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Covenant Logistics Group CVLG Goodwill impairment

Goodwill impairment at other companies

Heartland Express logo
Heartland ExpressHTLD
$0
RXO logo
RXORXO
$3M
Penske Automotive Group logo
Penske Automotive GroupPAG
$0

Segments

By segment

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Dedicated$10.7M
Expedited$0
Managed Freight$0
Warehousing$0

Other financials

Income statement

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Revenue$307.2M+14.0%
Operating income$6.3M-17.6%
Net income$4.4M-32.7%
EPS (diluted)$0.17-29.2%

Balance sheet

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Cash & equivalents$11.2M+0.1%
Total debt$291.7M+4.9%
Total equity$407.6M-8.1%
Total assets$1.0B+3.8%

Cash flow

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Operating cash flow$29.0M+16.6%
CapEx$11.4M-66.0%
Free cash flow$17.6M+305%

Valuation

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Market cap$1.08B+77.6%
Enterprise value$1.36B+55.5%
P/E36×+0.6×
P/S0.9×

Profitability

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Operating margin2.8%
Net margin3.7%-1.1pp
FCF margin-0.6%

Returns & leverage

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Return on equity7.5%-2.6pp
Debt / equity0.7×+0.1×
Current ratio0.0×

Questions, answered.

What does goodwill impairment mean?
Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.