Forward Air Corporation (FWRD)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 241,491 | 241,491 | 226,084 | 283,764 | 926,071 | 764,261 | 665,700 | 673,609 | 685,633 | 707,244 | 682,698 | 664,350 | 611,771 | 593,654 | 555,536 | 550,349 | 544,731 | 547,329 | 552,196 | 566,292 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $241,491K)
= 0.00
The debt-to-capital ratio for Forward Air Corporation has consistently been 0.00 for the past several quarters, including March 31, 2025. This indicates that the company has not been relying on debt as a significant source of its capital structure. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily comprised of equity, which can be viewed as a positive sign in terms of financial stability and solvency. It indicates that the company may have a low risk of financial distress due to excessive debt levels. Overall, a stable and consistently low debt-to-capital ratio reflects a conservative approach to financing and suggests that Forward Air Corporation has been managing its capital structure prudently.
Peer comparison
Mar 31, 2025