Covenant Logistics Group annual debt-to-equity ratio
2010
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2025
Covenant Logistics Group Debt-to-Equity Ratio Growth & History (CVLG)
Covenant Logistics Group's debt-to-equity ratio was 0.84 for fiscal 2025.
View full Covenant Logistics Group company overviewCovenant Logistics Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.84 | 0.16 | +23.78% |
| 2024 | 2024-12-31 | 0.68 | −0.05 | −6.89% |
| 2023 | 2023-12-31 | 0.73 | 0.25 | +52.72% |
| 2022 | 2022-12-31 | 0.48 | 0.26 | +124.33% |
| 2021 | 2021-12-31 | 0.21 | −0.17 | −44.09% |
| 2020 | 2020-12-31 | 0.38 | −0.61 | −61.81% |
| 2019 | 2019-12-31 | 0.99 | 0.31 | +44.69% |
| 2018 | 2018-12-31 | 0.69 | −0.04 | −5.10% |
| 2017 | 2017-12-31 | 0.72 | −0.19 | −20.67% |
| 2016 | 2016-12-31 | 0.91 | −0.32 | −26.19% |
| 2015 | 2015-12-31 | 1.24 | 0.04 | +3.43% |
| 2014 | 2014-12-31 | 1.20 | −1.15 | −49.04% |
| 2013 | 2013-12-31 | 2.35 | 0.50 | +26.98% |
| 2012 | 2012-12-31 | 1.85 | −0.94 | −33.67% |
| 2011 | 2011-12-31 | 2.79 | 0.55 | +24.59% |
| 2010 | 2010-12-31 | 2.24 | — | — |
Covenant Logistics Group quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.79 | 0.04 | +6.07% |
| Q1 2026 | 2026-03-31 | 0.72 | 0.09 | +14.15% |
| Q4 2025 | 2025-12-31 | 0.84 | 0.16 | +23.78% |
| Q3 2025 | 2025-09-30 | 0.73 | −0.00 | −0.53% |
| Q2 2025 | 2025-06-30 | 0.74 | −0.02 | −2.08% |
| Q1 2025 | 2025-03-31 | 0.63 | −0.09 | −12.36% |
| Q4 2024 | 2024-12-31 | 0.68 | −0.05 | −6.89% |
| Q3 2024 | 2024-09-30 | 0.73 | 0.12 | +19.94% |
| Q2 2024 | 2024-06-30 | 0.76 | 0.10 | +15.55% |
| Q1 2024 | 2024-03-31 | 0.72 | 0.25 | +53.65% |
| Q4 2023 | 2023-12-31 | 0.73 | 0.25 | +52.72% |
| Q3 2023 | 2023-09-30 | 0.61 | 0.26 | +72.22% |
| Q2 2023 | 2023-06-30 | 0.65 | 0.34 | +111.29% |
| Q1 2023 | 2023-03-31 | 0.47 | 0.21 | +84.98% |
| Q4 2022 | 2022-12-31 | 0.48 | 0.26 | +124.33% |
| Q3 2022 | 2022-09-30 | 0.36 | 0.10 | +37.75% |
| Q2 2022 | 2022-06-30 | 0.31 | 0.01 | +4.43% |
| Q1 2022 | 2022-03-31 | 0.25 | −0.18 | −41.68% |
| Q4 2021 | 2021-12-31 | 0.21 | −0.17 | −44.09% |
| Q3 2021 | 2021-09-30 | 0.26 | −0.27 | −51.32% |
| Q2 2021 | 2021-06-30 | 0.30 | −0.85 | −74.09% |
| Q1 2021 | 2021-03-31 | 0.43 | −0.71 | −62.33% |
| Q4 2020 | 2020-12-31 | 0.38 | −0.61 | −61.81% |
| Q3 2020 | 2020-09-30 | 0.53 | −0.53 | −49.95% |
| Q2 2020 | 2020-06-30 | 1.15 | 0.23 | +24.53% |
| Q1 2020 | 2020-03-31 | 1.15 | 0.26 | +28.89% |
| Q4 2019 | 2019-12-31 | 0.99 | 0.31 | +44.69% |
| Q3 2019 | 2019-09-30 | 1.06 | 0.34 | +46.42% |
| Q2 2019 | 2019-06-30 | 0.92 | 0.06 | +7.39% |
| Q1 2019 | 2019-03-31 | 0.89 | 0.18 | +25.38% |
| Q4 2018 | 2018-12-31 | 0.69 | −0.04 | −5.10% |
| Q3 2018 | 2018-09-30 | 0.72 | −0.18 | −19.68% |
| Q2 2018 | 2018-06-30 | 0.86 | −0.02 | −2.06% |
| Q1 2018 | 2018-03-31 | 0.71 | −0.16 | −18.67% |
| Q4 2017 | 2017-12-31 | 0.72 | −0.19 | −20.67% |
| Q3 2017 | 2017-09-30 | 0.90 | −0.09 | −9.15% |
| Q2 2017 | 2017-06-30 | 0.87 | −0.06 | −6.82% |
| Q1 2017 | 2017-03-31 | 0.87 | −0.04 | −3.99% |
| Q4 2016 | 2016-12-31 | 0.91 | −0.32 | −26.19% |
| Q3 2016 | 2016-09-30 | 0.99 | −0.23 | −18.74% |
| Q2 2016 | 2016-06-30 | 0.94 | 0.10 | +12.40% |
| Q1 2016 | 2016-03-31 | 0.91 | −0.03 | −3.69% |
| Q4 2015 | 2015-12-31 | 1.24 | 0.04 | +3.43% |
| Q3 2015 | 2015-09-30 | 1.22 | −0.96 | −44.05% |
| Q2 2015 | 2015-06-30 | 0.83 | −1.41 | −62.84% |
| Q1 2015 | 2015-03-31 | 0.94 | −1.43 | −60.23% |
| Q4 2014 | 2014-12-31 | 1.20 | −1.15 | −49.04% |
| Q3 2014 | 2014-09-30 | 2.18 | 0.12 | +6.05% |
| Q2 2014 | 2014-06-30 | 2.25 | 0.29 | +14.85% |
| Q1 2014 | 2014-03-31 | 2.37 | 0.48 | +25.52% |
| Q4 2013 | 2013-12-31 | 2.35 | 0.50 | +26.98% |
| Q3 2013 | 2013-09-30 | 2.05 | 0.22 | +12.21% |
| Q2 2013 | 2013-06-30 | 1.96 | −0.16 | −7.55% |
| Q1 2013 | 2013-03-31 | 1.89 | −0.54 | −22.30% |
| Q4 2012 | 2012-12-31 | 1.85 | −0.94 | −33.67% |
| Q3 2012 | 2012-09-30 | 1.83 | −0.82 | −30.90% |
| Q2 2012 | 2012-06-30 | 2.12 | −0.04 | −1.89% |
| Q1 2012 | 2012-03-31 | 2.43 | — | — |
| Q4 2011 | 2011-12-31 | 2.79 | 0.55 | +24.59% |
| Q3 2011 | 2011-09-30 | 2.65 | — | — |
| Q2 2011 | 2011-06-30 | 2.16 | — | — |
| Q4 2010 | 2010-12-31 | 2.24 | — | — |
Covenant Logistics Group debt-to-equity ratio trends
Over the last five fiscal years, Covenant Logistics Group's debt-to-equity ratio increased from 0.38 to 0.84, a change of 0.46. The latest reported quarter, Q2 2026, shows 0.79.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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