$374.6 M

CVTI Mkt cap, 04-Dec-2018

$243.3 M

Covenant Transportation Group Revenue Q3, 2018
Covenant Transportation Group Net income (Q3, 2018)11.6 M
Covenant Transportation Group EBIT (Q3, 2018)16.2 M
Covenant Transportation Group Cash, 30-Sep-201819.6 M
Covenant Transportation Group EV563 M

Covenant Transportation Group Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

684.5m719.0m724.2m670.7m705.0m

Revenue growth, %

5%1%

Operating expense total

664.2m13.0k656.5m638.2m676.9m

EBIT

20.4m39.6m67.8m32.4m28.2m

EBIT margin, %

3%6%9%5%4%

Interest expense

10.4m10.8m8.4m8.2m8.3m

Pre tax profit

12.7m32.6m63.9m27.2m23.3m

Income tax expense

7.5m14.8m21.8m10.4m(32.1m)

Net Income

5.2m17.8m42.1m16.8m55.4m

Covenant Transportation Group Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

9.3m21.3m4.5m7.8m15.4m

Accounts Receivable

Inventories

Current Assets

123.5m156.8m172.8m135.0m162.3m

Total Assets

466.4m554.0m647.4m620.5m649.7m

Accounts Payable

8.3m9.6m12.3m13.0m11.9m

Short-term debt

8.7m1.6m4.0m2.4m3.0m

Current Liabilities

109.4m104.1m126.5m87.8m81.2m

Long-term debt

182.7m172.9m207.1m188.4m164.5m

Total Debt

191.4m174.5m211.1m190.9m167.4m

Total Liabilities

366.1m445.3m384.1m354.5m

Common Stock

145.0k168.0k170.0171.0k

Additional Paid-in Capital

88.6m141.2m140.0m137.9m137.2m

Retained Earnings

23.1m40.9m83.0m102.0m157.5m

Total Equity

100.4m169.2m202.2m236.4m295.2m

Debt to Equity Ratio

1.9 x1 x1 x0.8 x0.6 x

Debt to Assets Ratio

0.4 x0.3 x0.3 x0.3 x0.3 x

Financial Leverage

4.6 x3.3 x3.2 x2.6 x2.2 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

10.5m19.9m19.4m17.2m23.8m14.0m3.7m8.4m5.0m7.3m18.7m8.3m38.4m122.1m19.6m

Current Assets

118.1m128.8m137.1m124.6m136.1m118.4m98.6m108.4m114.8m115.3m134.0m149.2m171.8m266.1m191.5m

Goodwill

41.1m

Total Assets

424.9m462.0m471.9m470.2m527.5m595.3m569.5m587.7m607.0m609.4m615.9m650.3m655.3m729.8m747.5m

Accounts Payable

11.9m10.6m12.4m9.6m12.0m9.3m8.8m10.9m10.1m9.0m10.8m12.4m12.5m12.3m21.5m

Short-term debt

6.0m9.6m9.3m5.4m1.7m4.1m3.9m3.8m1.7m2.5m2.5m2.9m3.0m4.9m5.1m

Current Liabilities

108.9m111.2m107.6m98.3m98.2m104.7m100.7m92.9m87.7m78.7m84.3m89.9m78.9m93.6m127.4m

Long-term debt

149.4m179.6m185.0m181.5m138.4m199.8m157.1m173.4m191.9m180.0m180.2m188.1m185.4m231.2m202.9m

Total Debt

155.3m189.2m194.3m186.9m140.1m204.0m161.0m177.2m193.6m182.5m182.7m165.6m188.4m236.1m208.0m

Total Liabilities

328.9m364.1m368.8m367.7m331.5m401.3m362.4m367.9m381.6m374.1m378.8m405.9m353.6m416.3m421.3m

Common Stock

144.0k145.0k145.0k145.0k170.0k170.0k170.0k170.0k170.0k170.0k170.0k171.0k171.0k171.0k

Additional Paid-in Capital

89.0m88.5m88.4m89.1m143.1m143.4m138.3m138.5m138.8m136.8m137.2m137.5m138.1m139.4m140.4m

Retained Earnings

19.7m21.7m25.5m27.3m62.1m69.7m86.7m93.2m96.1m102.0m103.5m108.2m162.5m172.5m184.1m

Total Equity

96.0m97.9m103.0m102.5m196.0m194.1m207.1m219.8m225.4m235.3m237.2m244.4m301.7m313.6m326.2m

Debt to Equity Ratio

0.7 x0.6 x0.8 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x

Financial Leverage

4.4 x4.7 x4.6 x4.6 x2.7 x3.1 x2.8 x2.7 x2.7 x2.6 x2.6 x2.7 x2.2 x2.3 x2.3 x

Covenant Transportation Group Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

5.2m17.8m42.1m16.8m55.4m

Depreciation and Amortization

44.5m49.0m62.0m71.6m72.4m

Accounts Receivable

Inventories

Accounts Payable

(6.3m)5.6m(10.6m)(5.1m)(3.4m)

Cash From Operating Activities

40.4m85.5m102.4m82.9m

Purchases of PP&E

(135.9m)(163.7m)(182.0m)(112.8m)(110.8m)

Short-term Borrowings

(867.4m)(1.0b)

Interest Paid

10.3m10.9m8.4m8.5m8.3m

Income Taxes Paid

320.0k571.0k8.1m6.4m(2.2m)

Covenant Transportation Group Ratios

USDY, 2018

EV/EBIT

34.8 x

EV/CFO

5.5 x

Financial Leverage

2.3 x
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