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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Forward Air (FWRD) Debt Ratio (2016 - 2025)

Forward Air's Debt Ratio history spans 17 years, with the latest figure at 0.62 for Q4 2025.

  • For Q4 2025, Debt Ratio rose 2.74% year-over-year to 0.62; the TTM value through Dec 2025 reached 0.62, up 2.74%, while the annual FY2025 figure was 0.62, 2.74% up from the prior year.
  • Debt Ratio reached 0.62 in Q4 2025 per FWRD's latest filing, up from 0.61 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.62 in Q4 2025 to a low of 0.0 in Q4 2023.
  • Average Debt Ratio over 5 years is 0.3, with a median of 0.15 recorded in 2021.
  • Peak YoY movement for Debt Ratio: crashed 95.58% in 2023, then soared 14132.56% in 2024.
  • A 5-year view of Debt Ratio shows it stood at 0.14 in 2021, then plummeted by 33.62% to 0.1 in 2022, then crashed by 95.58% to 0.0 in 2023, then skyrocketed by 14132.56% to 0.6 in 2024, then rose by 2.74% to 0.62 in 2025.
  • Per Business Quant, the three most recent readings for FWRD's Debt Ratio are 0.62 (Q4 2025), 0.61 (Q3 2025), and 0.62 (Q2 2025).