Forward Air Corporation (FWRD)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $201,728K
= 0.00
Based on the provided data, Forward Air Corporation has consistently maintained a debt-to-equity ratio of 0.00 across the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not utilized any long-term debt to finance its operations and investments. A debt-to-equity ratio of 0.00 suggests that the company relies solely on equity financing, implying a lower financial risk as there is no debt obligation to service. It also indicates a strong financial position and stability, as the absence of debt can provide flexibility and resilience during economic downturns. However, it is essential to consider other financial metrics and factors to obtain a comprehensive understanding of Forward Air Corporation's overall financial health and performance.
Peer comparison
Dec 31, 2024