Covenant Logistics (CVLG) Debt Ratio (2010 - 2026)
Covenant Logistics' (CVLG) Debt Ratio was 0.29 for Q2 2026, up 8.6% from 0.26 a year earlier and up 15.3% from the prior quarter.
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Analysis
Covenant Logistics (CVLG) Debt Ratio (2010 - 2026) Analysis & Trends
Dating back to Q4 2010, Covenant Logistics' Debt Ratio record includes 62 quarters.
- By year, Debt Ratio came in at 0.25 in FY2024 (-1.7%), 0.26 in FY2023 (+86.8%), 0.14 in FY2022 (+242.9%) and 0.04 in FY2021 (-52.2%).
- The Q2 2026 figure ranks as the highest quarterly Debt Ratio since Q2 2020.
- Year over year, Debt Ratio has now increased in each of the last three quarters, with growth averaging 4.8% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q4 2022 (growth of 242.9%); the low point was Q3 2021 (a decline of 70.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.25 (Q1 2026), 0.29 (Q4 2025) and 0.26 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 182.08 Bn | 174.33 Bn | - | 0.42 |
| 2 | Csx | 95.22 Bn | 90.44 Bn | - | 0.42 |
| 3 | United Parcel Service | 93.25 Bn | 70.15 Bn | - | 0.34 |
| 4 | Canadian Pacific Kansas City | 81.02 Bn | 81.02 Bn | - | - |
| 5 | Norfolk Southern | 77.79 Bn | 72.25 Bn | - | 0.36 |
| 6 | Fedex | 75.55 Bn | 41.74 Bn | - | 0.25 |
| 7 | Delta Air Lines | 54.76 Bn | 36.94 Bn | - | 0.16 |
| 8 | Old Dominion Freight Line | 36.63 Bn | 36.63 Bn | - | - |
| 9 | United Airlines Holdings | 35.55 Bn | -22.15 Bn | - | 0.31 |
| 10 | Covenant Logistics | 842.69 Mn | 842.69 Mn | - | - |
Historic Data
Download Data
Historic 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 |
API Access
Covenant Logistics Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=CVLG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "CVLG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=CVLG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();