FWRD (Forward Air) Debt-to-Asset : 0.68 (As of Sep. 2024)

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What is Forward Air Debt-to-Asset?

Forward Air's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $106 Mil. Forward Air's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,982 Mil. Forward Air's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $3,056 Mil. Forward Air's debt to asset for the quarter that ended in Sep. 2024 was 0.68.

Forward Air Debt-to-Asset Historical Data

The historical data trend for Forward Air's Debt-to-Asset 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 Debt-to-Asset Chart

Forward Air Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.18

0.23

0.29

0.22

0.65

Forward Air Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.25	0.65	0.52	0.67	0.68

Competitive Comparison of Forward Air's Debt-to-Asset

For the Integrated Freight & Logistics subindustry, Forward Air's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Forward Air's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Forward Air's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Forward Air's Debt-to-Asset falls into.

Forward Air Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Forward Air's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(56.989	+	1888.834)	/	2979.533
	=	0.65

Forward Air's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(106.307	+	1981.866)	/	3055.84
	=	0.68

Forward Air (NAS:FWRD) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Forward Air Debt-to-Asset Related Terms

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Forward Air Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Forward Air Corp (NAS:FWRD) » Definitions » Debt-to-Asset

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. The company generates maximum revenue from the Expedited Freight segment. The 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. The Company conducts business in the United States, Canada, and Mexico.

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
Valerie A Bonebrake	director	1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745