Covenant Logistics Group
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Covenant Logistics Group's balance sheet done over the years? Its assets were worth $954,438,000 last year, which is more than in the previous period. 58% of Covenant Logistics Group’s total assets is currently financed by debt. Its liabilities reached the amount of $551,018,000, which means an increase by 31% compared compared to last year.
Debt to Assets
| 2014 | 553716000 | 384.51M | 69.44% |
|---|---|---|---|
| 2015 | 646329000 | 444.16M | 68.72% |
| 2016 | 619788000 | 383.37M | 61.86% |
| 2017 | 649668000 | 354.46M | 54.56% |
| 2018 | 773524000 | 430.38M | 55.64% |
| 2019 | 881850000 | 531.74M | 60.3% |
| 2020 | 676716000 | 386.07M | 57.05% |
| 2021 | 651662000 | 301.96M | 46.34% |
| 2022 | 796645000 | 419.51M | 52.66% |
| 2023 | 954438000 | 551.01M | 57.73% |
CVLG Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 2.29M | 68.66M | 8.41M | 8.40M | 43.59M | 23.12M | 15.35M | 7.75M | 4.49M | 21.33M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 153.61M | 128.40M | 161.33M | 109.07M | 181.73M | 168.87M | 130.76M | 109.64M | 130.03M | 103.02M |
Inventory | 4.84M | 3.51M | 3.32M | 3.11M | 4.21M | 4.06M | 4.23M | 3.98M | 4.00M | 4.40M |
Other current assets | 25.19M | 367K | 15.46M | 265K | 1.13M | 1.43M | 11.96M | 13.58M | 34.30M | 13.29M |
Total current assets | 185.94M | 222.65M | 188.52M | 147.79M | 254.38M | 211.64M | 162.31M | 134.96M | 172.83M | 156.76M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 514.65M | 407.73M | 346.48M | 391.45M | 517.20M | 450.59M | 464.07M | 465.47M | 454.04M | 382.49M |
Goodwill | 75.74M | 58.21M | 42.51M | 42.51M | 42.51M | 41.59M | 0 | 0 | 0 | 0 |
Intangible assets | 99.61M | 48.16M | 20.47M | 24.51M | 29.61M | 32.53M | 0 | 0 | 169K | 235K |
Long term investments | 66.32M | 54.72M | 44.19M | 34.36M | 31.90M | 26.10M | 20.14M | 18.52M | 16.78M | 12.19M |
Other non-current assets | 11.74M | 4.11M | 2.13M | 11.68M | -73.54M | -66.15M | 3.13M | -28.85M | 1.98M | 491K |
Total non-current assets | 768.49M | 573.98M | 463.13M | 528.92M | 627.25M | 561.88M | 487.35M | 485.57M | 474.58M | 397.25M |
Total assets | 954.43M | 796.64M | 651.66M | 676.71M | 881.85M | 773.52M | 649.66M | 619.78M | 646.32M | 553.71M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 83.9M | 68.75M | 53.64M | 0 | 41.56M | 43.78M | 47.27M | 57.03M |
Short term debt | 60.38M | 42.40M | 28.38M | 31.46M | 81.68M | 35.94M | 27.55M | 27.57M | 48.12M | 29.43M |
Total current liabilities | 170.29M | 156.12M | 142.74M | 133.38M | 161.25M | 127.33M | 81.22M | 87.78M | 126.47M | 104.08M |
| Non-current liabilities: | ||||||||||
Long term debt | 233.08M | 137.22M | 45.87M | 80.11M | 267.06M | 201.75M | 186.24M | 188.43M | 206.60M | 172.90M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 147.64M | 27.45M | 2.14M | 9.79M | 2.57M | 1.63M | 87.00M | 2.88M | 34.75M | 96.03M |
Total non-current liabilities | 380.72M | 263.39M | 159.21M | 252.69M | 370.27M | 303.05M | 273.24M | 296.34M | 318.79M | 280.72M |
Total liabilities | 551.01M | 419.51M | 301.96M | 386.07M | 531.74M | 430.38M | 354.46M | 383.37M | 444.16M | 384.51M |
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