Covenant Logistics (CVLG) Net Long-Term Debt Issued (Repaid) (2010 - 2026)
Covenant Logistics (CVLG) reported Non-Current Debt of $224.73 million for Q2 2026, up 5.0% from $214.1 million a year earlier and up 11.6% from the prior quarter.
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Analysis
Covenant Logistics (CVLG) Net Long-Term Debt Issued (Repaid) (2010 - 2026) Analysis & Trends
At the end of FY2025, Covenant Logistics posted Non-Current Debt of $234.05 million, up 25.1% from FY2024.
- Non-Current Debt has a five-year compound annual growth rate of 37.3% (FY2020 to FY2025).
- By year, Non-Current Debt came in at $187.09 million in FY2024 (-5.0%), $196.89 million in FY2023 (+117.9%), $90.37 million in FY2022 (+344.1%) and $20.35 million in FY2021 (-57.5%).
- Five-year quarterly Non-Current Debt spans a low of $20.35 million in Q4 2021 and a high of $234.05 million in Q4 2025.
- Year over year, Non-Current Debt has now increased in each of the last five quarters, with growth averaging 9.1% over the last eight quarters.
- The high point for year-over-year Non-Current Debt in five years was Q4 2022 (growth of 344.1%); the low point was Q3 2021 (a decline of 75.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $201.39 million (Q1 2026), $234.05 million (Q4 2025) and $203.91 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net LT Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 182.08 Bn | 174.33 Bn | - | -13.00 Mn |
| 2 | Csx | 95.22 Bn | 90.44 Bn | - | -1.00 Mn |
| 3 | United Parcel Service | 93.25 Bn | 70.15 Bn | - | -39.00 Mn |
| 4 | Canadian Pacific Kansas City | 81.02 Bn | 81.02 Bn | - | - |
| 5 | Norfolk Southern | 77.79 Bn | 72.25 Bn | - | -11.00 Mn |
| 6 | Fedex | 75.55 Bn | 41.74 Bn | - | -735.00 Mn |
| 7 | Delta Air Lines | 54.76 Bn | 36.94 Bn | - | -1.23 Bn |
| 8 | Old Dominion Freight Line | 36.63 Bn | 36.63 Bn | - | - |
| 9 | United Airlines Holdings | 35.55 Bn | -22.15 Bn | - | -135.00 Mn |
| 10 | Covenant Logistics | 842.69 Mn | 842.69 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.30 Mn |
| Mar 31, 2026 | -43.78 Mn |
| Dec 31, 2025 | 18,000.00 |
| Sep 30, 2025 | 26.74 Mn |
| Jun 30, 2025 | 7.63 Mn |
| Mar 31, 2025 | -18.58 Mn |
| Dec 31, 2024 | -16.66 Mn |
| Sep 30, 2024 | -2.71 Mn |
| Jun 30, 2024 | 19.52 Mn |
| Mar 31, 2024 | 41.48 Mn |
| Dec 31, 2023 | 48.21 Mn |
| Sep 30, 2023 | 33.15 Mn |
| Jun 30, 2023 | 32.19 Mn |
| Mar 31, 2023 | 4.54 Mn |
| Dec 31, 2022 | 23.54 Mn |
| Sep 30, 2022 | 26.04 Mn |
| Jun 30, 2022 | 30.82 Mn |
| Mar 31, 2022 | -2.72 Mn |
| Dec 31, 2021 | -6.77 Mn |
| Sep 30, 2021 | -2.39 Mn |
API Access
Covenant Logistics Net Long-Term Debt Issued (Repaid) 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=non-current-debt&ticker=CVLG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=CVLG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();