Forward Air Balance Sheet Health
Financial Health criteria checks 1/6
Forward Air has a total shareholder equity of $364.2M and total debt of $1.7B, which brings its debt-to-equity ratio to 460.5%. Its total assets and total liabilities are $3.1B and $2.7B respectively. Forward Air's EBIT is $75.3M making its interest coverage ratio 0.7. It has cash and short-term investments of $84.9M.
Key information
460.5%
Debt to equity ratio
US$1.68b
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$84.89m |
| Equity | US$364.22m |
| Total liabilities | US$2.70b |
| Total assets | US$3.07b |
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 12Recent updates
Forward Air (NASDAQ:FWRD) Could Be Struggling To Allocate Capital
Oct 02Forward Air: Making Some Progress After A Considerable Mess
Oct 01Forward Air Corporation (NASDAQ:FWRD) Stock Rockets 27% But Many Are Still Ignoring The Company
Aug 27Forward Air: Freight Recession And Omni Drama Do Not Make The Stock Appealing
Jul 21Forward Air: A Show-Me Story That Could Unveil Upside Potential (Rating Upgrade)
May 06Forward 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 07Financial Position Analysis
Short Term Liabilities: FWRD's short term assets ($558.6M) exceed its short term liabilities ($420.0M).
Long Term Liabilities: FWRD's short term assets ($558.6M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: FWRD's net debt to equity ratio (437.2%) is considered high.
Reducing Debt: FWRD's debt to equity ratio has increased from 10.5% to 460.5% over the past 5 years.
Debt Coverage: FWRD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FWRD's interest payments on its debt are not well covered by EBIT (0.7x coverage).