Forward Air Balance Sheet Health
Financial Health criteria checks 1/6
Forward Air has a total shareholder equity of $336.5M and total debt of $1.7B, which brings its debt-to-equity ratio to 497.2%. Its total assets and total liabilities are $3.1B and $2.7B respectively. Forward Air's EBIT is $100.6M making its interest coverage ratio 0.6. It has cash and short-term investments of $136.6M.
Key information
497.2%
Debt to equity ratio
US$1.67b
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$136.62m |
| Equity | US$336.53m |
| Total liabilities | US$2.72b |
| Total assets | US$3.06b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FA2's short term assets ($545.1M) exceed its short term liabilities ($448.7M).
Long Term Liabilities: FA2's short term assets ($545.1M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: FA2's net debt to equity ratio (456.6%) is considered high.
Reducing Debt: FA2's debt to equity ratio has increased from 12% to 497.2% over the past 5 years.
Debt Coverage: FA2's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FA2's interest payments on its debt are not well covered by EBIT (0.6x coverage).