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Covenant Transportation Group Inc  (CVTI)
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Covenant Transportation Group Inc's Tangible Leverage Ratio

CVTI's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth




CVTI Tangible Leverage Ratio (Sep 30 2019)
III. Quarter
(Jun 30 2019)
II. Quarter
(Dec 31 2018)
IV. Quarter
(Sep 30 2018)
III. Quarter
(Jun 30 2018)
II. Quarter
Y / Y Tangible Equity Change -12.11 % -7.82 % -8.87 % 3.03 % 32.21 %
Y / Y Total Liabilities Change 17.03 % 25.58 % 21.42 % 3.8 % 9.91 %
Tangible Leverage Ratio MRQ 1.77 1.6 1.6 1.67 1.33
Overall Ranking # # # # #
Seq. Tangible Equity Change -0.91 % 3.38 % 6.84 % -19.7 % 3.93 %
Seq. Total Liabilities Change 9.7 % 3.19 % 2.15 % 1.21 % 17.71 %



Tangible Leverage Ratio third quarter 2019 Comment
Due to net new borrowings of 9.7%, Tangible Leverage Ratio detoriated to 1.77, below company's average Tangible Leverage Ratio.

Within Transport & Logistics industry in the third quarter 2019, 7 other companies have achieved lower Tangible Leverage Ratio than Covenant Transportation Group Inc. While total ranking remained unchanged compare to previous quarter at no. .

Explain Tangible Leverage Ratio?
What is CVTI Market Share?
Tangible Leverage Ratio third quarter 2019 Company Ranking
Within: No.
Transport & Logistics Industry # 8
Transportation Sector # 24
Overall Market # 1080


Tangible Leverage Ratio Statistics
High Average Low
4.05 2.35 1.17
(Dec 31 2011)   (Mar 31 2018)




Financial Statements
Covenant Transportation Group Inc's Tangible Equity $ 276 Millions Visit CVTI's Balance sheet
Covenant Transportation Group Inc's Total Liabilities $ 487 Millions Visit CVTI's Balance sheet
Source of CVTI's Sales Visit CVTI's Sales by Geography




Companies with similar Tangible Leverage Ratio in the quarter endingSep 30 2019, within Transport & Logistics Industry Tangible Leverage RatioSep 30 2019 MRQ Total LiabilitiesSep 30 2019 MRQ Tangible Equity
Fedex Corp  4.43 $ 50,286.000  Millions$ 11,345.000  Millions
Air T, Inc.  4.38 $ 97.442  Millions$ 22.222  Millions
Pam Transportation Services Inc  2.36 $ 349.847  Millions$ 148.104  Millions
Hub Group, Inc.  1.91 $ 833.083  Millions$ 435.620  Millions
Covenant Transportation Group Inc  1.77 $ 487.160  Millions$ 275.570  Millions
Hunt J B Transport Services Inc  1.59 $ 3,192.808  Millions$ 2,003.666  Millions
Autoweb, Inc.  1.38 $ 21.609  Millions$ 15.669  Millions
Forward Air Corp  1.23 $ 259.798  Millions$ 210.684  Millions
Vivic Corp.  1.06 $ 0.283  Millions$ 0.268  Millions
Landstar System Inc  0.88 $ 629.756  Millions$ 717.743  Millions
Saia Inc  0.82 $ 629.901  Millions$ 770.596  Millions
Schneider National, Inc.  0.79 $ 1,638.800  Millions$ 2,064.900  Millions
Heartland Express Inc  0.57 $ 275.908  Millions$ 480.228  Millions


             
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