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. See Covenant Logistics Group, Inc. (CVLG) defensive interval to measure how many days the company can operate on defensive assets alone.
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. Explore Covenant Logistics Group, Inc. (CVLG) cash flow conversion to assess how effectively this company generates cash.
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. stock valuation.
| 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 | — |