Covenant Logistics Group (FRA:CV5) Short-Term Capital Lease Obligation : €11 Mil (As of Jun. 2024)

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What is Covenant Logistics Group Short-Term Capital Lease Obligation?

Covenant Logistics Group's Short-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €11 Mil.

Covenant Logistics Group's quarterly Short-Term Capital Lease Obligation declined from Dec. 2023 (€12 Mil) to Mar. 2024 (€9 Mil) but then increased from Mar. 2024 (€9 Mil) to Jun. 2024 (€11 Mil).

Covenant Logistics Group's annual Short-Term Capital Lease Obligation increased from Dec. 2021 (€20 Mil) to Dec. 2022 (€22 Mil) but then declined from Dec. 2022 (€22 Mil) to Dec. 2023 (€12 Mil).

Covenant Logistics Group Short-Term Capital Lease Obligation Historical Data

The historical data trend for Covenant Logistics Group's Short-Term Capital Lease Obligation 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 Short-Term Capital Lease Obligation Chart

Covenant Logistics Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Capital Lease Obligation

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24.05

18.64

20.05

22.19

11.67

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
Short-Term Capital Lease Obligation	Get a 7-Day Free Trial															15.11	14.39	11.67	9.09	10.75

Covenant Logistics Group Short-Term Capital Lease Obligation Explanation

Short-Term Capital Lease Obligation represents the total amount of Long-Term Capital Lease Obligation that must be paid within the next accounting period. Capital lease obligations are contractual obligations that arise from obtaining the use of property or equipment via a capital lease contract.

Covenant Logistics Group Short-Term Capital Lease Obligation 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 » Short-Term Capital Lease Obligation

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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.

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