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Ratios
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) Interest Coverage Ratio (2016 - 2025)

Forward Air (FWRD) has disclosed Interest Coverage Ratio for 17 consecutive years, with 0.06 as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Interest Coverage Ratio fell 104.06% year-over-year to 0.06, compared with a TTM value of 0.2 through Dec 2025, up 103.59%, and an annual FY2025 reading of 0.2, up 103.59% over the prior year.
  • Interest Coverage Ratio was 0.06 for Q4 2025 at Forward Air, down from 0.34 in the prior quarter.
  • Across five years, Interest Coverage Ratio topped out at 73.15 in Q1 2022 and bottomed at 23.18 in Q2 2024.
  • Average Interest Coverage Ratio over 5 years is 18.19, with a median of 8.04 recorded in 2023.
  • Peak annual rise in Interest Coverage Ratio hit 4338.77% in 2024, while the deepest fall reached 298.37% in 2024.
  • Year by year, Interest Coverage Ratio stood at 45.27 in 2021, then crashed by 41.22% to 26.61 in 2022, then plummeted by 100.14% to 0.04 in 2023, then surged by 4338.77% to 1.57 in 2024, then crashed by 104.06% to 0.06 in 2025.
  • Business Quant data shows Interest Coverage Ratio for FWRD at 0.06 in Q4 2025, 0.34 in Q3 2025, and 0.43 in Q2 2025.