Forward Air Corporation (FWRD)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,802,640 | 2,979,530 | 1,208,080 | 1,117,820 | 1,047,770 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,802,640K
= 0.00
The debt-to-assets ratio for Forward Air Corporation has been consistently at 0.00 over the last five years, from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations or investments during this period. A debt-to-assets ratio of 0.00 suggests that Forward Air Corporation relies solely on equity financing, which can be considered a positive sign of financial stability and solvency. It signifies that the company's assets are fully backed by equity, minimizing the risk of financial distress associated with high levels of debt.
Peer comparison
Dec 31, 2024