Covenant Logistics Group, Inc. (CVLG) — Tangible Net Worth Ratio
Covenant Logistics Group, Inc. (CVLG) has a Tangible Net Worth Ratio of 74.8% as of March 2026. This metric is calculated by deducting intangible assets ($102.61 Million) from net assets ($407.60 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See working capital to net assets of Covenant Logistics Group, Inc. to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Covenant Logistics Group, Inc. Tangible Net Worth Ratio (1994–2025)
This chart shows how Covenant Logistics Group, Inc.'s Tangible Net Worth Ratio has changed across 32 annual periods from 1994 to 2025. As of March 2026, the ratio stands at 74.8%, reflecting net assets of $407.60 Million with intangible assets of $102.61 Million USD. See CVLG defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Covenant Logistics Group, Inc. (1994–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Covenant Logistics Group, Inc. from 1994 to 2025, covering 32 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Covenant Logistics Group, Inc. market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 73.9% | $404.00 Million | $105.61 Million | $1.10 Billion | ▼ -5.6 pp |
| 2024 | 79.4% | $438.34 Million | $90.13 Million | $997.57 Million | ▲ +4.1 pp |
| 2023 | 75.3% | $403.42 Million | $99.61 Million | $954.44 Million | ▼ -11.9 pp |
| 2022 | 87.2% | $377.13 Million | $48.17 Million | $796.64 Million | ▼ -6.9 pp |
| 2021 | 94.1% | $349.70 Million | $20.48 Million | $651.66 Million | ▲ +2.6 pp |
| 2020 | 91.6% | $290.64 Million | $24.52 Million | $676.72 Million | ▲ +0.0 pp |
| 2019 | 91.5% | $350.11 Million | $29.61 Million | $881.85 Million | ▲ +1.0 pp |
| 2018 | 90.5% | $343.14 Million | $32.54 Million | $773.52 Million | ▼ -9.5 pp |
| 2017 | 100.0% | $295.20 Million | $0.00 | $649.67 Million | ▲ +0.0 pp |
| 2016 | 100.0% | $236.41 Million | $0.00 | $619.79 Million | ▲ +0.1 pp |
| 2015 | 99.9% | $202.16 Million | $169.00K | $646.33 Million | ▲ +0.1 pp |
| 2014 | 99.9% | $169.20 Million | $235.00K | $553.72 Million | ▲ +0.2 pp |
| 2013 | 99.7% | $100.36 Million | $326.00K | $469.74 Million | ▲ +0.3 pp |
| 2012 | 99.4% | $94.67 Million | $553.00K | $400.23 Million | ▼ -0.6 pp |
| 2011 | 100.0% | $87.06 Million | $0.00 | $439.82 Million | ▲ +0.0 pp |
| 2010 | 100.0% | $100.70 Million | $0.00 | $432.37 Million | ▲ +0.0 pp |
| 2009 | 100.0% | $94.67 Million | $0.00 | $398.31 Million | ▲ +0.0 pp |
| 2008 | 100.0% | $118.82 Million | $0.00 | $393.68 Million | ▲ +0.0 pp |
| 2007 | 100.0% | $172.27 Million | $0.00 | $439.79 Million | ▲ +0.0 pp |
| 2006 | 100.0% | $188.84 Million | $0.00 | $475.09 Million | ▲ +0.0 pp |
| 2005 | 100.0% | $189.72 Million | $0.00 | $371.26 Million | ▲ +0.0 pp |
| 2004 | 100.0% | $195.70 Million | $0.00 | $360.03 Million | ▲ +0.0 pp |
| 2003 | 100.0% | $192.14 Million | $0.00 | $354.28 Million | ▲ +0.0 pp |
| 2002 | 100.0% | $175.59 Million | $0.00 | $361.54 Million | ▲ +0.0 pp |
| 2001 | 100.0% | $161.90 Million | $0.00 | $349.78 Million | ▲ +0.0 pp |
| 2000 | 100.0% | $167.82 Million | $0.00 | $390.51 Million | ▲ +8.0 pp |
| 1999 | 92.0% | $163.85 Million | $13.18 Million | $383.97 Million | ▼ -5.0 pp |
| 1998 | 97.0% | $141.52 Million | $4.29 Million | $272.96 Million | ▲ +0.8 pp |
| 1997 | 96.1% | $95.60 Million | $3.69 Million | $215.26 Million | ▼ -3.6 pp |
| 1996 | 99.7% | $81.73 Million | $253.00K | $187.15 Million | ▼ -0.3 pp |
| 1995 | 100.0% | $63.50 Million | $0.00 | $112.60 Million | ▲ +0.0 pp |
| 1994 | 100.0% | $63.50 Million | $0.00 | $112.60 Million | — |