Forward Air Balance Sheet Health
Financial Health criteria checks 1/6
Forward Air has a total shareholder equity of $1.3B and total debt of $1.7B, which brings its debt-to-equity ratio to 125.7%. Its total assets and total liabilities are $4.0B and $2.6B respectively. Forward Air's EBIT is $91.0M making its interest coverage ratio 1.3. It has cash and short-term investments of $152.0M.
Key information
125.7%
Debt to equity ratio
US$1.68b
Debt
Interest coverage ratio | 1.3x |
Cash | US$152.04m |
Equity | US$1.33b |
Total liabilities | US$2.63b |
Total assets | US$3.96b |
Recent financial health updates
We Think Forward Air (NASDAQ:FWRD) Can Stay On Top Of Its Debt
Sep 11These 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: 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 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 03Financial Position Analysis
Short Term Liabilities: FWRD's short term assets ($569.4M) exceed its short term liabilities ($444.8M).
Long Term Liabilities: FWRD's short term assets ($569.4M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: FWRD's net debt to equity ratio (114.3%) is considered high.
Reducing Debt: FWRD's debt to equity ratio has increased from 8.6% to 125.7% over the past 5 years.
Debt Coverage: FWRD's debt is not well covered by operating cash flow (3.8%).
Interest Coverage: FWRD's interest payments on its debt are not well covered by EBIT (1.3x coverage).