Forward Air (Forward Air) Interest Expense

: $-32 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Forward Air's interest expense for the three months ended in Dec. 2023 was $ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-32 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Forward Air's Operating Income for the three months ended in Dec. 2023 was $ -8 Mil. Forward Air's Interest Expense for the three months ended in Dec. 2023 was $ -24 Mil. Forward Air did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Forward Air Interest Expense Historical Data

The historical data trend for Forward Air's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Forward Air Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-2.71

-4.56

-4.34

-5.14

-31.57

Forward Air Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-1.62	-2.36	-2.59	-2.66	-23.98

Forward Air Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-32 Mil.

Forward Air (NAS:FWRD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Forward Air's Interest Expense for the three months ended in Dec. 2023 was $-24 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,889 Mil.

Forward Air's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Forward Air did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Forward Air (Forward Air) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Forward Air Corp (NAS:FWRD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1915 Snapps Ferry Road, Building N, Greeneville, TN, USA, 37745

Website

https://www.forwardaircorp.com

Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight and Intermodal. It generates maximum revenue from the Expedited Freight segment. Expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.

Executives

Chris C Ruble	officer: Sr. Vice President, Operations	PO BOX 1058, GREENVILLIE TN 37744
Kyle R Mitchin	officer: Senior VP, Human Resources	1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745
Nancee L Ronning	officer: Chief Commercial Officer	1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745
Javier Polit	director	1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745
Mayes George S Jr	director	5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Craig Carlock	director	C/O THE FRESH MARKET, INC., 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408
George M Lynch	director	2566 KENT RIDGE COURT, BLOOMFIELD HILLS MI 48025
C Robert Campbell	director	800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Michael L Hance	officer: Senior VP, CLO and Secretary	430 AIRPORT ROAD, GREENEVILLE TN 37745
Chitra Nayak	director	1400 16TH STREET, SAN FRANCISCO CA 94103
Thomas Schmitt	officer: President & CEO	1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745
Ronald W Allen	director	P O BOX 1734, ATLANTA GA 30301
Laurie Anne Tucker	director	65 MARYS CREEK COVE NORTH, EADS TN 38028
Scott M Niswonger	director, 10 percent owner, officer: CEO & Chairman	165 MADISON AVENUE, MEMPHIS TN 38103
Rebecca J Garbrick	officer: CAO, VP and Controller	1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745