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
Covenant Logistics Group, Inc. (CVLG) - Total Assets
Latest total assets as of December 2025: $1.05 Billion USD
Based on the latest financial reports, Covenant Logistics Group, Inc. (CVLG) holds total assets worth $1.05 Billion USD as of December 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.
Covenant Logistics Group, Inc. - Total Assets Trend (1994–2024)
This chart illustrates how Covenant Logistics Group, Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Covenant Logistics Group, Inc. - Asset Composition Analysis
Current Asset Composition (December 2024)
Covenant Logistics Group, Inc.'s total assets of $1.05 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.
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 |
|---|---|---|
|
Samil Co.Ltd
KQ:032280
|
Korea | ₩106.14 Billion |
|
Kerry TJ Logistics Co Ltd
TW:2608
|
Taiwan | NT$24.85 Billion |
|
Chung Lien Transportation Co Ltd
TWO:5604
|
Taiwan | NT$2.61 Billion |
|
Dazhong Transportation Group Co Ltd A
SHG:600611
|
China | CN¥19.32 Billion |
|
Shanghai Jin Jiang International Industrial Investment Co Ltd A
SHG:600650
|
China | CN¥5.59 Billion |
|
Shanghai Qiangsheng Holding Co Ltd
SHG:600662
|
China | CN¥15.27 Billion |
|
Deppon Logistics Co Ltd
SHG:603056
|
China | CN¥16.14 Billion |
|
Hengtong Logistic Co Ltd
SHG:603223
|
China | CN¥5.40 Billion |
Covenant Logistics Group, Inc. - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Covenant Logistics Group, Inc. generates 1.13x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Covenant Logistics Group, Inc. generates $ 3.60 in net profit.
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 | 1.01 | 1.10 | 1.11 |
| Quick Ratio | 0.98 | 1.07 | 1.08 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $2.13 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 | 1.69 |
| Latest Market Cap to Assets Ratio | 0.37 |
| Asset Growth Rate (YoY) | 4.5% |
| Total Assets | $997.57 Million |
| Market Capitalization | $367.33 Million USD |
Valuation Analysis
Below Book Valuation: The market values Covenant Logistics Group, Inc.'s assets below their book value (0.37 x), 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 | -- |