Forward Industries Balance Sheet Health
Financial Health criteria checks 4/6
Forward Industries has a total shareholder equity of $1.4M and total debt of $600.0K, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are $15.2M and $13.8M respectively.
Key information
43.1%
Debt to equity ratio
US$600.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.56m |
| Equity | US$1.39m |
| Total liabilities | US$13.84m |
| Total assets | US$15.23m |
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
Forward Industries, Inc.'s (NASDAQ:FORD) Price Is Right But Growth Is Lacking After Shares Rocket 43%
Oct 05Lacklustre Performance Is Driving Forward Industries, Inc.'s (NASDAQ:FORD) 26% Price Drop
Aug 11Benign Growth For Forward Industries, Inc. (NASDAQ:FORD) Underpins Stock's 27% Plummet
Jun 20Cautious 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 ($9.7M) do not cover its short term liabilities ($11.3M).
Long Term Liabilities: FORD's short term assets ($9.7M) exceed its long term liabilities ($2.5M).
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 29.2% to 43.1% 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 35.8% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:10 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Forward Industries, Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Anne Crow | Edison Investment Research |