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Covenant Transportation Group Inc  (CVTI)
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Covenant Transportation Group Inc's Working Capital Ratio

CVTI's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth




CVTI Working Capital 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 Current Liabilities Change 63.25 % 68.12 % 56.77 % 41.76 % 11.1 %
Y / Y Current Assets Change -7.52 % 31.33 % 30.39 % 28.37 % 98.49 %
Working Capital Ratio MRQ 1.61 1.7 1.66 1.5 2.84
Overall Ranking # 2019 # 2423 # # 2712 # 3039
Seq. Current Liabilities Change 15.2 % 4.19 % -0.05 % 36.07 % 18.64 %
Seq. Current Assets Change 9.07 % 6.6 % 10.5 % -28.01 % 54.89 %



Working Capital Ratio third quarter 2019 Comment
Due to increase in Current Liabilities in the third quarter 2019, Working Capital Ratio fell to 1.61 below Covenant Transportation Group Inc average.

Within Transport & Logistics industry 7 other companies have achieved higher Working Capital Ratio than Covenant Transportation Group Inc in third quarter 2019. While Working Capital Ratio total ranking has improved so far to 2019, from total ranking in previous quarter at 2423.

Explain Working Capital Ratio
Where is CVTI most successful ?
Working Capital Ratio CVTI on the trailing twelve month basis
Working Capital Ratio third quarter 2019 Company Ranking
Within: No.
Transport & Logistics Industry # 8
Transportation Sector # 21
Overall Market # 2019


Working Capital Ratio Statistics
High Average Low
2.84 1.36 0.72
(Jun 30 2018)   (Dec 31 2011)




Financial Statements
Covenant Transportation Group Inc's Current Liabilities $ 153 Millions Visit CVTI's Balance sheet
Covenant Transportation Group Inc's Current Assets $ 246 Millions Visit CVTI's Balance sheet
Source of CVTI's Sales Visit CVTI's Sales by Geography




Companies with similar Working Capital Ratio in the quarter endingSep 30 2019, within Transport & Logistics Industry Working Capital RatioSep 30 2019 MRQ Current AssetsSep 30 2019 MRQ Current Liabilities
Verra Mobility Corporation  3.19 $ 288.098  Millions$ 90.318  Millions
Forward Air Corp  2.33 $ 215.711  Millions$ 92.638  Millions
Heartland Express Inc  2.29 $ 198.373  Millions$ 86.794  Millions
Air T, Inc.  2.22 $ 99.153  Millions$ 44.696  Millions
Schneider National, Inc.  2.19 $ 1,527.600  Millions$ 698.400  Millions
Landstar System Inc  2.01 $ 970.750  Millions$ 483.756  Millions
Vivic Corp.  1.95 $ 0.551  Millions$ 0.283  Millions
Covenant Transportation Group Inc  1.61 $ 246.068  Millions$ 152.840  Millions
Autoweb, Inc.  1.60 $ 30.186  Millions$ 18.910  Millions
Echo Global Logistics, inc.  1.39 $ 353.860  Millions$ 254.901  Millions
Fedex Corp  1.31 $ 13,017.000  Millions$ 9,935.000  Millions
Hunt J B Transport Services Inc  1.29 $ 1,383.456  Millions$ 1,075.024  Millions
Radiant Logistics, Inc  1.29 $ 137.767  Millions$ 107.195  Millions
Hub Group, Inc.  1.26 $ 559.597  Millions$ 444.925  Millions
Xpo Logistics, Inc.  1.24 $ 3,426.000  Millions$ 2,753.000  Millions
United Parcel Service Inc  1.11 $ 14,184.000  Millions$ 12,835.000  Millions
Saia Inc  1.02 $ 249.709  Millions$ 244.081  Millions
Yrc Worldwide Inc.  0.97 $ 679.900  Millions$ 699.900  Millions
Roadrunner Transportation Systems, Inc.  0.96 $ 302.537  Millions$ 316.784  Millions
Pam Transportation Services Inc  0.94 $ 105.098  Millions$ 111.537  Millions
Universal Logistics Holdings, Inc.  0.91 $ 266.792  Millions$ 292.251  Millions
Air Transport Services Group, Inc.  0.89 $ 233.534  Millions$ 261.848  Millions
Us Xpress Enterprises Inc  0.84 $ 276.217  Millions$ 328.552  Millions


             
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