Covenant Logistics (CVLG) Asset Writedowns and Impairment (2010 - 2020)
Covenant Logistics (CVLG) posted quarterly Asset Writedowns and Impairment of $26.2 million for Q2 2020, up 8102.81% quarter-over-quarter from $320000.0 in Q1 2020.
Covenant Logistics (CVLG) Asset Writedowns and Impairment (2010 - 2020) Analysis & Trends
Covenant Logistics (CVLG) has reported Asset Writedowns and Impairment for 11 consecutive years, with $26.2 million the latest figure, recorded in Q2 2020.
- In Q2 2020, Asset Writedowns and Impairment changed N/A year-over-year to $26.2 million; the TTM figure through Sep 2021 stood at $26.2 million (down 1.16% YoY), while the FY2025 annual figure was $6.5 million, changed N/A from the prior year.
- Asset Writedowns and Impairment improved to $26.2 million in Q2 2020 per CVLG's latest filing, from $320000.0 in the prior quarter.
- Across five years, Asset Writedowns and Impairment topped out at $26.2 million in Q2 2020 and bottomed at -$334000.0 in Q2 2016.
- Historically, Asset Writedowns and Impairment has averaged $1.6 million across 5 years, with a median of $45000.0 in 2019.
- Annual changes were most pronounced in 2016 — Asset Writedowns and Impairment slumped 33500.0% — and 2018, when it soared 1108.33%.
- Covenant Logistics' Asset Writedowns and Impairment stood at $290000.0 in 2016, then slipped by 26.55% to $213000.0 in 2017, then sank by 178.87% to -$168000.0 in 2018, then jumped by 92.26% to -$13000.0 in 2019, then jumped by 202015.38% to $26.2 million in 2020.
- Business Quant data shows CVLG's Asset Writedowns and Impairment at $26.2 million in Q2 2020, $320000.0 in Q1 2020, and -$13000.0 in Q4 2019.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.90 Bn | 42.61 Bn | 1.52 Bn |
| 2 | Xpo | 23.22 Bn | 22.92 Bn | 1.89 Bn |
| 3 | TFI International | 11.64 Bn | 11.44 Bn | - |
| 4 | Knight-Swift Transportation Holdings | 11.60 Bn | 11.42 Bn | 1.77 Bn |
| 5 | Saia | 9.69 Bn | 9.61 Bn | - |
| 6 | Schneider National | 6.27 Bn | 5.74 Bn | 1.00 Bn |
| 7 | Rxo | 3.79 Bn | 3.78 Bn | 302.00 Mn |
| 8 | Arcbest | 3.14 Bn | 2.97 Bn | 1.14 Bn |
| 9 | Werner Enterprises | 2.33 Bn | 2.27 Bn | - |
| 10 | Covenant Logistics | 885.80 Mn | 883.19 Mn | 320.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2020 | 31,000.00 |
| Dec 31, 2020 | 31,000.00 |
| Jun 30, 2020 | 26.25 Mn |
| Jun 30, 2020 | 26.25 Mn |
| Mar 31, 2020 | 320,000.00 |
| Mar 31, 2020 | 320,000.00 |
| Dec 31, 2019 | -13,000.00 |
| Dec 31, 2019 | -13,000.00 |
| Sep 30, 2019 | 45,000.00 |
| Sep 30, 2019 | 45,000.00 |
| Mar 31, 2019 | -32,000.00 |
| Mar 31, 2019 | -32,000.00 |
| Dec 31, 2018 | -168,000.00 |
| Dec 31, 2018 | -168,000.00 |
| Sep 30, 2018 | 55,000.00 |
| Sep 30, 2018 | 55,000.00 |
| Jun 30, 2018 | 121,000.00 |
| Jun 30, 2018 | 121,000.00 |
| Mar 31, 2018 | -8,000.00 |
| Mar 31, 2018 | -8,000.00 |