Forward Air (FWRD) Debt Ratio (2009 - 2026)

Forward Air has reported Debt Ratio for 18 years, with the latest figure at 0.63 in Q1 2026.

• For the quarter ending Q1 2026, Debt Ratio rose 3.65% year-over-year to 0.63; the trailing twelve-month figure through Mar 2026 stood at 0.63 (up 3.65% YoY), and the FY2025 full-year result was 0.62, up 2.74% from the prior year.
• Debt Ratio for Q1 2026 stood at 0.63, up from 0.62 in the prior quarter.
• The five-year high for Debt Ratio was 0.63 in Q1 2026, with the low at 0.0 in Q4 2023.
• Historically, Debt Ratio has averaged 0.36 across 5 years, with a median of 0.43 in 2024.
• Annual changes were most pronounced in 2023 — Debt Ratio sank 95.58% — and 2024, when it surged 14132.56%.
• Forward Air's Debt Ratio stood at 0.1 in 2022, then tumbled by 95.58% to 0.0 in 2023, then surged by 14132.56% to 0.6 in 2024, then grew by 2.74% to 0.62 in 2025, then increased by 1.04% to 0.63 in 2026.
• The last three Debt Ratio figures came in at 0.63 (Q1 2026), 0.62 (Q4 2025), and 0.61 (Q3 2025), per Business Quant data.