Forward Air annual debt-to-assets ratio
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2025
Forward Air Debt-to-Assets Ratio Growth & History (FWRD)
Forward Air's debt-to-assets ratio was 0.79 for fiscal 2025.
View full Forward Air company overviewForward Air annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.79 | 0.03 | +3.74% |
| 2024 | 2024-12-31 | 0.77 | 0.71 | +1368.70% |
| 2023 | 2023-12-31 | 0.05 | −0.18 | −77.31% |
| 2022 | 2022-12-31 | 0.23 | −0.06 | −19.75% |
| 2021 | 2021-12-31 | 0.29 | 0.05 | +23.30% |
| 2020 | 2020-12-31 | 0.23 | −0.00 | −0.66% |
| 2019 | 2019-12-31 | 0.23 | 0.17 | +272.99% |
| 2018 | 2018-12-31 | 0.06 | 0.00 | +6.01% |
| 2017 | 2017-12-31 | 0.06 | 0.01 | +32.50% |
| 2016 | 2016-12-31 | 0.04 | −0.08 | −63.04% |
| 2015 | 2015-12-31 | 0.12 | 0.12 | +4098.05% |
| 2014 | 2014-12-31 | 0.00 | 0.00 | +48432.67% |
| 2013 | 2013-12-31 | 0.00 | −0.00 | −95.92% |
| 2012 | 2012-12-31 | 0.00 | −0.00 | −94.40% |
| 2011 | 2011-12-31 | 0.00 | −0.15 | −98.24% |
| 2010 | 2010-12-31 | 0.15 | −0.02 | −11.87% |
| 2009 | 2009-12-31 | 0.17 | — | — |
Forward Air quarterly debt-to-assets ratio
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Q2.25
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Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.88 | 0.09 | +11.73% |
| Q1 2026 | 2026-03-31 | 0.80 | 0.03 | +3.88% |
| Q4 2025 | 2025-12-31 | 0.79 | 0.03 | +3.74% |
| Q3 2025 | 2025-09-30 | 0.77 | 0.09 | +12.93% |
| Q2 2025 | 2025-06-30 | 0.78 | 0.11 | +16.54% |
| Q1 2025 | 2025-03-31 | 0.77 | 0.25 | +47.07% |
| Q4 2024 | 2024-12-31 | 0.77 | 0.71 | +1368.70% |
| Q3 2024 | 2024-09-30 | 0.68 | 0.43 | +174.16% |
| Q2 2024 | 2024-06-30 | 0.67 | 0.41 | +159.51% |
| Q1 2024 | 2024-03-31 | 0.52 | 0.25 | +90.90% |
| Q4 2023 | 2023-12-31 | 0.05 | −0.18 | −77.31% |
| Q3 2023 | 2023-09-30 | 0.25 | 0.02 | +6.55% |
| Q2 2023 | 2023-06-30 | 0.26 | −0.01 | −3.59% |
| Q1 2023 | 2023-03-31 | 0.27 | −0.00 | −1.58% |
| Q4 2022 | 2022-12-31 | 0.23 | −0.06 | −19.75% |
| Q3 2022 | 2022-09-30 | 0.23 | −0.05 | −17.76% |
| Q2 2022 | 2022-06-30 | 0.27 | −0.02 | −6.57% |
| Q1 2022 | 2022-03-31 | 0.28 | 0.03 | +13.61% |
| Q4 2021 | 2021-12-31 | 0.29 | 0.05 | +23.30% |
| Q3 2021 | 2021-09-30 | 0.28 | 0.06 | +28.05% |
| Q2 2021 | 2021-06-30 | 0.29 | 0.04 | +18.12% |
| Q1 2021 | 2021-03-31 | 0.24 | −0.05 | −15.54% |
| Q4 2020 | 2020-12-31 | 0.23 | −0.00 | −0.66% |
| Q3 2020 | 2020-09-30 | 0.22 | 0.05 | +30.60% |
| Q2 2020 | 2020-06-30 | 0.24 | 0.02 | +9.90% |
| Q1 2020 | 2020-03-31 | 0.29 | 0.09 | +41.65% |
| Q4 2019 | 2019-12-31 | 0.23 | 0.17 | +272.99% |
| Q3 2019 | 2019-09-30 | 0.17 | 0.17 | +27082.51% |
| Q2 2019 | 2019-06-30 | 0.22 | 0.22 | +27783.23% |
| Q1 2019 | 2019-03-31 | 0.20 | 0.20 | +21642.49% |
| Q4 2018 | 2018-12-31 | 0.06 | 0.00 | +6.01% |
| Q3 2018 | 2018-09-30 | 0.00 | −0.00 | −54.80% |
| Q2 2018 | 2018-06-30 | 0.00 | −0.00 | −52.85% |
| Q1 2018 | 2018-03-31 | 0.00 | −0.00 | −43.17% |
| Q4 2017 | 2017-12-31 | 0.06 | 0.01 | +32.50% |
| Q3 2017 | 2017-09-30 | 0.00 | −0.00 | −27.21% |
| Q2 2017 | 2017-06-30 | 0.00 | −0.00 | −16.94% |
| Q1 2017 | 2017-03-31 | 0.00 | −0.00 | −13.90% |
| Q4 2016 | 2016-12-31 | 0.04 | −0.08 | −63.04% |
| Q3 2016 | 2016-09-30 | 0.00 | −0.00 | −17.52% |
| Q2 2016 | 2016-06-30 | 0.00 | −0.00 | −20.51% |
| Q1 2016 | 2016-03-31 | 0.00 | −0.00 | −32.28% |
| Q4 2015 | 2015-12-31 | 0.12 | 0.12 | +4098.05% |
| Q3 2015 | 2015-09-30 | 0.00 | −0.00 | −26.48% |
| Q2 2015 | 2015-06-30 | 0.00 | −0.00 | −22.09% |
| Q1 2015 | 2015-03-31 | 0.00 | 0.00 | +2.69% |
| Q4 2014 | 2014-12-31 | 0.00 | 0.00 | +48432.67% |
| Q3 2014 | 2014-09-30 | 0.00 | 0.00 | +38381.02% |
| Q2 2014 | 2014-06-30 | 0.00 | 0.00 | +6567.02% |
| Q1 2014 | 2014-03-31 | 0.00 | 0.00 | +3232.05% |
| Q4 2013 | 2013-12-31 | 0.00 | −0.00 | −95.92% |
| Q3 2013 | 2013-09-30 | 0.00 | −0.00 | −96.42% |
| Q2 2013 | 2013-06-30 | 0.00 | −0.00 | −86.90% |
| Q1 2013 | 2013-03-31 | 0.00 | −0.00 | −86.73% |
| Q4 2012 | 2012-12-31 | 0.00 | −0.00 | −94.40% |
| Q3 2012 | 2012-09-30 | 0.00 | −0.13 | −99.83% |
| Q2 2012 | 2012-06-30 | 0.00 | −0.13 | −99.72% |
| Q1 2012 | 2012-03-31 | 0.00 | −0.14 | −99.55% |
| Q4 2011 | 2011-12-31 | 0.00 | −0.15 | −98.24% |
| Q3 2011 | 2011-09-30 | 0.13 | −0.01 | −9.79% |
| Q2 2011 | 2011-06-30 | 0.13 | −0.02 | −15.72% |
| Q1 2011 | 2011-03-31 | 0.14 | — | — |
| Q4 2010 | 2010-12-31 | 0.15 | −0.02 | −11.87% |
| Q3 2010 | 2010-09-30 | 0.15 | — | — |
| Q2 2010 | 2010-06-30 | 0.16 | — | — |
| Q4 2009 | 2009-12-31 | 0.17 | — | — |
Forward Air debt-to-assets ratio trends
Over the last five fiscal years, Forward Air's debt-to-assets ratio increased from 0.23 to 0.79, a change of 0.56. The latest reported quarter, Q2 2026, shows 0.88.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Forward Air source filings ↗