COVENANT LOGISTICS GROUP, INC. (CVLG) Financial Ratio Screen

NYSE Industrials United States USD 829M
RATIOS FAIL*
Automated financial screen · activity assessed separately
COVENANT LOGISTICS GROUP, INC. (CVLG) is potentially non-compliant in the automated ratio model. The company's debt ratio of 32.4% exceeds the 30% MSCI new-inclusion threshold relative to total assets. COVENANT LOGISTICS GROUP, INC. operates in the Industrials sector.

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MSCI new-inclusion financial-ratio snapshot

CVLG financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
32.4%
Fail vs 30%
Cash ratio
0.5%
Pass vs 30%
Receivables + cash
17.1%
Pass vs 30%
Impermissible income
N/A
Not available vs 5%

Calculation date: 2026-10-16. Financial period used: December 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
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MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleMore financial data neededNo negative conclusion follows from missing data
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2025Calculation date2026-10-16S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Trucking) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in May 2007. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style debt and cash reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 32.4%
/ 30%
0.5%
/ 30%
17.1%
/ 30%
N/A RATIOS FAIL*
FTSE 32.4%
/ 33%
0.5%
/ 33%
17.1%
/ 50%
N/A INSUFFICIENT / NOT IMPLEMENTED*

Financial Highlights

P/E Ratio
3268.0
Forward: 11.9
EPS
currency unverified 0.01
Dividend Yield
85.0%
Payout: 2800.0%
P/B Ratio
2.0
EV/EBITDA
10.2
EV: USD 1.2B
Beta
1.4
High volatility
Current Ratio
1.1

Profitability

Gross Margin 20.3%
Operating Margin 2.8%
Net Margin 0.3%
Return on Equity (ROE) 0.2%
Return on Assets (ROA) 1.1%

Cash Flow & Balance Sheet

Operating Cash FlowUSD 114M
Free Cash FlowUSD -34M
Total DebtUSD 339M
Debt-to-Equity78.6
Current Ratio1.1
Total AssetsUSD 1.0B

Price & Trading

Last Close$33.09
50-Day MA$34.83
200-Day MA$33.40
Avg Volume210K
Beta1.4
52-Week Range
$18.00
$49.88

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-10-08 for the financial period December 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About COVENANT LOGISTICS GROUP, INC. (CVLG)

CEO
Mr. David Ray Parker
Employees
2,900
Sector
Industrials
Industry
Trucking
Country
United States
Exchange
NYSE
Market Cap (listing currency)
USD 829M
Currency
USD

Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in May 2007. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

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Frequently Asked Questions

Is COVENANT LOGISTICS GROUP, INC. (CVLG) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is COVENANT LOGISTICS GROUP, INC.'s debt ratio?

COVENANT LOGISTICS GROUP, INC.'s debt ratio is 32.4% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are COVENANT LOGISTICS GROUP, INC.'s key financial metrics?

COVENANT LOGISTICS GROUP, INC. has a market capitalization of USD 829M in its listing currency, trailing P/E ratio of 3268.0. The company maintains a gross margin of 20.3% and a net margin of 0.3%. Return on equity stands at 0.2%.

How often is the screening data updated?

Calculation date: 2026-10-16. Financial period: December 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.