Forward Air Corporation FWRD NASDAQ

Forward Air Corporation (FWRD) reported total assets of $2.74B and total liabilities of $2.58B for quarter ending 2025-12-31, resulting in total equity of $161.66M.

The company held $106M in cash and short-term investments. Total debt stood at $2.16B, with net debt of $2.05B. The Debt-to-Equity (D/E) ratio was 13.36 (leveraged).

Current ratio is 1.22, suggesting adequate short-term liquidity. Interest coverage is -0.1x (weak).

Criteria supported by this page:

• HEALTH (17/100, Fail) — the balance sheet shows elevated risk in debt or liquidity metrics
• MOAT (32/100) — Total assets $2.74B and equity $161.66M support the company's competitive scale
• VALUE (100/100) — Debt-to-Equity 13.36 contributes to the overall valuation risk assessment

Overall SharesGrow Score: 44/100 with 1/7 criteria passed.