Covenant Net Tangible Assets from 2010 to 2026
| CV5 Stock | EUR 24.20 0.20 0.83% |
Net Tangible Assets | First Reported 2018-06-30 | Previous Quarter 265.9 M | Current Value 212.6 M | Quarterly Volatility 23.7 M |
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.
Covenant | Net Tangible Assets |
The Net Tangible Assets 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' Net Tangible Assets Growth Pattern
Below is the plot of the Net Tangible Assets of Covenant Logistics Group over the last few years. It is the total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company. Covenant Logistics' Net Tangible Assets 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.
| Net Tangible Assets | 10 Years Trend |
|
Net Tangible Assets |
| Timeline |
Covenant Net Tangible Assets Regression Statistics
| Arithmetic Mean | 247,524,256 | |
| Geometric Mean | 244,472,575 | |
| Coefficient Of Variation | 16.07 | |
| Mean Deviation | 36,262,123 | |
| Median | 269,006,000 | |
| Standard Deviation | 39,777,688 | |
| Sample Variance | 1582.3T | |
| Range | 109.4M | |
| R-Value | 0.83 | |
| Mean Square Error | 531.6T | |
| R-Squared | 0.69 | |
| Significance | 0.000041 | |
| Slope | 6,519,577 | |
| Total Sum of Squares | 25316.2T |
Covenant Net Tangible Assets History
About Covenant Logistics Financial Statements
Covenant Logistics stakeholders use historical fundamental indicators, such as Covenant Logistics' Net Tangible Assets, 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 Reported | Projected for Next Year | ||
| Net Tangible Assets | 311.4 M | 283.5 M |
Currently Active Assets on Macroaxis
| FSLY | Fastly Class A | |
| MOB | Mobilicom Limited American | |
| CMG | Chipotle Mexican Grill | |
| CSAN | Cosan SA ADR | |
| RKT | Rocket Companies |
Check out the analysis of Covenant Logistics Correlation against competitors. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.