Covenant Logistics Group CVLG Drivers Advances And Other Receivables Net Of Allowance
Drivers Advances And Other Receivables Net Of Allowance at other companies
Other financials
Where this comes from
Reported directly by Covenant Logistics Group in its filing.
Tagged under the XBRL concept cvti:DriversAdvancesAndOtherReceivablesNetOfAllowance.
The official record: Covenant Logistics Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Covenant Logistics Group's drivers advances and other receivables net of allowance?
- Covenant Logistics Group (CVLG) reported drivers advances and other receivables net of allowance of $6.73M in Q1 2026.
- How has Covenant Logistics Group's drivers advances and other receivables net of allowance changed year-over-year?
- Covenant Logistics Group's drivers advances and other receivables net of allowance increased by 67.2% year-over-year, from $4.03M to $6.73M.
- What is the long-term trend for Covenant Logistics Group's drivers advances and other receivables net of allowance?
- Over 3 years (2022 to 2025), Covenant Logistics Group's drivers advances and other receivables net of allowance has grown at a 39.1% compound annual growth rate (CAGR), from $3.8M to $10.21M.
- What does drivers advances and other receivables net of allowance mean?
- This represents outstanding cash advances provided to independent contractors or company drivers, net of expected credit losses. It reflects the company's short-term credit exposure to its workforce and the effectiveness of its internal recovery processes. Monitoring this balance helps assess potential liquidity risks tied to driver turnover and operational cash flow management.