Covenant Logistics Group (FRA:CV5) Accounts Payable & Accrued Expense : €94 Mil (As of Mar. 2024)

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What is Covenant Logistics Group Accounts Payable & Accrued Expense?

Covenant Logistics Group's quarterly accounts payable & accrued expense declined from Sep. 2023 (€116 Mil) to Dec. 2023 (€101 Mil) and declined from Dec. 2023 (€101 Mil) to Mar. 2024 (€94 Mil).

Covenant Logistics Group's annual accounts payable & accrued expense increased from Dec. 2021 (€101 Mil) to Dec. 2022 (€107 Mil) but then declined from Dec. 2022 (€107 Mil) to Dec. 2023 (€101 Mil).

Covenant Logistics Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Covenant Logistics Group's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Covenant Logistics Group Accounts Payable & Accrued Expense Chart

Covenant Logistics Group Annual Data

Trend

Dec14

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Dec23

Accounts Payable & Accrued Expense

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65.83

82.57

100.72

107.35

100.79

Covenant Logistics Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															95.52	100.71	116.46	100.79	93.51

Covenant Logistics Group Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Covenant Logistics Group (FRA:CV5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Covenant Logistics Group Inc (FRA:CV5) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

CVLG:USA

Address

400 Birmingham Highway, Chattanooga, TN, USA, 37419

Website

https://www.covenantlogistics.com

Covenant Logistics Group Inc together with its wholly-owned subsidiaries offers truckload transportation and freight brokerage services to customers throughout the continental United States. The company's reportable segments include Expedited, Dedicated Services, Managed Freight and Warehousing. Expedited segment provides truckload services to customers with high service freight and delivery standards. Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length. Managed Freight segment includes brokerage services and TMS. Warehousing segment provides day-to-day warehouse management services to customers who have chosen to outsource this function. Majority of revenue is generated from expedited segment.

Covenant Logistics Group (FRA:CV5) Headlines

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