Forward Air Corporation (FWRD) — Net Asset Quality Index
Forward Air Corporation (FWRD) has a Net Asset Quality Index of -5.1% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $2.41 Billion minus total liabilities of $2.53 Billion yields net assets of $-122.67 Million. A higher index indicates a stronger, lower-leverage balance sheet. For live market cap and overall valuation, see FWRD market cap.
Quality Index
Net Assets
Total Assets
Total Liabilities
Forward Air Corporation Net Asset Quality Index Over Time (1993–2025)
This chart shows how Forward Air Corporation's Net Asset Quality Index has evolved across 33 annual periods from 1993 to 2025. As of June 2026, the index stands at -5.1%, representing net assets of $-122.67 Million against total assets of $2.41 Billion USD. See what is Forward Air Corporation's book value for net asset value and shareholders' equity analysis.
Annual Net Asset Quality Index for Forward Air Corporation (1993–2025)
The table below presents the year-by-year Net Asset Quality Index for Forward Air Corporation from 1993 to 2025, covering 33 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check FWRD strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 5.9% | $161.66 Million | $2.74 Billion | $2.58 Billion | ▼ -4.3 pp |
| 2024 | 10.2% | $285.87 Million | $2.80 Billion | $2.52 Billion | ▼ -15.5 pp |
| 2023 | 25.7% | $764.26 Million | $2.98 Billion | $2.22 Billion | ▼ -32.9 pp |
| 2022 | 58.5% | $707.24 Million | $1.21 Billion | $500.83 Million | ▲ +5.4 pp |
| 2021 | 53.1% | $593.65 Million | $1.12 Billion | $524.17 Million | ▲ +0.9 pp |
| 2020 | 52.3% | $547.33 Million | $1.05 Billion | $500.06 Million | ▼ -6.0 pp |
| 2019 | 58.2% | $577.18 Million | $990.88 Million | $413.70 Million | ▼ -14.5 pp |
| 2018 | 72.8% | $553.24 Million | $760.22 Million | $206.97 Million | ▼ -4.8 pp |
| 2017 | 77.6% | $533.49 Million | $687.72 Million | $154.23 Million | ▼ -0.2 pp |
| 2016 | 77.8% | $499.07 Million | $641.29 Million | $142.22 Million | ▲ +5.0 pp |
| 2015 | 72.8% | $510.06 Million | $700.17 Million | $190.12 Million | ▼ -12.7 pp |
| 2014 | 85.6% | $463.56 Million | $541.80 Million | $78.24 Million | ▼ -0.5 pp |
| 2013 | 86.1% | $435.87 Million | $506.27 Million | $70.40 Million | ▼ -2.0 pp |
| 2012 | 88.1% | $351.67 Million | $399.19 Million | $47.52 Million | ▲ +4.0 pp |
| 2011 | 84.1% | $286.90 Million | $341.15 Million | $54.25 Million | ▲ +10.7 pp |
| 2010 | 73.4% | $256.09 Million | $348.80 Million | $92.71 Million | ▲ +2.5 pp |
| 2009 | 70.9% | $224.65 Million | $316.64 Million | $91.99 Million | ▲ +0.6 pp |
| 2008 | 70.4% | $216.43 Million | $307.53 Million | $91.09 Million | ▼ -0.6 pp |
| 2007 | 71.0% | $171.73 Million | $241.88 Million | $70.15 Million | ▼ -16.0 pp |
| 2006 | 87.0% | $185.23 Million | $213.01 Million | $27.79 Million | ▲ +2.8 pp |
| 2005 | 84.1% | $178.82 Million | $212.60 Million | $33.78 Million | ▼ -0.3 pp |
| 2004 | 84.4% | $181.00 Million | $214.55 Million | $33.55 Million | ▲ +0.0 pp |
| 2003 | 84.4% | $147.71 Million | $175.09 Million | $27.38 Million | ▲ +3.0 pp |
| 2002 | 81.3% | $118.35 Million | $145.51 Million | $27.16 Million | ▲ +3.5 pp |
| 2001 | 77.8% | $106.58 Million | $136.96 Million | $30.37 Million | ▲ +5.9 pp |
| 2000 | 72.0% | $83.45 Million | $115.97 Million | $32.52 Million | ▲ +2.9 pp |
| 1999 | 69.0% | $54.95 Million | $79.62 Million | $24.66 Million | ▲ +35.4 pp |
| 1998 | 33.6% | $19.07 Million | $56.81 Million | $37.74 Million | ▼ -9.1 pp |
| 1997 | 42.6% | $50.46 Million | $118.33 Million | $67.87 Million | ▲ +1.0 pp |
| 1996 | 41.6% | $41.26 Million | $99.07 Million | $57.81 Million | ▲ +4.4 pp |
| 1995 | 37.2% | $36.60 Million | $98.30 Million | $61.70 Million | ▼ -3.5 pp |
| 1994 | 40.8% | $31.80 Million | $78.00 Million | $46.20 Million | ▼ -14.9 pp |
| 1993 | 55.7% | $27.30 Million | $49.00 Million | $21.70 Million | — |