Forward Air Corporation (FWRD)

Debt-to-assets ratio

Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 2,802,640 2,802,640 3,055,840 3,067,320 3,959,260 3,041,080 1,190,580 1,184,570 1,226,570 1,208,080 1,186,060 1,197,140 1,166,810 1,117,820 1,070,510 1,081,840 1,015,900 1,047,770 1,048,210 1,072,500
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

March 31, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,802,640K
= 0.00

The debt-to-assets ratio of Forward Air Corporation has consistently remained at 0.00 across different quarters from June 30, 2020, to March 31, 2025. This indicates that the company has not been utilizing debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company has either been using entirely equity financing to fund its operations or has minimal debt relative to its total assets. This reflects a low financial risk as the company is not heavily reliant on borrowed funds, which can be considered a positive sign for investors and creditors.


Peer comparison

Mar 31, 2025