Forward Air (FWRD) Short term Debt (2009 - 2025)
Forward Air (FWRD) recorded Short term Debt of $16.51 million in Q3 2025, down 1.4% from $16.74 million a year earlier and down 2.2% from the prior quarter.
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Analysis
Forward Air (FWRD) Short term Debt (2009 - 2025) Analysis & Trends
At the end of FY2024, Forward Air reported Short term Debt of $16.93 million, up 33.9% from FY2023.
- Annual Short term Debt has increased for five straight years, with a five-year compound annual growth rate of 64.1% (FY2019 to FY2024).
- Across earlier years, Short term Debt came in at $12.65 million in FY2023 (+35.7%), $9.32 million in FY2022 (+53.0%), $6.09 million in FY2021 (+238.0%) and $1.8 million in FY2020 (+26.7%).
- The Q3 2025 figure is the lowest quarterly Short term Debt since Q4 2023.
- On a year-over-year basis, Short term Debt rose in five of the last eight quarters, with growth averaging 25.6%.
- Peak year-over-year performance for Short term Debt in the last five years was growth of 328.6% in Q3 2022, against a decline of 38.0% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $16.88 million (Q2 2025), $17.45 million (Q1 2025) and $16.93 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn |
| 10 | Forward Air | 506.38 Mn | -27.68 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 16.51 Mn |
| Jun 30, 2025 | 16.88 Mn |
| Mar 31, 2025 | 17.45 Mn |
| Dec 31, 2024 | 16.93 Mn |
| Sep 30, 2024 | 16.74 Mn |
| Jun 30, 2024 | 16.88 Mn |
| Mar 31, 2024 | 28.13 Mn |
| Dec 31, 2023 | 12.65 Mn |
| Sep 30, 2023 | 15.05 Mn |
| Jun 30, 2023 | 13.96 Mn |
| Mar 31, 2023 | 11.62 Mn |
| Dec 31, 2022 | 9.32 Mn |
| Sep 30, 2022 | 7.89 Mn |
| Jun 30, 2022 | 7.51 Mn |
| Mar 31, 2022 | 6.07 Mn |
| Dec 31, 2021 | 6.09 Mn |
| Sep 30, 2021 | 1.84 Mn |
| Jun 30, 2021 | 1.87 Mn |
| Mar 31, 2021 | 1.91 Mn |
| Dec 31, 2020 | 1.80 Mn |
API Access
Forward Air Short term Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=short-term-debt&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "short-term-debt", "ticker": "FWRD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=short-term-debt&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();