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| Date | Value |
|---|---|
| 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 |