Forward Net Debt from 2010 to 2026

FWRD Stock  USD 28.16  1.59  5.34%   
Forward Air's Net Debt is increasing over the years with slightly volatile fluctuation. Overall, Net Debt is expected to go to about 2.5 B this year. Net Debt is the total debt of Forward Air minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. View All Fundamentals
 
Net Debt  
First Reported
1994-03-31
Previous Quarter
2.1 B
Current Value
B
Quarterly Volatility
483.2 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes
Check Forward Air financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Forward Air's main balance sheet or income statement drivers, such as Depreciation And Amortization of 173.9 M, Interest Expense of 228.5 M or Total Revenue of 3 B, as well as many indicators such as Price To Sales Ratio of 0.39, Dividend Yield of 0.0316 or PTB Ratio of 4.59. Forward financial statements analysis is a perfect complement when working with Forward Air Valuation or Volatility modules.
  
Build AI portfolio with Forward Stock
Check out the analysis of Forward Air Correlation against competitors.
For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.
Analyzing Forward Air's Net Debt over time reveals critical patterns in financial health and operational efficiency. This metric helps investors evaluate trends, identify inflection points, and make informed decisions based on historical performance. Understanding how Net Debt has evolved provides context for assessing Forward Air's current valuation and future prospects.

Latest Forward Air's Net Debt Growth Pattern

Below is the plot of the Net Debt of Forward Air over the last few years. It is the total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. Forward Air's Net Debt historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Forward Air's overall financial position and show how it may be relating to other accounts over time.
Net Debt10 Years Trend
Slightly volatile
   Net Debt   
       Timeline  

Forward Net Debt Regression Statistics

Arithmetic Mean547,076,292
Geometric Mean148,188,662
Coefficient Of Variation172.24
Mean Deviation763,276,917
Median51,431,000
Standard Deviation942,310,182
Sample Variance887948.5T
Range2.6B
R-Value0.81
Mean Square Error332572T
R-Squared0.65
Significance0.000095
Slope150,314,999
Total Sum of Squares14207175.7T

Forward Net Debt History

20262.5 B
20252.3 B
2024B
20231.8 B
2022221 M
2021282.8 M
2020203 M

Other Fundumenentals of Forward Air

Forward Air Net Debt component correlations

-0.020.98-0.640.920.880.990.940.90.120.290.860.980.450.920.910.70.660.66-0.470.110.87-0.37-0.62
-0.02-0.210.74-0.2-0.08-0.18-0.04-0.150.540.35-0.4-0.180.52-0.09-0.040.150.490.47-0.590.120.00.49-0.17
0.98-0.21-0.750.920.861.00.910.9-0.010.190.90.990.330.90.890.650.540.54-0.330.10.86-0.44-0.58
-0.640.74-0.75-0.8-0.72-0.75-0.67-0.740.270.0-0.91-0.710.03-0.74-0.59-0.39-0.14-0.15-0.020.01-0.450.610.28
0.92-0.20.92-0.80.980.930.960.940.090.330.970.880.430.980.850.70.620.6-0.440.060.67-0.41-0.56
0.88-0.080.86-0.720.980.880.950.920.160.420.930.820.550.980.790.730.70.67-0.560.10.61-0.35-0.56
0.99-0.181.0-0.750.930.880.930.910.030.220.910.990.350.920.90.670.570.57-0.360.090.86-0.44-0.59
0.94-0.040.91-0.670.960.950.930.920.170.430.90.890.50.940.890.70.660.65-0.450.040.72-0.37-0.61
0.9-0.150.9-0.740.940.920.910.920.10.270.910.860.450.950.810.740.630.67-0.440.310.68-0.45-0.57
0.120.54-0.010.270.090.160.030.170.1-0.02-0.1-0.030.430.120.120.570.510.42-0.58-0.290.040.27-0.27
0.290.350.190.00.330.420.220.430.27-0.020.290.180.50.370.2-0.040.420.47-0.340.210.16-0.15-0.02
0.86-0.40.9-0.910.970.930.910.90.91-0.10.290.860.260.940.780.560.450.46-0.290.10.61-0.54-0.48
0.98-0.180.99-0.710.880.820.990.890.86-0.030.180.860.30.860.880.60.510.52-0.30.090.89-0.42-0.57
0.450.520.330.030.430.550.350.50.450.430.50.260.30.50.30.630.860.81-0.70.130.440.18-0.13
0.92-0.090.9-0.740.980.980.920.940.950.120.370.940.860.50.820.720.70.7-0.560.170.67-0.42-0.57
0.91-0.040.89-0.590.850.790.90.890.810.120.20.780.880.30.820.60.560.58-0.340.020.79-0.2-0.61
0.70.150.65-0.390.70.730.670.70.740.57-0.040.560.60.630.720.60.750.65-0.62-0.060.56-0.14-0.58
0.660.490.54-0.140.620.70.570.660.630.510.420.450.510.860.70.560.750.96-0.880.140.6-0.03-0.28
0.660.470.54-0.150.60.670.570.650.670.420.470.460.520.810.70.580.650.96-0.820.330.6-0.05-0.26
-0.47-0.59-0.33-0.02-0.44-0.56-0.36-0.45-0.44-0.58-0.34-0.29-0.3-0.7-0.56-0.34-0.62-0.88-0.82-0.11-0.31-0.070.27
0.110.120.10.010.060.10.090.040.31-0.290.210.10.090.130.170.02-0.060.140.33-0.110.09-0.030.02
0.870.00.86-0.450.670.610.860.720.680.040.160.610.890.440.670.790.560.60.6-0.310.09-0.25-0.34
-0.370.49-0.440.61-0.41-0.35-0.44-0.37-0.450.27-0.15-0.54-0.420.18-0.42-0.2-0.14-0.03-0.05-0.07-0.03-0.250.12
-0.62-0.17-0.580.28-0.56-0.56-0.59-0.61-0.57-0.27-0.02-0.48-0.57-0.13-0.57-0.61-0.58-0.28-0.260.270.02-0.340.12
Click cells to compare fundamentals

About Forward Air Financial Statements

Forward Air stakeholders use historical fundamental indicators, such as Forward Air's Net Debt, to determine how well the company is positioned to perform in the future. Although Forward Air investors may analyze each financial statement separately, they are all interrelated. For example, changes in Forward Air's assets and liabilities are reflected in the revenues and expenses on Forward Air's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Forward Air. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Net Debt2.3 B2.5 B
Net Debt To EBITDA(2.00)(2.10)

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When determining whether Forward Air is a strong investment it is important to analyze Forward Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Forward Air's future performance. For an informed investment choice regarding Forward Stock, refer to the following important reports:
Check out the analysis of Forward Air Correlation against competitors.
For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Will Air Freight & Logistics sector continue expanding? Could Forward diversify its offerings? Factors like these will boost the valuation of Forward Air. Market participants price Forward higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Forward Air data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth
1.45
Earnings Share
(3.83)
Revenue Per Share
82.656
Quarterly Revenue Growth
(0.04)
Return On Assets
0.0154
Understanding Forward Air requires distinguishing between market price and book value, where the latter reflects Forward's accounting equity. The concept of intrinsic value - what Forward Air's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Forward Air's price substantially above or below its fundamental value.
Please note, there is a significant difference between Forward Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forward Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Forward Air's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.