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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) Times Interest Earned (2016 - 2025)

Forward Air's Times Interest Earned history spans 17 years, with the latest figure at -$0.06 for Q4 2025.

  • For Q4 2025, Times Interest Earned fell 104.06% year-over-year to -$0.06; the TTM value through Dec 2025 reached $0.2, up 103.59%, while the annual FY2025 figure was $0.2, 103.59% up from the prior year.
  • Times Interest Earned reached -$0.06 in Q4 2025 per FWRD's latest filing, down from $0.34 in the prior quarter.
  • In the past five years, Times Interest Earned ranged from a high of $73.15 in Q1 2022 to a low of -$23.18 in Q2 2024.
  • Average Times Interest Earned over 5 years is $18.13, with a median of $7.29 recorded in 2023.
  • The largest YoY upside for Times Interest Earned was 1151.85% in 2024 against a maximum downside of 327.65% in 2024.
  • A 5-year view of Times Interest Earned shows it stood at $45.27 in 2021, then crashed by 41.22% to $26.61 in 2022, then plummeted by 99.53% to $0.13 in 2023, then skyrocketed by 1151.85% to $1.57 in 2024, then crashed by 104.06% to -$0.06 in 2025.
  • Per Business Quant, the three most recent readings for FWRD's Times Interest Earned are -$0.06 (Q4 2025), $0.34 (Q3 2025), and $0.43 (Q2 2025).