Forward Air Corporation (FWRD) — Defensive Interval Ratio
Forward Air Corporation (FWRD) has a Defensive Interval Ratio of 276 days as of March 2026. Defensive assets of $333.78 Million (cash $-, short-term investments $-, receivables $333.78 Million) cover 276 days of daily cash needs of $1.21 Million/day. Check how tangible is Forward Air Corporation's equity to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Forward Air Corporation Defensive Interval Ratio (1993–2025)
This chart shows how Forward Air Corporation's Defensive Interval Ratio has evolved across 33 annual periods from 1993 to 2025. As of March 2026, the ratio stands at 276 days, meaning defensive assets of $333.78 Million can fund 276 days of operations without new revenue. Also explore FWRD net asset momentum to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Forward Air Corporation (1993–2025)
The table below presents the year-by-year Defensive Interval Ratio for Forward Air Corporation from 1993 to 2025, covering 33 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see Forward Air Corporation stock valuation.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 298 days | $349.71 Million | $1.17 Million/day | $- | $- | ▼ -8 days |
| 2024 | 307 days | $322.50 Million | $1.05 Million/day | $- | $- | ▲ +62 days |
| 2023 | 244 days | $158.68 Million | $649.57K/day | $- | $- | ▼ -161 days |
| 2022 | 406 days | $188.23 Million | $464.10K/day | $- | $- | ▼ -74 days |
| 2021 | 479 days | $216.18 Million | $451.21K/day | $- | $- | ▲ +146 days |
| 2020 | 333 days | $156.49 Million | $470.19K/day | $- | $- | ▼ -30 days |
| 2019 | 362 days | $136.21 Million | $375.79K/day | $- | $- | ▼ -426 days |
| 2018 | 788 days | $161.42 Million | $204.72K/day | $- | $- | ▼ -136 days |
| 2017 | 925 days | $152.38 Million | $164.75K/day | $- | $0.00 | ▲ +379 days |
| 2016 | 546 days | $116.60 Million | $213.50K/day | $- | $0.00 | ▲ +118 days |
| 2015 | 429 days | $128.04 Million | $298.75K/day | $- | $0.00 | ▼ -373 days |
| 2014 | 801 days | $95.33 Million | $118.99K/day | $- | $0.00 | ▼ -6 days |
| 2013 | 807 days | $76.50 Million | $94.82K/day | $- | $0.00 | ▼ -177 days |
| 2012 | 984 days | $75.26 Million | $76.49K/day | $- | $0.00 | ▲ +221 days |
| 2011 | 763 days | $70.92 Million | $92.96K/day | $- | $0.00 | ▼ -67 days |
| 2010 | 830 days | $62.76 Million | $75.63K/day | $- | $0.00 | ▲ +142 days |
| 2009 | 688 days | $55.72 Million | $80.95K/day | $- | $- | ▼ -158 days |
| 2008 | 846 days | $60.63 Million | $71.68K/day | $- | $- | ▲ +26 days |
| 2007 | 820 days | $60.26 Million | $73.47K/day | $- | $522.00K | ▼ -1346 days |
| 2006 | 2166 days | $113.54 Million | $52.42K/day | $- | $61.65 Million | ▲ +339 days |
| 2005 | 1827 days | $129.94 Million | $71.13K/day | $- | $79.00 Million | ▼ -360 days |
| 2004 | 2187 days | $153.74 Million | $70.29K/day | $- | $111.60 Million | ▲ +1567 days |
| 2003 | 620 days | $34.46 Million | $55.59K/day | $- | $3.00 Million | ▼ -368 days |
| 2002 | 988 days | $50.58 Million | $51.21K/day | $- | $20.27 Million | ▲ +231 days |
| 2001 | 757 days | $37.99 Million | $50.16K/day | $- | $9.22 Million | ▲ +79 days |
| 2000 | 678 days | $35.54 Million | $52.42K/day | $- | $- | ▲ +86 days |
| 1999 | 592 days | $27.34 Million | $46.17K/day | $- | $- | ▲ +152 days |
| 1998 | 440 days | $19.75 Million | $44.88K/day | $- | $- | ▲ +250 days |
| 1997 | 190 days | $17.67 Million | $92.88K/day | $- | $- | ▼ -195 days |
| 1996 | 385 days | $23.67 Million | $61.41K/day | $- | $- | ▲ +61 days |
| 1995 | 325 days | $17.80 Million | $54.79K/day | $- | $- | ▼ -125 days |
| 1994 | 449 days | $18.10 Million | $40.27K/day | $- | $- | ▼ -67 days |
| 1993 | 517 days | $12.60 Million | $24.38K/day | $- | $- | — |