Forward Historical Balance Sheet

FWRD Stock

USD 21.25 0.04 0.19%

Trend analysis of Forward Air balance sheet accounts such as Other Current Liabilities of 125 M or Total Current Liabilities of 286.3 M provides information on Forward Air's total assets, liabilities, and equity, which is the actual value of Forward Air to its prevalent stockholders. By breaking down trends over time using Forward Air balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Forward Air latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Forward Air is a good buy for the upcoming year.

Forward Air Inventory

1.09

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.

About Forward Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Forward Air at a specified time, usually calculated after every quarter, six months, or one year. Forward Air Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Forward Air and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Forward currently owns. An asset can also be divided into two categories, current and non-current.

Forward Air Balance Sheet Chart

At present, Forward Air's Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Other Current Liabilities is expected to grow to about 125 M, whereas Other Stockholder Equity is forecasted to decline to about 164.1 M.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Accounts Payable

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Total Assets

Total assets refers to the total amount of Forward Air assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Forward Air books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Forward Air balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Forward Air are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Accounts Payable

An accounting item on the balance sheet that represents Forward Air obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Forward Air are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most accounts from Forward Air's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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 Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Other Current Liabilities is expected to grow to about 125 M, whereas Other Stockholder Equity is forecasted to decline to about 164.1 M.

	2022	2023	2024	2025 (projected)
Short and Long Term Debt Total	277.8M	1.9B	2.2B	2.3B
Total Assets	1.2B	3.0B	3.4B	3.6B

Short Long Term Debt Total Total Assets

Forward Air balance sheet 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	-0.03	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	-0.1	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	-0.01	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	-0.08	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	0.26	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	0.0	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	-0.11	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	0.41	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	-0.03	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	0.15	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	-0.04	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	-0.07	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	0.15	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		0.11	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	-0.03	-0.1	-0.01	-0.08	0.26	0.0	-0.11	0.41	-0.03	0.15	-0.04	-0.07	0.15	0.11		-0.1	-0.04	-0.12	0.44	-0.1	0.02	0.1	-0.16	-0.35	0.84	0.86
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	-0.1		-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	-0.04	-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	-0.12	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	0.44	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	-0.1	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	0.02	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	0.1	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	-0.16	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	-0.35	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	0.84	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	0.86	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 balance sheet 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	27.9M	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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For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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 Historical Balance Sheet

Forward Air Inventory

1.09

About Forward Balance Sheet Analysis

Forward Air Balance Sheet Chart

Total Assets

Total Current Liabilities

Accounts Payable

Forward Air balance sheet Correlations

Forward Air Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Forward Air balance sheet 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	- 0.35	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