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 2.2% as of March 2026. Working capital of $8.96 Million (current assets of $211.13 Million minus current liabilities of $202.17 Million) is measured against net assets of $407.60 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See CVLG net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Covenant Logistics Group, Inc. Working Capital to Net Assets (1994–2025)
This chart shows how Covenant Logistics Group, Inc.'s Working Capital to Net Assets ratio has evolved across 32 annual periods from 1994 to 2025. As of March 2026, the ratio stands at 2.2%, reflecting working capital of $8.96 Million against net assets of $407.60 Million USD. Check how tangible is Covenant Logistics Group, Inc.'s equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Covenant Logistics Group, Inc. (1994–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Covenant Logistics Group, Inc. from 1994 to 2025, covering 32 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. For live market cap and the full company profile, see Covenant Logistics Group, Inc. (CVLG) total market value.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 5.7% | $22.84 Million | $404.00 Million | $232.82 Million | $209.98 Million | ▼ -1.8 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 | — |