FWRD (Forward Air) Long-Term Debt: $1,690 Mil (As of Mar. 2026)

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FWRD Forward Air Corp FWRD
56 GF Score
Price $14.67
GF Value $32.72
Valuation Possible Value Trap
! 7 Warning Signs
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What is Forward Air Long-Term Debt?

Forward Air FWRD +4.38% 56 Long-Term Debt is $1,690 Mil as of Mar. 2026. GuruFocus rates FWRD with a GF Score™ of 56/100 and a GF Value™ of $32.72 (Possible Value Trap). The stock has 7 warning signs investors should review.

Forward Air's Long-Term Debt for the quarter that ended in Mar. 2026 was $1,690 Mil.

Forward Air's quarterly Long-Term Debt increased from Sep. 2025 ($1,684 Mil) to Dec. 2025 ($1,687 Mil) and increased from Dec. 2025 ($1,687 Mil) to Mar. 2026 ($1,690 Mil).

Forward Air's annual Long-Term Debt declined from Dec. 2023 ($1,791 Mil) to Dec. 2024 ($1,676 Mil) but then increased from Dec. 2024 ($1,676 Mil) to Dec. 2025 ($1,687 Mil).

Forward Air  (NAS:FWRD) Long-Term Debt Explanation

Long-Term Debt is the sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer. Long-Term Debt includes notes payable, bonds payable, mortgage loans, convertible debt, subordinated debt and other types of long term debt.

Forward Air Long-Term Debt Related Terms

Forward Air Long-Term Debt Historical Data

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The historical data trend for Forward Air's Long-Term Debt 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.

Forward Air Long-Term Debt Chart

Forward Air Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Long-Term Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 155.47 106.59 1,790.50 1,675.93 1,687.25

Forward Air Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Long-Term Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,678.65 1,681.47 1,684.32 1,687.25 1,690.25
FWRD
56GF Score
Forward Air Corp FWRD
Long-Term Debt is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Long-Term Debt →
What does a Long-Term Debt of $1,690 Mil mean?
Forward Air (FWRD) has a Long-Term Debt of $1,690 Mil as of Mar. 2026.
Is Forward Air's Long-Term Debt too high?
Forward Air's current Long-Term Debt is $1,690 Mil. Overall, Forward Air has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forward Air's Long-Term Debt compare to RLGT and CYRX?
Forward Air's Long-Term Debt of $1,690 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Long-Term Debt for a Transportation company?
A good Long-Term Debt depends on the Transportation industry context. However, Long-Term Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Long-Term Debt mean?
A high Long-Term Debt can signal that a stock is expensive relative to its fundamentals. Forward Air's current Long-Term Debt is $1,690 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Air stock overvalued right now?
Based on GuruFocus' analysis, Forward Air (FWRD) is currently considered Possible Value Trap. The stock's GF Value™ is $32.72, compared to a current price of $14.67 — trading 55.2% below its estimated fair value. The current Long-Term Debt is $1,690 Mil. Forward Air's overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Long-Term Debt calculated?
Long-Term Debt is calculated from a company's financial statements. For Forward Air (FWRD), the current Long-Term Debt is $1,690 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Forward Air (FWRD) Overvalued in 2026?

Based on GuruFocus' analysis, Forward Air stock appears to be undervalued. The current stock price of $14.67 is trading 55.2% below its estimated GF Value™ of $32.72. GuruFocus considers Forward Air to be Possible Value Trap.

Key valuation signals for FWRD:

  • Long-Term Debt: $1,690 Mil
  • GF Value™: $32.72 vs. price of $14.67 (55.2% below fair value)
  • GF Score™: 56/100 with 7 warning signs

No single metric tells the full story. See the FWRD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Forward Air Business Description

Address 3200 Olympus Boulevard, Suite 300, Dallas, TX, USA, 75019
Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight, Omni Logistics, and Intermodal and Corporate. The company generates maximum revenue from the Omni Logistics 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 North and South America, Europe, and Asia.
56GF Score

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Long-Term Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.67
Price
$32.72
GF Value