Forward Air Corporation Cash Flow-to-Debt Ratio
Forward Air Corporation cash flow-to-debt ratio. Forward Air Corporation (FWRD) has a Cash Flow-to-Debt Ratio of 0.00x as of June 2026, meaning its operating cash flow of $-4.88 Million could theoretically repay 0% of its total liabilities ($2.53 Billion) in one year. Check Forward Air Corporation (FWRD) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of Forward Air Corporation (1993–2025)
Cash flow-to-debt ratio of Forward Air Corporation from 1993 to 2025. Historical debt coverage capacity for Forward Air Corporation across 33 annual periods. Check FWRD cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Forward Air Corporation Cash Flow-to-Debt Ratio by Year (1993–2025)
Forward Air Corporation cash flow-to-debt ratio by year from 1993 to 2025. Year-by-year debt coverage analysis for Forward Air Corporation. For the full cash flow conversion analysis, see how efficiently does Forward Air Corporation generate cash.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.02x | $44.38 Million | $2.58 Billion | ▲ +157.4% |
| 2024 | -0.03x | $-75.40 Million | $2.52 Billion | ▼ -136.6% |
| 2023 | 0.08x | $181.39 Million | $2.22 Billion | ▼ -84.2% |
| 2022 | 0.52x | $259.09 Million | $500.83 Million | ▲ +125.5% |
| 2021 | 0.23x | $120.26 Million | $524.17 Million | ▲ +36.4% |
| 2020 | 0.17x | $84.11 Million | $500.06 Million | ▼ -56.9% |
| 2019 | 0.39x | $161.48 Million | $413.70 Million | ▼ -47.0% |
| 2018 | 0.74x | $152.55 Million | $206.97 Million | ▲ +10.0% |
| 2017 | 0.67x | $103.36 Million | $154.23 Million | ▼ -26.9% |
| 2016 | 0.92x | $130.35 Million | $142.22 Million | ▲ +103.3% |
| 2015 | 0.45x | $85.72 Million | $190.12 Million | ▼ -61.5% |
| 2014 | 1.17x | $91.66 Million | $78.24 Million | ▼ -9.2% |
| 2013 | 1.29x | $90.84 Million | $70.40 Million | ▼ -10.6% |
| 2012 | 1.44x | $68.59 Million | $47.52 Million | ▲ +1.7% |
| 2011 | 1.42x | $76.96 Million | $54.25 Million | ▲ +143.6% |
| 2010 | 0.58x | $53.99 Million | $92.71 Million | ▲ +6.8% |
| 2009 | 0.55x | $50.18 Million | $91.99 Million | ▼ -15.9% |
| 2008 | 0.65x | $59.08 Million | $91.09 Million | ▼ -27.1% |
| 2007 | 0.89x | $62.39 Million | $70.15 Million | ▼ -52.9% |
| 2006 | 1.89x | $52.47 Million | $27.79 Million | ▲ +24.5% |
| 2005 | 1.52x | $51.23 Million | $33.78 Million | ▲ +36.0% |
| 2004 | 1.12x | $37.41 Million | $33.55 Million | ▼ -6.7% |
| 2003 | 1.20x | $32.74 Million | $27.38 Million | ▲ +8.5% |
| 2002 | 1.10x | $29.95 Million | $27.16 Million | ▼ -5.7% |
| 2001 | 1.17x | $35.53 Million | $30.37 Million | ▲ +12.4% |
| 2000 | 1.04x | $33.83 Million | $32.52 Million | ▲ +27.7% |
| 1999 | 0.82x | $20.10 Million | $24.66 Million | ▲ +1521.4% |
| 1998 | 0.05x | $1.90 Million | $37.74 Million | ▼ -84.9% |
| 1997 | 0.33x | $22.56 Million | $67.87 Million | ▲ +53.5% |
| 1996 | 0.22x | $12.52 Million | $57.81 Million | ▼ -15.4% |
| 1995 | 0.26x | $15.80 Million | $61.70 Million | ▲ +28.6% |
| 1994 | 0.20x | $9.20 Million | $46.20 Million | ▲ +154.2% |
| 1993 | 0.08x | $1.70 Million | $21.70 Million | — |