Forward Air Corporation (FWRD)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $241,491K
= 0.00
The debt-to-equity ratio for Forward Air Corporation has consistently remained at 0.00 for the period ranging from June 30, 2020, to March 31, 2025, based on the provided data. A debt-to-equity ratio of 0.00 indicates that the company has no financial leverage stemming from debt in relation to its equity. This implies that Forward Air Corporation has been primarily financing its operations and investments through equity, rather than relying on borrowed funds.
A debt-to-equity ratio of 0.00 can be interpreted as a positive sign in terms of the company's financial health and stability. It suggests that Forward Air Corporation has a strong equity base and is not overly burdened by debt obligations. A low or zero debt-to-equity ratio can indicate that the company has lower financial risk, as it has less debt that needs to be serviced, reducing interest payments and potential financial strain.
Moreover, a debt-to-equity ratio of 0.00 may also indicate a conservative financial strategy, as the company is not heavily leveraging itself with debt to fund its operations or growth initiatives. This may be seen as reassuring to investors and creditors, as it implies a lower likelihood of default or financial distress due to excessive debt levels.
In conclusion, the consistent 0.00 debt-to-equity ratio for Forward Air Corporation over the analyzed period suggests a prudent and stable financial structure with a reliance on equity for funding, reflecting a level of financial strength and risk management.
Peer comparison
Mar 31, 2025