Covenant Logistics (CVLG) Interest Coverage Ratio (2010 - 2026)

Covenant Logistics (CVLG) posted quarterly Interest Coverage Ratio of 1.62 for Q1 2026, down 39.44% YoY from 2.67 in Q1 2025, and down 29.27% sequentially from 2.29 in Q3 2025.

Covenant Logistics (CVLG) Interest Coverage Ratio (2010 - 2026) Analysis & Trends

Covenant Logistics has disclosed Interest Coverage Ratio across 17 years of filings, most recently posting 1.62 for Q1 2026.

  • In Q1 2026, Interest Coverage Ratio fell 39.44% year-over-year to 1.62; the TTM figure through Mar 2026 stood at 3.4 (down 23.42% YoY), while the FY2025 annual figure was 0.24, down 92.61% from the prior year.
  • Interest Coverage Ratio declined to 1.62 in Q1 2026, from 2.29 in the prior quarter.
  • Over the last five years, Interest Coverage Ratio for CVLG reached as high as 63.16 in Q3 2022 and fell as low as 1.3 in Q1 2024.
  • The 5-year median for Interest Coverage Ratio is 5.55 (2023), against an average of 14.41.
  • Annual changes were most pronounced in 2022 — Interest Coverage Ratio soared 203.79% — and 2024, when it sank 94.34%.
  • A 5-year view of Interest Coverage Ratio shows it stood at 13.18 in 2022, then tumbled by 55.59% to 5.85 in 2023, then fell by 13.45% to 5.07 in 2024, then slumped by 54.9% to 2.29 in 2025, then slipped by 29.27% to 1.62 in 2026.
  • According to Business Quant data, Interest Coverage Ratio over the past three periods registered 1.62, 2.29, and 4.68 for Q1 2026, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 TFI International 160.26 Bn 160.08 Bn 963.70 Mn -19.90
2 Old Dominion Freight Line 45.40 Bn 45.11 Bn 1.33 Bn 1,061.34
3 Xpo 24.25 Bn 24.01 Bn 1.67 Bn 3.28
4 Knight-Swift Transportation Holdings 12.57 Bn 12.51 Bn 1.57 Bn 0.93
5 Saia 11.19 Bn 11.15 Bn - 25.95
6 Schneider National 6.37 Bn 6.11 Bn 1.27 Bn 4.77
7 Rxo 4.69 Bn 4.67 Bn 254.00 Mn -
8 Arcbest 3.12 Bn 3.04 Bn 951.93 Mn 0.80
9 Werner Enterprises 2.63 Bn 2.59 Bn 726.17 Mn 0.34
10 Covenant Logistics 1.12 Bn 1.11 Bn 292.96 Mn 1.62

Historic Data

Download Data
DateValue
Mar 31, 2026 1.62
Sep 30, 2025 2.29
Jun 30, 2025 4.68
Mar 31, 2025 2.67
Sep 30, 2024 5.07
Jun 30, 2024 4.10
Mar 31, 2024 1.30
Dec 31, 2023 5.85
Sep 30, 2023 5.74
Jun 30, 2023 5.55
Mar 31, 2023 22.93
Dec 31, 2022 13.18
Sep 30, 2022 63.16
Jun 30, 2022 35.08
Mar 31, 2022 42.97
Dec 31, 2021 29.61
Sep 30, 2021 27.74
Jun 30, 2021 25.89
Mar 31, 2021 14.14
Dec 31, 2020 10.35