COVENANT LOGISTICS GROUP, INC.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $4.9M | $35.6M | $2.3M | $68.7M | $8.4M | $8.4M | $43.6M | $23.1M |
| Accounts Receivable | $151.8M | $141.6M | $142.5M | $119.8M | $142.4M | $91.3M | $81.2M | $151.1M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $232.8M | $213.9M | $185.9M | $222.7M | $188.5M | $147.8M | $254.4M | $211.6M |
| Property, Plant & Equipment | — | $524.8M | $514.7M | $407.7M | $346.5M | $391.5M | $517.2M | $450.6M |
| Goodwill | $80.5M | $78.9M | $75.7M | $58.2M | $42.5M | $42.5M | $42.5M | $41.6M |
| Intangible Assets (Excl. Goodwill) | $105.6M | $90.1M | $99.6M | $48.2M | $20.5M | $24.5M | $29.6M | $32.5M |
| Total Assets | $1.05B | $997.6M | $954.4M | $796.6M | $651.7M | $676.7M | $881.6M | $773.5M |
| Liabilities | ||||||||
| Accounts Payable | $45.5M | $31.9M | $33.2M | $33.9M | $29.9M | $31.7M | $19.5M | $22.1M |
| Total Current Liabilities | $210.0M | $181.3M | $170.3M | $156.1M | $142.7M | $133.4M | $161.3M | $127.3M |
| Long-Term Debt | $234.0M | $187.1M | $196.9M | $90.4M | $20.3M | $47.9M | $200.2M | $166.6M |
| Total Liabilities | $641.6M | $559.2M | $551.0M | $419.5M | $302.0M | $386.1M | $531.5M | $430.4M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $278.2M | $278.1M | $378.9M | $329.5M | $225.1M | $166.3M | $209.0M | $200.6M |
| Total Stockholders' Equity | $404.0M | $438.3M | $403.4M | $377.1M | $349.7M | $290.6M | $350.1M | $343.1M |