Covenant Logistics Group (FRA:CV5) Cash And Cash Equivalents : €1 Mil (As of Jun. 2024)

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What is Covenant Logistics Group Cash And Cash Equivalents?

Covenant Logistics Group's quarterly cash and cash equivalents increased from Dec. 2023 (€2.10 Mil) to Mar. 2024 (€2.72 Mil) but then stayed the same from Mar. 2024 (€2.72 Mil) to Jun. 2024 (€1.19 Mil).

Covenant Logistics Group's annual cash and cash equivalents increased from Dec. 2021 (€7.45 Mil) to Dec. 2022 (€64.82 Mil) but then declined from Dec. 2022 (€64.82 Mil) to Dec. 2023 (€2.10 Mil).

Covenant Logistics Group Cash And Cash Equivalents Historical Data

The historical data trend for Covenant Logistics Group's Cash And Cash Equivalents 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 Cash And Cash Equivalents Chart

Covenant Logistics Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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39.23

6.91

7.45

64.82

2.10

Covenant Logistics Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															7.22	6.92	2.10	2.72	1.19

Covenant Logistics Group Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Covenant Logistics Group (FRA:CV5) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Covenant Logistics Group Cash And Cash Equivalents Related Terms

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Covenant Logistics Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Covenant Logistics Group Inc (FRA:CV5) » Definitions » Cash And Cash Equivalents

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 Headlines

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