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Last $23.61 USD
Change Today -0.19 / -0.80%
Volume 259.0K
CVTI On Other Exchanges
Symbol
Exchange
CVTI is not on other exchanges.
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

Financial Statements for covenant transport grp-cl a (CVTI)

Although debt as a percent of total capital decreased at Covenant Transportation Group, Inc. over the last fiscal year to 54.46%, it is still in-line with the Road and Rail industry's norm. Additionally, there are enough liquid assets to satisfy current obligations. Cash Collection is a strong suit as the company is more effective than most in the industry. As of the end of 2014, its uncollected receivables totaled $95.9M USD, which, at the current sales rate provides a Days Receivables Outstanding of 55.89. Last, Covenant Transportation Group, Inc. is among the least efficient in its industry at managing inventories, but it is getting better, with 2.94 days of its Cost of Goods Sold tied up in Inventories.
Currency in
Millions of US Dollars
As of:Dec 31
2011
Reclassified
Dec 31
2012
Reclassified
Dec 31
2013
Dec 31
2014
4 Year
Trend
Assets    
Cash and Equivalents3.96.89.321.3
TOTAL CASH AND SHORT TERM INVESTMENTS3.96.89.321.3
Accounts Receivable64.776.281.295.9
Other Receivables2.20.61.11.4
TOTAL RECEIVABLES66.976.882.497.4
Inventory4.64.64.74.4
Prepaid Expenses8.08.210.49.0
Deferred Tax Assets, Current4.44.65.214.7
Other Current Assets20.67.211.49.9
TOTAL CURRENT ASSETS108.4108.3123.5156.8
Gross Property Plant and Equipment440.1419.9462.4505.3
Accumulated Depreciation-117.7-140.9-132.8-122.9
NET PROPERTY PLANT AND EQUIPMENT322.3279.0329.6382.5
Long-Term Investments2.46.18.712.2
Deferred Charges, Long Term1.30.80.90.7
Other Intangibles0.90.60.30.2
Other Long-Term Assets4.65.43.41.6
TOTAL ASSETS439.8400.2466.4554.0
    
LIABILITIES & EQUITY    
Accounts Payable8.810.08.39.6
Accrued Expenses36.643.845.357.0
Current Portion of Long-Term Debt/Capital Lease98.265.752.829.4
Current Portion of Capital Lease Obligations2.02.18.71.6
Other Current Liabilities, Total7.08.82.98.0
TOTAL CURRENT LIABILITIES150.5128.3109.4104.1
Long-Term Debt128.295.2169.5159.5
Capital Leases16.114.013.213.4
Unearned Revenue, Non-Current1.6------
Deferred Tax Liability Non-Current42.749.859.173.7
Other Non-Current Liabilities13.718.214.934.1
TOTAL LIABILITIES352.8305.6366.1384.8
Common Stock0.20.20.20.2
Additional Paid in Capital89.590.388.6141.2
Retained Earnings11.717.823.140.9
Treasury Stock-14.4-14.0-12.3--
Comprehensive Income and Other0.10.30.8-13.1
TOTAL COMMON EQUITY87.194.7100.4169.2
TOTAL EQUITY87.194.7100.4169.2
TOTAL LIABILITIES AND EQUITY439.8400.2466.4554.0
 

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CVTI:US $23.61 USD -0.19

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Industry Analysis

CVTI

Industry Average

Valuation CVTI Industry Range
Price/Earnings 11.0x
Price/Sales 0.6x
Price/Book 2.4x
Price/Cash Flow 4.9x
TEV/Sales 0.3x
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