Covenant Logistics Group, Inc. Total Assets
Covenant Logistics Group, Inc. total assets. Based on the latest financial reports, Covenant Logistics Group, Inc. (CVLG) holds total assets worth $1.03 Billion USD as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Also see Covenant Logistics Group, Inc. stock valuation for the company's overall valuation and market capitalisation.
Total Assets of Covenant Logistics Group, Inc. (1994–2024)
Total assets of Covenant Logistics Group, Inc. from 1994 to 2024. This chart illustrates how Covenant Logistics Group, Inc.'s total assets have evolved over time, based on quarterly financial data. See Covenant Logistics Group, Inc. stock quote for real-time trading data and today's change.
Covenant Logistics Group, Inc. - Asset Composition Analysis
Covenant Logistics Group, Inc. Total Assets Breakdown (December 2024)
Covenant Logistics Group, Inc. total assets breakdown as of December 2024. Covenant Logistics Group, Inc.'s total assets of $1.03 Billion consist of 21.4% current assets and 78.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.6% |
| Accounts Receivable | $152.13 Million | 15.3% |
| Inventory | $5.65 Million | 0.6% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $90.13 Million | 9.0% |
| Goodwill | $78.94 Million | 7.9% |
Asset Composition Trend (1994–2024)
This chart illustrates how Covenant Logistics Group, Inc.'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. Explore CVLG working capital efficiency to assess how much short-term liquidity the company maintains relative to its equity base.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Covenant Logistics Group, Inc.'s current assets represent 21.4% of total assets in 2024, a decrease from 21.8% in 1994.
- Cash Position: Cash and equivalents constituted 3.6% of total assets in 2024, down from 4.4% in 1994.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 16.0% of total assets, an increase from 0.0% in 1994.
- Asset Diversification: The largest asset category is accounts receivable at 15.3% of total assets.
Covenant Logistics Group, Inc. Competitors by Total Assets
Key competitors of Covenant Logistics Group, Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
RXO Inc.
NYSE:RXO
|
USA | $3.46 Million |
|
GuangDong GenSho Logistics Co
SHG:603813
|
China | CN¥1.52 Billion |
|
Lindsay Australia Ltd
AU:LAU
|
Australia | AU$767.23 Million |
|
TFI International Inc
TO:TFII
|
Canada | CA$7.49 Billion |
|
Mullen Group Ltd.
TO:MTL
|
Canada | CA$2.57 Billion |
|
Deppon Logistics Co Ltd
SHG:603056
|
China | CN¥16.14 Billion |
|
Dazhong Transportation Group Co Ltd A
SHG:600611
|
China | CN¥19.32 Billion |
|
Hengtong Logistic Co Ltd
SHG:603223
|
China | CN¥5.33 Billion |
Covenant Logistics Group, Inc. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.39 | 1.10 | 1.11 |
| Quick Ratio | 1.36 | 1.07 | 1.08 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $75.90 Million | $20.10 Million | $14.41 Million |
Covenant Logistics Group, Inc. - Advanced Valuation Insights
This section examines the relationship between Covenant Logistics Group, Inc.'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.97 |
| Latest Market Cap to Assets Ratio | 0.44 |
| Asset Growth Rate (YoY) | 4.5% |
| Total Assets | $997.57 Million |
| Market Capitalization | $441.94 Million USD |
Valuation Analysis
Below Book Valuation: The market values Covenant Logistics Group, Inc.'s assets below their book value (0.44x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Covenant Logistics Group, Inc.'s assets grew by 4.5% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Covenant Logistics Group, Inc. (1994–2024)
The table below shows the annual total assets of Covenant Logistics Group, Inc. from 1994 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $997.57 Million | +4.52% |
| 2023-12-31 | $954.44 Million | +19.81% |
| 2022-12-31 | $796.64 Million | +22.25% |
| 2021-12-31 | $651.66 Million | -3.70% |
| 2020-12-31 | $676.72 Million | -23.26% |
| 2019-12-31 | $881.85 Million | +14.00% |
| 2018-12-31 | $773.52 Million | +19.06% |
| 2017-12-31 | $649.67 Million | +4.82% |
| 2016-12-31 | $619.79 Million | -4.11% |
| 2015-12-31 | $646.33 Million | +16.73% |
| 2014-12-31 | $553.72 Million | +17.88% |
| 2013-12-31 | $469.74 Million | +17.37% |
| 2012-12-31 | $400.23 Million | -9.00% |
| 2011-12-31 | $439.82 Million | +1.73% |
| 2010-12-31 | $432.37 Million | +8.55% |
| 2009-12-31 | $398.31 Million | +1.18% |
| 2008-12-31 | $393.68 Million | -10.49% |
| 2007-12-31 | $439.79 Million | -7.43% |
| 2006-12-31 | $475.09 Million | +27.97% |
| 2005-12-31 | $371.26 Million | +3.12% |
| 2004-12-31 | $360.03 Million | +1.62% |
| 2003-12-31 | $354.28 Million | -2.01% |
| 2002-12-31 | $361.54 Million | +3.36% |
| 2001-12-31 | $349.78 Million | -10.43% |
| 2000-12-31 | $390.51 Million | +1.70% |
| 1999-12-31 | $383.97 Million | +40.67% |
| 1998-12-31 | $272.96 Million | +26.81% |
| 1997-12-31 | $215.26 Million | +15.02% |
| 1996-12-31 | $187.15 Million | +66.21% |
| 1995-12-31 | $112.60 Million | 0.00% |
| 1994-12-31 | $112.60 Million | -- |
About Covenant Logistics Group, Inc.
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. Th… Read more