Covenant Logistics Group, Inc. (CVLG) — Working Capital to Net Assets Ratio
Covenant Logistics Group, Inc. (CVLG) has a Working Capital to Net Assets ratio of 17.9% as of September 2025. Working capital of $75.90 Million (current assets of $268.34 Million minus current liabilities of $192.44 Million) is measured against net assets of $423.72 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See defensive interval ratio of Covenant Logistics Group, Inc. to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Covenant Logistics Group, Inc. Working Capital to Net Assets (1994–2024)
This chart shows how Covenant Logistics Group, Inc.'s Working Capital to Net Assets ratio has evolved across 31 annual periods from 1994 to 2024. As of September 2025, the ratio stands at 17.9%, reflecting working capital of $75.90 Million against net assets of $423.72 Million USD. For the complete balance sheet picture, see Covenant Logistics Group, Inc. assets under control.
Annual Working Capital to Net Assets for Covenant Logistics Group, Inc. (1994–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Covenant Logistics Group, Inc. from 1994 to 2024, covering 31 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check CVLG cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 7.4% | $32.57 Million | $438.34 Million | $213.85 Million | $181.28 Million | ▲ +3.6 pp |
| 2023 | 3.9% | $15.65 Million | $403.42 Million | $185.94 Million | $170.29 Million | ▼ -13.8 pp |
| 2022 | 17.6% | $66.53 Million | $377.13 Million | $222.66 Million | $156.12 Million | ▲ +4.6 pp |
| 2021 | 13.1% | $45.78 Million | $349.70 Million | $188.53 Million | $142.75 Million | ▲ +8.1 pp |
| 2020 | 5.0% | $14.41 Million | $290.64 Million | $147.80 Million | $133.38 Million | ▼ -21.6 pp |
| 2019 | 26.6% | $93.13 Million | $350.11 Million | $254.38 Million | $161.26 Million | ▲ +2.0 pp |
| 2018 | 24.6% | $84.31 Million | $343.14 Million | $211.64 Million | $127.33 Million | ▼ -2.9 pp |
| 2017 | 27.5% | $81.09 Million | $295.20 Million | $162.31 Million | $81.22 Million | ▲ +7.5 pp |
| 2016 | 20.0% | $47.18 Million | $236.41 Million | $134.96 Million | $87.78 Million | ▼ -3.0 pp |
| 2015 | 22.9% | $46.37 Million | $202.16 Million | $172.84 Million | $126.47 Million | ▼ -8.2 pp |
| 2014 | 31.1% | $52.68 Million | $169.20 Million | $156.76 Million | $104.09 Million | ▲ +17.1 pp |
| 2013 | 14.0% | $14.07 Million | $100.36 Million | $123.45 Million | $109.38 Million | ▲ +35.1 pp |
| 2012 | -21.1% | $-19.98 Million | $94.67 Million | $108.31 Million | $128.29 Million | ▲ +27.3 pp |
| 2011 | -48.4% | $-42.10 Million | $87.06 Million | $108.40 Million | $150.50 Million | ▼ -17.8 pp |
| 2010 | -30.5% | $-30.75 Million | $100.70 Million | $91.14 Million | $121.88 Million | ▼ -11.7 pp |
| 2009 | -18.8% | $-17.85 Million | $94.67 Million | $101.83 Million | $119.67 Million | ▼ -33.9 pp |
| 2008 | 15.0% | $17.85 Million | $118.82 Million | $127.29 Million | $109.44 Million | ▼ -0.5 pp |
| 2007 | 15.5% | $26.69 Million | $172.27 Million | $136.75 Million | $110.06 Million | ▼ -2.1 pp |
| 2006 | 17.6% | $33.16 Million | $188.84 Million | $143.37 Million | $110.21 Million | ▲ +9.4 pp |
| 2005 | 8.2% | $15.47 Million | $189.72 Million | $130.10 Million | $114.63 Million | ▲ +0.4 pp |
| 2004 | 7.7% | $15.15 Million | $195.70 Million | $127.34 Million | $112.18 Million | ▲ +3.0 pp |
| 2003 | 4.7% | $9.12 Million | $192.14 Million | $109.43 Million | $100.31 Million | ▲ +20.5 pp |
| 2002 | -15.7% | $-27.65 Million | $175.59 Million | $99.93 Million | $127.58 Million | ▼ -8.5 pp |
| 2001 | -7.2% | $-11.67 Million | $161.90 Million | $93.58 Million | $105.25 Million | ▼ -17.1 pp |
| 2000 | 9.9% | $16.60 Million | $167.82 Million | $109.27 Million | $92.67 Million | ▼ -31.1 pp |
| 1999 | 40.9% | $67.09 Million | $163.85 Million | $99.30 Million | $32.21 Million | ▲ +8.2 pp |
| 1998 | 32.8% | $46.37 Million | $141.52 Million | $66.12 Million | $19.75 Million | ▲ +0.7 pp |
| 1997 | 32.1% | $30.68 Million | $95.60 Million | $47.37 Million | $16.69 Million | ▼ -8.5 pp |
| 1996 | 40.6% | $33.16 Million | $81.73 Million | $41.59 Million | $8.42 Million | ▲ +27.5 pp |
| 1995 | 13.1% | $8.30 Million | $63.50 Million | $24.50 Million | $16.20 Million | ▲ +0.0 pp |
| 1994 | 13.1% | $8.30 Million | $63.50 Million | $24.50 Million | $16.20 Million | — |