Forward Air Balance Sheet Health
Financial Health criteria checks 2/6
Forward Air has a total shareholder equity of $764.3M and total debt of $1.8B, which brings its debt-to-equity ratio to 234.3%. Its total assets and total liabilities are $3.0B and $2.2B respectively. Forward Air's EBIT is $145.7M making its interest coverage ratio 4.6. It has cash and short-term investments of $122.0M.
Key information
234.3%
Debt to equity ratio
US$1.79b
Debt
| Interest coverage ratio | 4.6x |
| Cash | US$121.97m |
| Equity | US$764.26m |
| Total liabilities | US$2.22b |
| Total assets | US$2.98b |
Recent financial health updates
We Think Forward Air (NASDAQ:FWRD) Can Stay On Top Of Its Debt
Sep 11
These 4 Measures Indicate That Forward Air (NASDAQ:FWRD) Is Using Debt Safely
Jun 13Is Forward Air (NASDAQ:FWRD) A Risky Investment?
Mar 12Forward Air (NASDAQ:FWRD) Could Easily Take On More Debt
Sep 09Recent updates
Forward Air And Its Real Value
Feb 11Forward Air: Understated Downside Risk As The Deal Is Set To Close
Jan 24We Think Forward Air (NASDAQ:FWRD) Can Stay On Top Of Its Debt
Sep 11Forward Air (NASDAQ:FWRD) Is Paying Out A Dividend Of $0.24
Aug 12At US$112, Is Forward Air Corporation (NASDAQ:FWRD) Worth Looking At Closely?
Aug 04Is Now The Time To Put Forward Air (NASDAQ:FWRD) On Your Watchlist?
Jun 25These 4 Measures Indicate That Forward Air (NASDAQ:FWRD) Is Using Debt Safely
Jun 13Forward Air (NASDAQ:FWRD) Could Become A Multi-Bagger
Jun 01Forward Air (NASDAQ:FWRD) Is Due To Pay A Dividend Of $0.24
May 15Estimating The Intrinsic Value Of Forward Air Corporation (NASDAQ:FWRD)
Apr 21With EPS Growth And More, Forward Air (NASDAQ:FWRD) Makes An Interesting Case
Mar 24Is Forward Air (NASDAQ:FWRD) A Risky Investment?
Mar 12Forward Air (NASDAQ:FWRD) Is Due To Pay A Dividend Of $0.24
Feb 12Should You Investigate Forward Air Corporation (NASDAQ:FWRD) At US$97.81?
Feb 10Returns on Capital Paint A Bright Future For Forward Air (NASDAQ:FWRD)
Jan 29An Intrinsic Calculation For Forward Air Corporation (NASDAQ:FWRD) Suggests It's 28% Undervalued
Dec 07Is Now The Time To Put Forward Air (NASDAQ:FWRD) On Your Watchlist?
Nov 11Under The Bonnet, Forward Air's (NASDAQ:FWRD) Returns Look Impressive
Oct 05Forward Air reports mid-quarter 16% growth in revenue per shipment through August
Sep 12Forward Air (NASDAQ:FWRD) Could Easily Take On More Debt
Sep 09Forward Air Corporation (NASDAQ:FWRD) Shares Could Be 41% Below Their Intrinsic Value Estimate
Aug 26Forward Air goes ex-dividend tomorrow
Aug 16With EPS Growth And More, Forward Air (NASDAQ:FWRD) Makes An Interesting Case
Aug 03Forward Air GAAP EPS of $2.04 beats by $0.14, revenue of $515.22M in-line
Jul 27Should You Investigate Forward Air Corporation (NASDAQ:FWRD) At US$96.25?
Jul 21Forward Air raises Q2 EPS and revenue view above estimates
Jul 19Financial Position Analysis
Short Term Liabilities: FWRD's short term assets ($347.0M) exceed its short term liabilities ($237.1M).
Long Term Liabilities: FWRD's short term assets ($347.0M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: FWRD's net debt to equity ratio (218.3%) is considered high.
Reducing Debt: FWRD's debt to equity ratio has increased from 8.5% to 234.3% over the past 5 years.
Debt Coverage: FWRD's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: FWRD's interest payments on its debt are well covered by EBIT (4.6x coverage).