Covenant Transportation Group (CVTI)
Create an AlertCovenant Transportation Group Current Ratio:
0.9475 for March 31, 2013Covenant Transportation Group Historical Current Ratio Data
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| Data for this Date Range | |
|---|---|
| March 31, 2013 | 0.9475 |
| Dec. 31, 2012 | 0.8443 |
| Sept. 30, 2012 | 0.8512 |
| June 30, 2012 | 0.8216 |
| March 31, 2012 | 0.7498 |
| Dec. 31, 2011 | 0.7202 |
| Sept. 30, 2011 | 0.7373 |
| June 30, 2011 | 0.749 |
| March 31, 2011 | 0.7427 |
| Dec. 31, 2010 | 0.7477 |
| Sept. 30, 2010 | 0.9005 |
| June 30, 2010 | 0.841 |
| March 31, 2010 | 0.8323 |
| Dec. 31, 2009 | 0.8509 |
| Sept. 30, 2009 | 0.7646 |
| June 30, 2009 | 0.9201 |
| March 31, 2009 | 0.9783 |
| Dec. 31, 2008 | 1.149 |
| Sept. 30, 2008 | 1.336 |
| June 30, 2008 | 0.9422 |
| March 31, 2008 | Go Pro |
| Dec. 31, 2007 | Go Pro |
| Sept. 30, 2007 | Go Pro |
| June 30, 2007 | Go Pro |
| March 31, 2007 | Go Pro |
| Dec. 31, 2006 | Go Pro |
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| Dec. 31, 2000 | Go Pro |
About Current Ratio
The current ratio measures a company's ability to pay short-term debts and other current liabilities (financial obligations lasting less than one year) by comparing current assets to current liabilities. The ratio illustrates a company's ability to remain solvent.
A current ratio of one means that book value of current assets is exactly the same as book value of current liabilities. In general, investors look for a company with a current ratio of 2:1, meaning current assets twice as large as current liabilities. A current ratio less than one indicates the company might have problems meeting short-term financial obligations. If the ratio is too high, the company may not be efficiently using its current assets or short term financing facilities.
Other similar solvency ratios include :
Cash Ratio - Measures the amount of cash that can be used to pay liabilities (most strict)
Quick Ratio - Measures the amount of cash, short term equivalents, and accounts receivables that can be used to pay liabilities (more lenient than cash ratio, but stricter than current ratio)
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CVTI Current Ratio Benchmarks
| Companies | |
|---|---|
| J.B. Hunt Transport Services | 0.846 |
| Marten Transport | 1.585 |
| Swift Transportation | 1.799 |
CVTI Current Ratio Rankings
| Overall |
59th percentile 6743 of 16770 |
| Sector |
57th percentile 1048 of 2442 in Industrials |
| Industry |
31st percentile 24 of 35 in Trucking |
CVTI Current Ratio Range, Past 5 Years
| Minimum | 0.7202 | Dec 2011 |
| Maximum | 1.336 | Sep 2008 |
| Average | 0.8713 |
