Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 87.52% is 71% above its 5-year average of 51.08%, near the high end of its 5-year range (22.08%–87.52%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.00% above its 12-month average of 80.29%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 87.52%.
DEBT TO ASSETS RATIO
87.52%
DEBT TO ASSETS RATIO AVG TTM
80.29%
DEBT TO ASSETS RATIO AVG 3Y
73.48%
DEBT TO ASSETS RATIO AVG 5Y
51.08%
DEBT TO ASSETS RATIO AVG 10Y
33.52%
DEBT TO ASSETS RATIO AVG 15Y
14.07%
DEBT TO ASSETS RATIO AVG 20Y
13.32%
CURRENT VS TTM AVG
+9.00%
CURRENT VS 3Y AVG
+19.10%
CURRENT VS 5Y AVG
+71.32%
CURRENT VS 10Y AVG
+161.11%
CURRENT VS 15Y AVG
+522.10%
CURRENT VS 20Y AVG
+557.10%
SECTOR MEDIAN · INDUSTRIALS
0.25%
median of 345 covered companies
CURRENT VS SECTOR MEDIAN
+34908.16%
vs the sector median at left
Forward Air Corporation
Market Cap
$481.51M
Debt to Assets Ratio
87.52%
TTM Avg
80.29%
3Y Avg
73.48%
5Y Avg
51.08%
Market Cap
$486.90M
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$487.84M
Debt to Assets Ratio
0.51%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$494.86M
Debt to Assets Ratio
0.49%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$508.04M
Debt to Assets Ratio
0.06%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$445.71M
Debt to Assets Ratio
0.22%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$546.73M
Debt to Assets Ratio
0.06%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Forward Air Corporation (FWRD) | $481.51M | 87.52% | 80.29% | 73.48% | 51.08% |
| Accelevation Holdings Corp. (ACCV)vs › | $486.90M | N/A | N/A | N/A | N/A |
| Columbus McKinnon Corporation (CMCO)vs › | $487.84M | 0.51% | N/A | N/A | N/A |
| Concrete Pumping Holdings, Inc. (BBCP)vs › | $494.86M | 0.49% | N/A | N/A | N/A |
| Kelly Services, Inc. (KELYB)vs › | $508.04M | 0.06% | N/A | N/A | N/A |
| BUUU Group Ltd (BUUU)vs › | $457.27M | 0.34% | N/A | N/A | N/A |
| Euroseas Ltd. (ESEA)vs › | $516.98M | 0.27% | N/A | N/A | N/A |
| Cardinal Infrastructure Group Inc. (CDNL)vs › | $445.71M | 0.22% | N/A | N/A | N/A |
| Kelly Services, Inc. (KELYA)vs › | $546.73M | 0.06% | N/A | N/A | N/A |
| Aduro Clean Technologies Inc. (ADUR)vs › | $416.16M | 0.01% | N/A | N/A | N/A |
Debt/Assets
87.5%
Debt/Equity
N/A
Current Ratio
1.32
Interest Coverage
0.2x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 87.52% |
| 2026-03-31 | 79.77% |
| 2025-12-31 | 78.68% |
| 2025-09-30 | 77.17% |
| 2025-06-30 | 78.33% |
| 2025-03-31 | 76.79% |
| 2024-12-31 | 76.56% |
| 2024-09-30 | 68.33% |
| 2024-06-30 | 67.21% |
| 2024-03-31 | 52.21% |
| 2023-12-31 | 65.73% |
| 2023-09-30 | 24.92% |
| 2023-06-30 | 25.90% |
| 2023-03-31 | 27.35% |
| 2022-12-31 | 22.08% |
| 2022-09-30 | 23.39% |
| 2022-06-30 | 26.86% |
| 2022-03-31 | 27.79% |
| 2021-12-31 | 28.63% |
| 2021-09-30 | 28.62% |
| 2021-06-30 | 28.92% |
| 2021-03-31 | 24.65% |
| 2020-12-31 | 23.22% |
| 2020-09-30 | 22.36% |
| 2020-06-30 | 24.48% |
| 2020-03-31 | 29.09% |
| 2019-12-31 | 18.09% |
| 2019-09-30 | 35.18% |
| 2019-06-30 | 32.91% |
| 2019-03-31 | 30.60% |
| 2018-12-31 | 6.27% |
| 2018-09-30 | 5.48% |
| 2018-06-30 | 5.74% |
| 2018-03-31 | 5.92% |
| 2017-12-31 | 6.01% |
| 2017-09-30 | 6.15% |
| 2017-06-30 | 3.25% |
| 2017-03-31 | 2.18% |
| 2016-12-31 | 4.48% |
| 2016-09-30 | 6.65% |
| 2016-06-30 | 8.79% |
| 2016-03-31 | 10.24% |
| 2015-12-31 | 12.10% |
| 2015-09-30 | 14.13% |
| 2015-06-30 | 15.91% |
| 2015-03-31 | 17.75% |
| 2014-12-31 | 0.29% |
| 2014-09-30 | 0.31% |
| 2014-06-30 | 0.32% |
| 2014-03-31 | 0.34% |
| 2013-12-31 | 0.01% |
| 2013-09-30 | 0.02% |
| 2013-06-30 | 0.03% |
| 2013-03-31 | 0.05% |
| 2012-12-31 | 0.08% |
| 2012-09-30 | 0.12% |
| 2012-06-30 | 0.17% |
| 2012-03-31 | 0.21% |
| 2011-12-31 | 0.26% |
| 2011-09-30 | 13.62% |
| 2011-06-30 | 13.37% |
| 2011-03-31 | 13.95% |
| 2010-12-31 | 14.77% |
| 2010-09-30 | 15.12% |
| 2010-06-30 | 15.91% |
| 2010-03-31 | 16.48% |
| 2009-12-31 | 16.76% |
| 2009-09-30 | 17.44% |
| 2009-06-30 | 17.64% |
| 2009-03-31 | 18.04% |
| 2009-02-24 | 17.77% |
| 2008-10-31 | 18.69% |
| 2008-06-30 | 13.51% |
| 2008-04-23 | 15.90% |
| 2008-02-19 | 13.36% |
| 2007-09-30 | 0.85% |
| 2007-06-30 | 0.41% |
| 2007-03-31 | 0.39% |
| 2006-12-31 | 0.39% |
| 2006-09-30 | 0.41% |
| 2006-06-30 | 0.38% |
| 2006-03-31 | 0.41% |
| 2005-12-31 | 1.12% |
| 2005-09-30 | 1.15% |
| 2005-06-30 | 0.43% |
| 2005-03-31 | 0.42% |
| 2004-12-31 | 0.42% |
| 2004-09-30 | 0.45% |
| 2004-06-30 | 0.48% |
| 2004-03-31 | 0.51% |
| 2003-12-31 | 0.53% |
| 2003-09-30 | 0.62% |
| 2003-06-30 | 0.73% |
| 2003-03-31 | 0.85% |
| 2002-12-31 | 0.97% |
| 2002-09-30 | 3.17% |
