Covenant Cash from 2010 to 2026

CV5 Stock  EUR 24.20  0.20  0.83%   
Covenant Logistics' Cash is increasing over the last several years with slightly volatile swings. Cash is predicted to flatten to about 23.9 M. Cash is the total amount of money in the form of currency that Covenant Logistics Group has in its possession. This includes all bills, coins, and funds in bank accounts. View All Fundamentals
 
Cash  
First Reported
2018-06-30
Previous Quarter
143 K
Current Value
2.7 M
Quarterly Volatility
27.5 M
 
Covid
 
Interest Hikes
Check Covenant Logistics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Covenant Logistics' main balance sheet or income statement drivers, such as Interest Expense of 16.4 M, Selling General Administrative of 88.9 M or Total Revenue of 1 B, as well as many indicators such as . Covenant financial statements analysis is a perfect complement when working with Covenant Logistics Valuation or Volatility modules.
  
This module can also supplement various Covenant Logistics Technical models . Check out the analysis of Covenant Logistics Correlation against competitors.
The Cash trend for Covenant Logistics Group offers valuable insights into the company's financial trajectory and strategic direction. By examining multi-year patterns, investors can identify whether Covenant Logistics is strengthening or weakening its position, and how this metric correlates with broader market conditions and industry benchmarks.

Latest Covenant Logistics' Cash Growth Pattern

Below is the plot of the Cash of Covenant Logistics Group over the last few years. Cash refers to the most liquid asset of Covenant Logistics, which is listed under current asset account on Covenant Logistics Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Covenant Logistics customers. The amounts must be unrestricted with restricted cash listed in a different Covenant Logistics account. It is the total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts. Covenant Logistics' Cash historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Covenant Logistics' overall financial position and show how it may be relating to other accounts over time.
Cash10 Years Trend
Slightly volatile
   Cash   
       Timeline  

Covenant Cash Regression Statistics

Arithmetic Mean17,945,356
Geometric Mean10,821,340
Coefficient Of Variation105.72
Mean Deviation15,087,050
Median8,407,000
Standard Deviation18,971,922
Sample Variance359.9T
Range66.4M
R-Value0.58
Mean Square Error256T
R-Squared0.33
Significance0.02
Slope2,168,573
Total Sum of Squares5758.9T

Covenant Cash History

202623.9 M
202541 M
202435.6 M
20232.3 M
202268.7 M
20218.4 M
20208.4 M

About Covenant Logistics Financial Statements

Covenant Logistics stakeholders use historical fundamental indicators, such as Covenant Logistics' Cash, to determine how well the company is positioned to perform in the future. Although Covenant Logistics investors may analyze each financial statement separately, they are all interrelated. For example, changes in Covenant Logistics' assets and liabilities are reflected in the revenues and expenses on Covenant Logistics' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Covenant Logistics Group. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Cash41 M23.9 M
Change In Cash38.3 M40.2 M
Total Cashflows From Investing Activities-99.1 M-104.1 M
Other Cashflows From Financing Activities-11.5 K-12.1 K
Total Cash From Operating Activities141.3 M106.6 M
Total Cash From Financing Activities16.3 M17.1 M
End Period Cash Flow41 M26.7 M
Free Cash Flow-27.1 M-25.7 M
Begin Period Cash Flow2.6 M2.5 M
Other Non Cash Items-3.1 M-2.9 M
Other Cashflows From Investing Activities97.5 M86.7 M

Currently Active Assets on Macroaxis

When determining whether Covenant Logistics is a strong investment it is important to analyze Covenant Logistics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Covenant Logistics' future performance. For an informed investment choice regarding Covenant Stock, refer to the following important reports:
Check out the analysis of Covenant Logistics Correlation against competitors.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
It's important to distinguish between Covenant Logistics' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Covenant Logistics should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Covenant Logistics' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.