Forward Retained Earnings vs Long Term Debt Analysis

FWRD Stock

USD 30.63 0.33 1.09%

Forward Air financial indicator trend analysis is much more than just examining Forward Air latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forward Air is a good investment. Please check the relationship between Forward Air Retained Earnings and its Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.

Retained Earnings vs Long Term Debt

Retained Earnings vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forward Air Retained Earnings account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Forward Air's Retained Earnings and Long Term Debt is 0.74. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Forward Air, assuming nothing else is changed. The correlation between historical values of Forward Air's Retained Earnings and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Forward Air are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Retained Earnings i.e., Forward Air's Retained Earnings and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Long Term Debt

Long-term debt is a debt that Forward Air has held for over one year. Long-term debt appears on Forward Air balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Forward Air balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Forward Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forward Air current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.At present, Forward Air's Enterprise Value is projected to increase significantly based on the last few years of reporting.

	2022	2023	2024	2025 (projected)
Gross Profit	546.8M	330.2M	379.7M	203.2M
Total Revenue	2.0B	1.4B	1.6B	1.7B

Gross Profit Total Revenue

Forward Air fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Common Stock Total Equity	Common Stock
Total Assets		0.99	0.95	0.93	0.86	0.81	0.99	0.84	0.82	0.69	1.0	0.97	0.69	0.64	0.08	0.99	-0.11	0.87	0.14	0.99	0.98	0.89	0.57	0.29	0.21	0.17
Short Long Term Debt Total	0.99		0.92	0.88	0.77	0.71	1.0	0.75	0.72	0.72	0.99	0.99	0.72	0.52	0.01	1.0	-0.16	0.81	0.02	1.0	0.95	0.83	0.49	0.2	0.1	0.06
Other Current Liab	0.95	0.92		0.87	0.85	0.74	0.93	0.82	0.8	0.6	0.95	0.91	0.6	0.61	0.09	0.93	-0.08	0.87	0.25	0.93	0.9	0.84	0.46	0.21	0.2	0.16
Total Current Liabilities	0.93	0.88	0.87		0.9	0.93	0.88	0.81	0.93	0.54	0.92	0.82	0.54	0.8	0.01	0.88	0.08	0.95	0.19	0.9	0.93	0.92	0.81	0.53	0.22	0.19
Total Stockholder Equity	0.86	0.77	0.85	0.9		0.92	0.77	0.97	0.92	0.53	0.85	0.73	0.53	0.87	0.34	0.78	-0.03	0.87	0.49	0.8	0.87	0.93	0.62	0.43	0.54	0.52
Property Plant And Equipment Net	0.81	0.71	0.74	0.93	0.92		0.72	0.83	0.95	0.45	0.79	0.64	0.45	0.92	0.08	0.73	0.07	0.9	0.29	0.75	0.83	0.92	0.79	0.66	0.35	0.33
Net Debt	0.99	1.0	0.93	0.88	0.77	0.72		0.75	0.73	0.69	0.99	0.99	0.69	0.53	0.0	1.0	-0.16	0.81	0.04	1.0	0.95	0.82	0.5	0.2	0.08	0.04
Retained Earnings	0.84	0.75	0.82	0.81	0.97	0.83	0.75		0.83	0.64	0.82	0.73	0.64	0.77	0.49	0.76	-0.13	0.8	0.45	0.77	0.83	0.91	0.48	0.29	0.66	0.64
Accounts Payable	0.82	0.72	0.8	0.93	0.92	0.95	0.73	0.83		0.4	0.8	0.66	0.4	0.93	0.04	0.74	0.07	0.94	0.37	0.76	0.81	0.91	0.75	0.67	0.31	0.28
Cash	0.69	0.72	0.6	0.54	0.53	0.45	0.69	0.64	0.4		0.68	0.73	1.0	0.21	0.23	0.72	-0.18	0.53	-0.19	0.71	0.68	0.73	0.2	0.02	0.31	0.28
Non Current Assets Total	1.0	0.99	0.95	0.92	0.85	0.79	0.99	0.82	0.8	0.68		0.97	0.68	0.62	0.07	0.99	-0.12	0.86	0.13	1.0	0.97	0.87	0.55	0.27	0.18	0.14
Non Currrent Assets Other	0.97	0.99	0.91	0.82	0.73	0.64	0.99	0.73	0.66	0.73	0.97		0.73	0.44	0.04	0.99	-0.18	0.75	0.02	0.99	0.93	0.78	0.41	0.11	0.09	0.06
Cash And Short Term Investments	0.69	0.72	0.6	0.54	0.53	0.45	0.69	0.64	0.4	1.0	0.68	0.73		0.21	0.23	0.72	-0.18	0.53	-0.19	0.71	0.68	0.73	0.2	0.02	0.31	0.28
Net Receivables	0.64	0.52	0.61	0.8	0.87	0.92	0.53	0.77	0.93	0.21	0.62	0.44	0.21		0.16	0.53	0.09	0.8	0.53	0.57	0.65	0.81	0.74	0.71	0.44	0.43
Common Stock Shares Outstanding	0.08	0.01	0.09	0.01	0.34	0.08	0.0	0.49	0.04	0.23	0.07	0.04	0.23	0.16		0.02	-0.06	-0.03	0.47	0.02	0.12	0.19	-0.12	-0.32	0.87	0.88
Non Current Liabilities Total	0.99	1.0	0.93	0.88	0.78	0.73	1.0	0.76	0.74	0.72	0.99	0.99	0.72	0.53	0.02		-0.15	0.82	0.04	1.0	0.95	0.83	0.5	0.21	0.11	0.07
Inventory	-0.11	-0.16	-0.08	0.08	-0.03	0.07	-0.16	-0.13	0.07	-0.18	-0.12	-0.18	-0.18	0.09	-0.06	-0.15		0.05	0.03	-0.13	0.05	-0.01	0.34	0.34	0.04	0.05
Other Current Assets	0.87	0.81	0.87	0.95	0.87	0.9	0.81	0.8	0.94	0.53	0.86	0.75	0.53	0.8	-0.03	0.82	0.05		0.16	0.84	0.84	0.92	0.77	0.53	0.2	0.17
Other Stockholder Equity	0.14	0.02	0.25	0.19	0.49	0.29	0.04	0.45	0.37	-0.19	0.13	0.02	-0.19	0.53	0.47	0.04	0.03	0.16		0.05	0.16	0.22	0.11	0.16	0.62	0.61
Total Liab	0.99	1.0	0.93	0.9	0.8	0.75	1.0	0.77	0.76	0.71	1.0	0.99	0.71	0.57	0.02	1.0	-0.13	0.84	0.05		0.96	0.85	0.53	0.25	0.12	0.08
Property Plant And Equipment Gross	0.98	0.95	0.9	0.93	0.87	0.83	0.95	0.83	0.81	0.68	0.97	0.93	0.68	0.65	0.12	0.95	0.05	0.84	0.16	0.96		0.88	0.59	0.34	0.26	0.23
Total Current Assets	0.89	0.83	0.84	0.92	0.93	0.92	0.82	0.91	0.91	0.73	0.87	0.78	0.73	0.81	0.19	0.83	-0.01	0.92	0.22	0.85	0.88		0.66	0.5	0.43	0.4
Short Term Debt	0.57	0.49	0.46	0.81	0.62	0.79	0.5	0.48	0.75	0.2	0.55	0.41	0.2	0.74	-0.12	0.5	0.34	0.77	0.11	0.53	0.59	0.66		0.65	0.13	0.11
Current Deferred Revenue	0.29	0.2	0.21	0.53	0.43	0.66	0.2	0.29	0.67	0.02	0.27	0.11	0.02	0.71	-0.32	0.21	0.34	0.53	0.16	0.25	0.34	0.5	0.65		0.05	0.04
Common Stock Total Equity	0.21	0.1	0.2	0.22	0.54	0.35	0.08	0.66	0.31	0.31	0.18	0.09	0.31	0.44	0.87	0.11	0.04	0.2	0.62	0.12	0.26	0.43	0.13	0.05		1.0
Common Stock	0.17	0.06	0.16	0.19	0.52	0.33	0.04	0.64	0.28	0.28	0.14	0.06	0.28	0.43	0.88	0.07	0.05	0.17	0.61	0.08	0.23	0.4	0.11	0.04	1.0

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Forward Air Account Relationship Matchups

Forward Air fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.0B	1.1B	1.2B	3.0B	3.4B	3.6B
Short Long Term Debt Total	243.2M	320.1M	277.8M	1.9B	2.2B	2.3B
Other Current Liab	42.3M	18.7M	67.7M	103.5M	119.0M	125.0M
Total Current Liabilities	172.1M	164.7M	169.4M	237.1M	272.7M	286.3M
Total Stockholder Equity	547.3M	593.7M	707.2M	764.3M	878.9M	922.8M
Property Plant And Equipment Net	313.2M	367.3M	390.9M	369.6M	425.1M	446.3M
Net Debt	203.0M	282.8M	232.0M	1.8B	2.1B	2.2B
Retained Earnings	304.1M	334.9M	436.1M	480.3M	552.4M	580.0M
Accounts Payable	38.4M	44.8M	50.1M	45.4M	52.2M	54.9M
Cash	40.3M	37.3M	45.8M	122.0M	140.3M	147.3M
Non Current Assets Total	798.2M	835.0M	903.8M	2.6B	3.0B	3.2B
Non Currrent Assets Other	95.0M	46.3M	738K	1.8B	2.1B	2.2B
Cash And Short Term Investments	40.3M	37.3M	45.8M	122.0M	140.3M	147.3M
Net Receivables	156.5M	216.2M	188.2M	158.7M	182.5M	191.6M
Common Stock Shares Outstanding	27.7M	27.3M	26.9M	26.0M	29.9M	30.8M
Liabilities And Stockholders Equity	1.0B	1.1B	1.2B	3.0B	3.4B	3.6B
Non Current Liabilities Total	328.4M	359.5M	331.4M	2.0B	2.3B	2.4B
Inventory	2.2M	2.1M	21.0M	1.0	1.15	1.09
Other Current Assets	49.2M	51.6M	70.3M	66.4M	76.3M	80.2M
Other Stockholder Equity	242.9M	258.5M	270.9M	283.7M	326.2M	164.1M
Total Liab	500.4M	524.2M	500.8M	2.2B	2.5B	2.7B
Property Plant And Equipment Gross	380.5M	219.1M	249.1M	619.8M	712.8M	748.4M
Total Current Assets	249.5M	282.8M	304.3M	347.0M	399.1M	419.0M
Short Term Debt	91.0M	101.2M	51.6M	57.0M	65.5M	68.8M
Current Deferred Revenue	55.4M	61.6M	51.1M	31.2M	35.9M	18.4M
Common Stock Total Equity	279K	273K	270K	265K	304.8K	279.6K
Common Stock	273K	270K	265K	257K	295.6K	279.8K
Intangible Assets	145.0M	154.7M	154.8M	134.8M	155.0M	162.8M
Other Assets	41.0M	31.0M	1K	51.8M	59.6M	62.6M
Long Term Debt	112.4M	165.0M	106.6M	1.8B	2.1B	2.2B
Property Plant Equipment	213.0M	189.9M	367.3M	249.1M	286.4M	152.6M
Good Will	245.0M	266.8M	306.2M	278.7M	320.5M	336.5M
Other Liab	102.8M	130.7M	93.0M	110.1M	126.7M	133.0M
Net Tangible Assets	329.8M	272.2M	172.2M	822.0M	945.2M	992.5M
Retained Earnings Total Equity	350.0M	304.1M	334.9M	436.1M	501.5M	355.2M
Long Term Debt Total	72.2M	117.4M	155.5M	106.6M	122.6M	128.7M
Capital Surpluse	226.9M	242.9M	258.5M	270.9M	311.5M	178.9M
Capital Lease Obligations	5.0M	148.9M	161.8M	142.7M	164.1M	172.3M
Deferred Long Term Liab	43.9M	42.0M	43.4M	51.1M	58.8M	34.7M

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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:

How To Invest In Forward

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Is Forward Stock a good investment?

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What is Forward Air's Net Worth?

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Largest Air Freight & Logistics Companies

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Largest Integrated Freight & Logistics Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forward Air. If investors know Forward will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forward Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.45

Earnings Share

(29.29)

Revenue Per Share

81.783

Quarterly Revenue Growth

0.924

Return On Assets

0.0296

The market value of Forward Air is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Air's value that differs from its market value or its book value, called intrinsic value, which is Forward Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forward Air's market value can be influenced by many factors that don't directly affect Forward Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic 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. However, Forward Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Forward Retained Earnings vs Long Term Debt Analysis

Retained Earnings vs Long Term Debt

Retained Earnings vs Long Term Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Long Term Debt

Forward Air fundamental ratios Correlations

Forward Air Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Forward Air fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Net Debt
Total Liab	+ 1.0	Net Debt

Current Deferred Revenue	- 0.32	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.19	Cash And Short Term Investments
Other Stockholder Equity	- 0.19	Cash
Inventory	- 0.18	Cash And Short Term Investments
Inventory	- 0.18	Non Currrent Assets Other
Inventory	- 0.18	Cash