Covenant Logistics (CVLG) Debt Ratio (2010 - 2026)
Covenant Logistics (CVLG) posted quarterly Debt Ratio of 0.25 for Q1 2026, up 4.92% year-over-year from 0.24 in Q1 2025, and down 12.53% quarter-over-quarter from 0.29 in Q4 2025.
Covenant Logistics (CVLG) Debt Ratio (2010 - 2026) Analysis & Trends
Covenant Logistics (CVLG) has reported Debt Ratio for 17 consecutive years, with 0.25 the latest figure, recorded in Q1 2026.
- In Q1 2026, Debt Ratio rose 4.92% year-over-year to 0.25; the TTM figure through Mar 2026 stood at 0.25 (up 4.92% YoY), while the FY2025 annual figure was 0.29, up 13.16% from the prior year.
- Debt Ratio eased to 0.25 in Q1 2026 per CVLG's latest filing, from 0.29 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.29 in Q4 2025 and bottomed at 0.07 in Q1 2022.
- Historically, Debt Ratio has averaged 0.21 across 5 years, with a median of 0.25 in 2026.
- On a YoY basis, Debt Ratio climbed as much as 242.85% in 2022 and fell as far as 39.78% in 2022.
- Covenant Logistics' Debt Ratio stood at 0.14 in 2022, then soared by 86.81% to 0.26 in 2023, then slipped by 1.68% to 0.25 in 2024, then gained by 13.16% to 0.29 in 2025, then fell by 12.53% to 0.25 in 2026.
- Business Quant data shows CVLG's Debt Ratio at 0.25 in Q1 2026, 0.29 in Q4 2025, and 0.26 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.90 Bn | 42.61 Bn | 1.52 Bn | 0.00 |
| 2 | Xpo | 23.22 Bn | 22.92 Bn | 1.89 Bn | 0.38 |
| 3 | TFI International | 11.64 Bn | 11.44 Bn | - | 0.31 |
| 4 | Knight-Swift Transportation Holdings | 11.60 Bn | 11.42 Bn | 1.77 Bn | 0.04 |
| 5 | Saia | 9.69 Bn | 9.61 Bn | - | 0.03 |
| 6 | Schneider National | 6.27 Bn | 5.74 Bn | 1.00 Bn | 0.08 |
| 7 | Rxo | 3.79 Bn | 3.78 Bn | 302.00 Mn | 0.14 |
| 8 | Arcbest | 3.14 Bn | 2.97 Bn | 1.14 Bn | 0.09 |
| 9 | Werner Enterprises | 2.33 Bn | 2.27 Bn | - | 0.25 |
| 10 | Covenant Logistics | 885.80 Mn | 883.19 Mn | 320.47 Mn | 0.29 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.29 |
| Mar 31, 2026 | 0.25 |
| Dec 31, 2025 | 0.29 |
| Sep 30, 2025 | 0.26 |
| Jun 30, 2025 | 0.26 |
| Mar 31, 2025 | 0.24 |
| Dec 31, 2024 | 0.25 |
| Sep 30, 2024 | 0.26 |
| Jun 30, 2024 | 0.27 |
| Mar 31, 2024 | 0.26 |
| Dec 31, 2023 | 0.26 |
| Sep 30, 2023 | 0.21 |
| Jun 30, 2023 | 0.22 |
| Mar 31, 2023 | 0.15 |
| Dec 31, 2022 | 0.14 |
| Sep 30, 2022 | 0.11 |
| Jun 30, 2022 | 0.08 |
| Mar 31, 2022 | 0.07 |
| Dec 31, 2021 | 0.04 |
| Sep 30, 2021 | 0.04 |