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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 to Equity (2016 - 2026)

Forward Air filings provide 18 years of Debt to Equity readings, the most recent being $20.87 for Q1 2026.

  • On a quarterly basis, Debt to Equity rose 179.29% to $20.87 in Q1 2026 year-over-year; TTM through Mar 2026 was $20.87, a 179.29% increase, with the full-year FY2025 number at $14.89, up 151.38% from a year prior.
  • Debt to Equity hit $20.87 in Q1 2026 for Forward Air, up from $14.89 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $20.87 in Q1 2026 to a low of $0.02 in Q4 2023.
  • Median Debt to Equity over the past 5 years was $1.27 (2024), compared with a mean of $4.6.
  • Biggest five-year swings in Debt to Equity: crashed 89.9% in 2023 and later surged 35691.37% in 2024.
  • Forward Air's Debt to Equity stood at $0.16 in 2022, then crashed by 89.9% to $0.02 in 2023, then surged by 35691.37% to $5.92 in 2024, then skyrocketed by 151.38% to $14.89 in 2025, then skyrocketed by 40.18% to $20.87 in 2026.
  • The last three reported values for Debt to Equity were $20.87 (Q1 2026), $14.89 (Q4 2025), and $8.68 (Q3 2025) per Business Quant data.