Forward Industries Balance Sheet Health
Financial Health criteria checks 2/6
Forward Industries has a total shareholder equity of $474.2M and total debt of $117.5M, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are $602.5M and $128.3M respectively. Forward Industries's EBIT is $10.0M making its interest coverage ratio -26. It has cash and short-term investments of $13.3M.
Key information
24.78%
Debt to equity ratio
US$117.52m
Debt
| Interest coverage ratio | -26x |
| Cash | US$13.28m |
| Equity | US$474.21m |
| Total liabilities | US$128.32m |
| Total assets | US$602.53m |
Recent financial health updates
Recent updates
Solana Staking And On Chain Expansion Will Support Future Treasury Compounding Potential
Catalysts About Forward Industries Forward Industries operates a large Solana focused digital asset treasury that aims to compound SOL per share through on chain participation and yield generation. What are the underlying business or industry changes driving this perspective?Forward Industries: Buy Solana At A Discount
Summary Forward Industries, the largest listed SOL holder, has been pegged back amid bearish crypto sentiment. I take a closer look at the mNAV drivers and structural advantages of this Solana treasury company. All signs point to FWDI being oversold here, leaving investors with a wide margin of safety. Read the full article on Seeking AlphaForward Industries, Inc. (NASDAQ:FORD) Shares May Have Slumped 27% But Getting In Cheap Is Still Unlikely
Forward Industries, Inc. ( NASDAQ:FORD ) shares have retraced a considerable 27% in the last month, reversing a fair...Forward Industries, Inc. (NASDAQ:FORD) Shares Fly 31% But Investors Aren't Buying For Growth
Forward Industries, Inc. ( NASDAQ:FORD ) shares have continued their recent momentum with a 31% gain in the last month...Forward Industries, Inc.'s (NASDAQ:FORD) Price Is Right But Growth Is Lacking After Shares Rocket 43%
The Forward Industries, Inc. ( NASDAQ:FORD ) share price has done very well over the last month, posting an excellent...Lacklustre Performance Is Driving Forward Industries, Inc.'s (NASDAQ:FORD) 26% Price Drop
Unfortunately for some shareholders, the Forward Industries, Inc. ( NASDAQ:FORD ) share price has dived 26% in the last...Benign Growth For Forward Industries, Inc. (NASDAQ:FORD) Underpins Stock's 27% Plummet
Forward Industries, Inc. ( NASDAQ:FORD ) shareholders that were waiting for something to happen have been dealt a blow...Cautious Investors Not Rewarding Forward Industries, Inc.'s (NASDAQ:FORD) Performance Completely
Forward Industries, Inc.'s ( NASDAQ:FORD ) price-to-sales (or "P/S") ratio of 0.2x may look like a pretty appealing...Forward Industries GAAP EPS of -$0.04, revenue of $10.59M
Forward Industries press release (NASDAQ:FORD): Q3 GAAP EPS of -$0.04. Revenue of $10.59M (+6.3% Y/Y). Cash balance of $2.3 million at June 30, 2022 as compared to $1.4 million at September 30, 2021.Forward Industries (NASDAQ:FORD) Could Be Struggling To Allocate Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...Here's Why Forward Industries, Inc.'s (NASDAQ:FORD) CEO May Not Expect A Pay Rise This Year
The underwhelming performance at Forward Industries, Inc. ( NASDAQ:FORD ) recently has probably not pleased...Is Forward Industries (NASDAQ:FORD) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Forward Industries (NASDAQ:FORD) Is Carrying A Fair Bit Of Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Is Forward Industries (NASDAQ:FORD) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Is Forward Industries (NASDAQ:FORD) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...How Much is Forward Industries' (NASDAQ:FORD) CEO Getting Paid?
Terry Wise became the CEO of Forward Industries, Inc. ( NASDAQ:FORD ) in 2015, and we think it's a good time to look at...Financial Position Analysis
Short Term Liabilities: FWDI's short term assets ($22.1M) do not cover its short term liabilities ($127.8M).
Long Term Liabilities: FWDI's short term assets ($22.1M) exceed its long term liabilities ($549.3K).
Debt to Equity History and Analysis
Debt Level: FWDI's net debt to equity ratio (22%) is considered satisfactory.
Reducing Debt: FWDI's debt to equity ratio has increased from 21.7% to 24.8% 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: FWDI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FWDI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 68.1% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/10 07:10 |
| End of Day Share Price | 2026/09/10 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/09/30 |
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the 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 Github.
Analyst Sources
Forward Industries, Inc. is covered by 4 analysts. 3 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 |
|---|---|
| Fedor Shabalin | B. Riley Securities, Inc. |
| Gareth Gacetta | Cantor Fitzgerald & Co. |
| Anne Crow | Edison Investment Research |