Covenant Logistics Group Reports 2024 Financials
Ticker: CVLG · Form: 10-K · Filed: Feb 28, 2025 · CIK: 928658
Sentiment: neutral
Topics: financials, debt, revenue, income-statement
TL;DR
Covenant Logistics Group's 2024 10-K shows $2.36B assets vs $2.45B liabilities, $2.35B revenue, and $5M net income. Debt is $10.7M.
AI Summary
Covenant Logistics Group, Inc. filed its 2024 10-K report, detailing a fiscal year ending December 31, 2024. The company reported total assets of $2,360 million and total liabilities of $2,449 million. Key financial figures include revenue of $2,350 million and net income of $5,000,000. The company also disclosed outstanding debt obligations, with long-term debt amounting to $10,721,517.
Why It Matters
This filing provides a comprehensive overview of Covenant Logistics Group's financial health and operational performance for the fiscal year 2024, crucial for investors assessing the company's stability and future prospects.
Risk Assessment
Risk Level: medium — The company has more liabilities than assets, indicating potential financial strain.
Key Numbers
- $2.36B — Total Assets (Indicates the company's total resources as of fiscal year-end 2024.)
- $2.45B — Total Liabilities (Represents the company's total obligations as of fiscal year-end 2024.)
- $2.35B — Revenue (Shows the total income generated from sales and services in fiscal year 2024.)
- $5.0M — Net Income (The company's profit after all expenses for fiscal year 2024.)
- $10.7M — Long-term Debt (The amount of debt due after one year, as of fiscal year-end 2024.)
Key Players & Entities
- COVENANT LOGISTICS GROUP, INC. (company) — Filer
- 2024 (date) — Fiscal Year End
- 2360000000 (dollar_amount) — Total Assets
- 2449000000 (dollar_amount) — Total Liabilities
- 2350000000 (dollar_amount) — Revenue
- 5000000 (dollar_amount) — Net Income
- 10721517 (dollar_amount) — Long-term debt
FAQ
What was Covenant Logistics Group's total revenue for the fiscal year ending December 31, 2024?
The company reported total revenue of $2,350,000,000 for the fiscal year ending December 31, 2024.
What is the net income reported in the 10-K filing for Covenant Logistics Group for FY 2024?
Covenant Logistics Group reported a net income of $5,000,000 for the fiscal year 2024.
How much long-term debt does Covenant Logistics Group have as of December 31, 2024?
As of December 31, 2024, Covenant Logistics Group has $10,721,517 in long-term debt.
What were the total assets and total liabilities for Covenant Logistics Group at the end of fiscal year 2024?
Total assets were $2,360,000,000 and total liabilities were $2,449,000,000 as of December 31, 2024.
What is the company's SIC code and its industry classification?
The company's SIC code is 4213, and it is classified under 'TRUCKING (NO LOCAL)'.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 28, 2025 regarding COVENANT LOGISTICS GROUP, INC. (CVLG).