Covenant Logistics (CVLG) Debt Ratio (2010 - 2026)
Covenant Logistics (CVLG) reported Debt Ratio of 0.25 for Q1 2026, up 4.92% year-over-year from 0.24 in Q1 2025, and down 12.53% on a QoQ basis from 0.29 in Q4 2025.
Covenant Logistics (CVLG) has 17 years of Debt Ratio data on file, last reported at 0.25 in Q1 2026.
- Quarterly Debt Ratio rose 4.92% year-over-year to 0.25 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.25 (up 4.92% YoY) and the FY2025 annual result came in at 0.29, up 13.16% from the prior year.
- Debt Ratio retreated 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.
- The 5-year median for Debt Ratio is 0.25 (2026), against an average of 0.21.
- Peak annual rise in Debt Ratio reached 242.85% in 2022, while the deepest fall reached 39.78% in 2022.
- Tracing CVLG's Debt Ratio over 5 years: stood at 0.14 in 2022, then soared by 86.81% to 0.26 in 2023, then fell by 1.68% to 0.25 in 2024, then grew by 13.16% to 0.29 in 2025, then slipped by 12.53% to 0.25 in 2026.
- Per Business Quant, the three latest CVLG Debt Ratio figures stand at 0.25 (Q1 2026), 0.29 (Q4 2025), and 0.26 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 47.65 Bn | 47.37 Bn | 1.33 Bn | 0.01 |
| 2 | Xpo | 25.84 Bn | 25.61 Bn | 1.67 Bn | 0.40 |
| 3 | Saia | 12.92 Bn | 12.88 Bn | - | 0.03 |
| 4 | Knight-Swift Transportation Holdings | 12.67 Bn | 12.61 Bn | 1.57 Bn | 0.10 |
| 5 | Schneider National | 6.38 Bn | 6.12 Bn | 1.27 Bn | 0.08 |
| 6 | Rxo | 4.55 Bn | 4.53 Bn | 254.00 Mn | 0.14 |
| 7 | Arcbest | 3.15 Bn | 3.06 Bn | 951.93 Mn | 0.09 |
| 8 | Werner Enterprises | 2.55 Bn | 2.51 Bn | 726.17 Mn | 0.27 |
| 9 | Marten Transport | 1.43 Bn | 1.38 Bn | 203.18 Mn | - |
| 10 | Covenant Logistics | 1.02 Bn | 1.01 Bn | 292.96 Mn | 0.25 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 0.07 |
| Mar 31, 2021 | 0.12 |
| Dec 31, 2020 | 0.08 |
| Sep 30, 2020 | 0.14 |
| Jun 30, 2020 | 0.31 |
| Mar 31, 2020 | 0.32 |
| Dec 31, 2019 | 0.29 |
| Sep 30, 2019 | 0.31 |
| Jun 30, 2019 | 0.29 |
| Mar 31, 2019 | 0.27 |
| Dec 31, 2018 | 0.25 |
| Sep 30, 2018 | 0.26 |
| Jun 30, 2018 | 0.31 |
| Mar 31, 2018 | 0.29 |
| Dec 31, 2017 | 0.29 |
| Sep 30, 2017 | 0.30 |
| Jun 30, 2017 | 0.30 |
| Mar 31, 2017 | 0.30 |
| Dec 31, 2016 | 0.33 |
| Sep 30, 2016 | 0.35 |
| Jun 30, 2016 | 0.33 |
| Mar 31, 2016 | 0.31 |
| Dec 31, 2015 | 9.10 |
| Sep 30, 2015 | 0.38 |
| Jun 30, 2015 | 0.28 |
| Mar 31, 2015 | 0.29 |
| Dec 31, 2014 | 0.41 |
| Sep 30, 2014 | 0.44 |
| Jun 30, 2014 | 0.45 |
| Mar 31, 2014 | 0.48 |
| Dec 31, 2013 | 5.90 |
| Sep 30, 2013 | 0.44 |
| Jun 30, 2013 | 0.41 |
| Mar 31, 2013 | 0.40 |
| Dec 31, 2012 | 13.45 |
| Sep 30, 2012 | 0.39 |
| Jun 30, 2012 | 0.43 |
| Mar 31, 2012 | 0.46 |
| Dec 31, 2011 | 8.09 |
| Sep 30, 2011 | 0.50 |
| Jun 30, 2011 | 0.48 |
| Dec 31, 2010 | 0.48 |