7 pp |
| 2020 | 42.9% | $290.64 Million | $676.72 Million | $386.07 Million | ▲ +3.2 pp |
| 2019 | 39.7% | $350.11 Million | $881.85 Million | $531.74 Million | ▼ -4.7 pp |
| 2018 | 44.4% | $343.14 Million | $773.52 Million | $430.38 Million | ▼ -1.1 pp |
| 2017 | 45.4% | $295.20 Million | $649.67 Million | $354.47 Million | ▲ +7.3 pp |
| 2016 | 38.1% | $236.41 Million | $619.79 Million | $383.38 Million | ▲ +6.9 pp |
| 2015 | 31.3% | $202.16 Million | $646.33 Million | $444.17 Million | ▲ +0.7 pp |
| 2014 | 30.6% | $169.20 Million | $553.72 Million | $384.51 Million | ▲ +9.2 pp |
| 2013 | 21.4% | $100.36 Million | $469.74 Million | $369.38 Million | ▼ -2.3 pp |
| 2012 | 23.7% | $94.67 Million | $400.23 Million | $305.56 Million | ▲ +3.9 pp |
| 2011 | 19.8% | $87.06 Million | $439.82 Million | $352.77 Million | ▼ -3.5 pp |
| 2010 | 23.3% | $100.70 Million | $432.37 Million | $331.67 Million | ▼ -0.5 pp |
| 2009 | 23.8% | $94.67 Million | $398.31 Million | $303.64 Million | ▼ -6.4 pp |
| 2008 | 30.2% | $118.82 Million | $393.68 Million | $274.86 Million | ▼ -9.0 pp |
| 2007 | 39.2% | $172.27 Million | $439.79 Million | $267.53 Million | ▼ -0.6 pp |
| 2006 | 39.7% | $188.84 Million | $475.09 Million | $286.25 Million | ▼ -11.4 pp |
| 2005 | 51.1% | $189.72 Million | $371.26 Million | $181.54 Million | ▼ -3.3 pp |
| 2004 | 54.4% | $195.70 Million | $360.03 Million | $164.33 Million | ▲ +0.1 pp |
| 2003 | 54.2% | $192.14 Million | $354.28 Million | $162.14 Million | ▲ +5.7 pp |
| 2002 | 48.6% | $175.59 Million | $361.54 Million | $185.95 Million | ▲ +2.3 pp |
| 2001 | 46.3% | $161.90 Million | $349.78 Million | $187.88 Million | ▲ +3.3 pp |
| 2000 | 43.0% | $167.82 Million | $390.51 Million | $222.69 Million | ▲ +0.3 pp |
| 1999 | 42.7% | $163.85 Million | $383.97 Million | $220.12 Million | ▼ -9.2 pp |
| 1998 | 51.8% | $141.52 Million | $272.96 Million | $131.44 Million | ▲ +7.4 pp |
| 1997 | 44.4% | $95.60 Million | $215.26 Million | $119.66 Million | ▲ +0.7 pp |
| 1996 | 43.7% | $81.73 Million | $187.15 Million | $105.42 Million | ▼ -12.7 pp |
| 1995 | 56.4% | $63.50 Million | $112.60 Million | $49.10 Million | ▲ +0.0 pp |
| 1994 | 56.4% | $63.50 Million | $112.60 Million | $49.10 Million | — |