Covenant Logistics (CVLG) Debt to Equity (2010 - 2026)

Covenant Logistics (CVLG) posted quarterly Debt to Equity of $0.62 for Q1 2026, up 18.49% YoY from $0.52 in Q1 2025, and down 15.69% sequentially from $0.74 in Q4 2025.

Covenant Logistics (CVLG) Debt to Equity (2010 - 2026) Analysis & Trends

Covenant Logistics has disclosed Debt to Equity across 17 years of filings, most recently posting $0.62 for Q1 2026.

  • In Q1 2026, Debt to Equity rose 18.49% year-over-year to $0.62; the TTM figure through Mar 2026 stood at $0.62 (up 18.49% YoY), while the FY2025 annual figure was $0.74, up 28.69% from the prior year.
  • Debt to Equity eased to $0.62 in Q1 2026, from $0.74 in the prior quarter.
  • Over the last five years, Debt to Equity for CVLG reached as high as $0.74 in Q4 2025 and fell as low as $0.13 in Q1 2022.
  • The 5-year median for Debt to Equity is $0.57 (2024), against an average of $0.49.
  • The widest YoY moves for Debt to Equity: up 288.65% in 2022, down 49.29% in 2022.
  • A 5-year view of Debt to Equity shows it stood at $0.29 in 2022, then surged by 109.22% to $0.61 in 2023, then fell by 5.43% to $0.57 in 2024, then increased by 28.69% to $0.74 in 2025, then slipped by 15.69% to $0.62 in 2026.
  • According to Business Quant data, Debt to Equity over the past three periods registered $0.62, $0.74, and $0.63 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 TFI International 160.26 Bn 160.08 Bn 963.70 Mn -
2 Old Dominion Freight Line 45.40 Bn 45.11 Bn 1.33 Bn 0.01
3 Xpo 24.25 Bn 24.01 Bn 1.67 Bn 1.77
4 Knight-Swift Transportation Holdings 12.57 Bn 12.51 Bn 1.57 Bn 0.16
5 Saia 11.19 Bn 11.15 Bn - 0.04
6 Schneider National 6.37 Bn 6.11 Bn 1.27 Bn 0.13
7 Rxo 4.69 Bn 4.67 Bn 254.00 Mn 0.30
8 Arcbest 3.12 Bn 3.04 Bn 951.93 Mn 0.17
9 Werner Enterprises 2.63 Bn 2.59 Bn 726.17 Mn 0.65
10 Covenant Logistics 1.12 Bn 1.11 Bn 292.96 Mn 0.62

Historic Data

Download Data
DateValue
Mar 31, 2026 0.62
Dec 31, 2025 0.74
Sep 30, 2025 0.63
Jun 30, 2025 0.64
Mar 31, 2025 0.52
Dec 31, 2024 0.57
Sep 30, 2024 0.62
Jun 30, 2024 0.64
Mar 31, 2024 0.61
Dec 31, 2023 0.61
Sep 30, 2023 0.47
Jun 30, 2023 0.50
Mar 31, 2023 0.32
Dec 31, 2022 0.29
Sep 30, 2022 0.22
Jun 30, 2022 0.16
Mar 31, 2022 0.13
Dec 31, 2021 0.07
Sep 30, 2021 0.09
Jun 30, 2021 0.15