Forward Air Corporation (FWRD)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 201,728 | 764,261 | 707,244 | 593,654 | 547,329 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $201,728K)
= 0.00
The debt-to-capital ratio for Forward Air Corporation has been consistently 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not used any debt to finance its operations or growth during this period. A debt-to-capital ratio of 0.00 typically suggests that the company is primarily funded by equity, which may indicate a strong financial position and lower financial risk. It is important to note that a low or zero debt-to-capital ratio may also mean missed opportunities for leveraging debt for potential growth or tax advantages. Further analysis of the company's capital structure and financing strategy would provide a more holistic view of its financial health.
Peer comparison
Dec 31, 2024