Forward Air (Forward Air) Short-Term Debt & Capital Lease Obligation

: $57 Mil (As of Dec. 2023)

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Short-Term Debt & Capital Lease Obligation is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. Forward Air's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $57 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Forward Air's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,889 Mil.

Forward Air Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Forward Air's Short-Term Debt & Capital Lease Obligation 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

Short-Term Debt & Capital Lease Obligation

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37.31

45.48

53.62

51.58

56.99

Forward Air Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															51.58	63.76	66.76	66.57	56.99

Forward Air Short-Term Debt & Capital Lease Obligation Calculation

This is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt.

In the notes to balance sheet in annual (10-K) or quarterly (10-Q) reports, companies usually break down the details of the debt, their due dates, the interest rates etc.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Forward Air Short-Term Debt & Capital Lease Obligation Related Terms

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Forward Air (Forward Air) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Forward Air Corp (NAS:FWRD) » Definitions » Short-Term Debt & Capital Lease Obligation

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