Forward Industries Balance Sheet Health
Financial Health criteria checks 4/6
Forward Industries has a total shareholder equity of $2.3M and total debt of $850.0K, which brings its debt-to-equity ratio to 36.8%. Its total assets and total liabilities are $16.3M and $14.0M respectively.
Key information
36.8%
Debt to equity ratio
US$850.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.03m |
| Equity | US$2.31m |
| Total liabilities | US$14.03m |
| Total assets | US$16.34m |
Recent financial health updates
Is Forward Industries (NASDAQ:FORD) Using Too Much Debt?
Feb 05
Forward Industries (NASDAQ:FORD) Is Carrying A Fair Bit Of Debt
Oct 06Is Forward Industries (NASDAQ:FORD) A Risky Investment?
Jun 17Recent updates
Cautious Investors Not Rewarding Forward Industries, Inc.'s (NASDAQ:FORD) Performance Completely
Dec 21Forward Industries GAAP EPS of -$0.04, revenue of $10.59M
Aug 10Forward Industries (NASDAQ:FORD) Could Be Struggling To Allocate Capital
May 26Here's Why Forward Industries, Inc.'s (NASDAQ:FORD) CEO May Not Expect A Pay Rise This Year
Feb 10Is Forward Industries (NASDAQ:FORD) Using Too Much Debt?
Feb 05Forward Industries (NASDAQ:FORD) Is Carrying A Fair Bit Of Debt
Oct 06Is Forward Industries (NASDAQ:FORD) A Risky Investment?
Jun 17Is Forward Industries (NASDAQ:FORD) A Risky Investment?
Mar 02How Much is Forward Industries' (NASDAQ:FORD) CEO Getting Paid?
Jan 08
Forward Industries EPS beats by $0.01, beats on revenue
Dec 17Forward Industries expands its outsourced manufacturing service
Nov 03Financial Position Analysis
Short Term Liabilities: FORD's short term assets ($10.5M) do not cover its short term liabilities ($11.3M).
Long Term Liabilities: FORD's short term assets ($10.5M) exceed its long term liabilities ($2.7M).
Debt to Equity History and Analysis
Debt Level: FORD has more cash than its total debt.
Reducing Debt: FORD's debt to equity ratio has increased from 28.8% to 36.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable FORD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FORD is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 24.5% per year.