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Forward Industries (FWDI) Ratios
Forward Industries Ratios
FWDI's free cash flow for Q3 2026 was $-3.35M. For the 2026 fiscal year, FWDI's free cash flow was increased by $0.00 and operating cash flow was $-3.35M. See a summary of the company’s cash flow.
| Ratios | Sep 25 | Sep 24 | Sep 23 | Sep 22 | Sep 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 15.14 | 1.03 | 1.05 | 1.44 | 1.78 |
| Quick Ratio | 15.14 | 0.98 | 1.02 | 1.37 | 1.49 |
| Cash Ratio | 14.01 | 0.32 | 0.29 | 0.26 | 0.20 |
| Solvency Ratio | -34.59 | -0.14 | -0.23 | -0.07 | 0.07 |
| Operating Cash Flow Ratio | -1.65 | 0.04 | 0.10 | 0.15 | -0.07 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 0.68 | 0.00 | 0.00 | -1.55 |
| Net Current Asset Value | $ 36.40M | $ -2.16M | $ -3.40M | $ -335.76K | $ 382.61K |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.00 | 0.23 | 0.25 | 0.24 | 0.28 |
| Debt-to-Equity Ratio | 0.00 | 1.16 | 1.66 | 0.80 | 0.74 |
| Debt-to-Capital Ratio | 0.00 | 0.54 | 0.62 | 0.45 | 0.42 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.30 | 0.18 | 0.18 |
| Financial Leverage Ratio | 1.00 | 4.98 | 6.65 | 3.34 | 2.67 |
| Debt Service Coverage Ratio | -3432.99 | -2.34 | 5.55 | 7.25 | 1.99 |
| Interest Coverage Ratio | -129.54 | -30.84 | 1.53 | -10.05 | -4.45 |
| Debt to Market Cap | 0.00 | 0.15 | 0.14 | 0.10 | 0.08 |
| Interest Debt Per Share | 0.04 | 3.18 | 4.43 | 5.12 | 5.70 |
| Net Debt to EBITDA | 0.21 | -0.27 | 1.95 | 2.73 | 4.00 |
| Profitability Margins | |||||
| Gross Profit Margin | 28.54% | 20.56% | 22.80% | 19.77% | 20.85% |
| EBIT Margin | -929.32% | -6.17% | 0.77% | 1.36% | 1.78% |
| EBITDA Margin | -927.49% | -5.06% | 1.63% | 2.12% | 2.62% |
| Operating Profit Margin | -35.00% | -6.40% | 0.44% | -2.93% | -1.96% |
| Pretax Profit Margin | -929.59% | -6.37% | 0.49% | 1.07% | 1.34% |
| Net Profit Margin | -918.07% | -6.46% | -10.18% | -3.26% | 1.34% |
| Continuous Operations Profit Margin | -929.70% | -6.45% | 0.43% | 1.06% | 1.34% |
| Net Income Per EBT | 98.76% | 101.35% | -2091.44% | -304.62% | 100.00% |
| EBT Per EBIT | 2655.76% | 99.59% | 111.90% | -36.50% | -68.47% |
| Return on Assets (ROA) | -11.32% | -13.21% | -21.49% | -6.58% | 2.64% |
| Return on Equity (ROE) | -11.36% | -65.74% | -142.82% | -21.99% | 7.04% |
| Return on Capital Employed (ROCE) | -0.43% | -35.81% | 2.44% | -11.31% | -6.05% |
| Return on Invested Capital (ROIC) | -0.43% | -30.19% | 2.04% | -10.87% | -5.74% |
| Return on Tangible Assets | -375.59% | -15.57% | -25.36% | -7.63% | 3.12% |
| Earnings Yield | -9.62% | -47.49% | -48.87% | -10.30% | 2.20% |
| Efficiency Ratios | |||||
| Receivables Turnover | 6.74 | 5.38 | 5.26 | 5.61 | 4.45 |
| Payables Turnover | 30.01 | 185.86 | 54.59 | 126.67 | 78.80 |
| Inventory Turnover | 0.00 | 48.95 | 84.70 | 52.19 | 14.98 |
| Fixed Asset Turnover | 7.49 | 10.74 | 11.13 | 11.54 | 9.98 |
| Asset Turnover | 0.01 | 2.04 | 2.11 | 2.02 | 1.97 |
| Working Capital Turnover Ratio | 0.94 | 74.86 | 15.00 | 8.51 | 8.69 |
| Cash Conversion Cycle | 42.01 | 73.29 | 66.95 | 69.14 | 101.69 |
| Days of Sales Outstanding | 54.17 | 67.80 | 69.33 | 65.03 | 81.95 |
| Days of Inventory Outstanding | 0.00 | 7.46 | 4.31 | 6.99 | 24.37 |
| Days of Payables Outstanding | 12.16 | 1.96 | 6.69 | 2.88 | 4.63 |
| Operating Cycle | 54.17 | 75.26 | 73.64 | 72.02 | 106.32 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | -0.07 | 0.37 | 1.03 | 1.53 | -0.53 |
| Free Cash Flow Per Share | -0.07 | 0.31 | 0.90 | 1.36 | -0.60 |
| Dividend Paid and CapEx Coverage Ratio | -174.68 | 6.25 | 7.65 | 9.05 | -7.86 |
| Capital Expenditure Coverage Ratio | -174.68 | 6.25 | 7.65 | 9.05 | -7.86 |
| Operating Cash Flow Coverage Ratio | -1.77 | 0.12 | 0.24 | 0.31 | -0.10 |
| Operating Cash Flow to Sales Ratio | -0.25 | 0.01 | 0.03 | 0.04 | -0.01 |
| Free Cash Flow Yield | -0.26% | 8.33% | 11.83% | 10.20% | -2.50% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | -10.40 | -2.11 | -2.05 | -9.71 | 45.40 |
| Price-to-Sales (P/S) Ratio | 95.48 | 0.14 | 0.21 | 0.32 | 0.61 |
| Price-to-Book (P/B) Ratio | 1.18 | 1.38 | 2.92 | 2.14 | 3.19 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -383.52 | 12.01 | 8.45 | 9.80 | -39.93 |
| Price-to-Operating Cash Flow Ratio | -385.71 | 10.09 | 7.35 | 8.72 | -45.01 |
| Price-to-Earnings Growth (PEG) Ratio | -0.01 | 0.04 | -0.01 | 0.03 | -0.36 |
| Enterprise Value Multiple | -10.08 | -2.95 | 14.72 | 17.64 | 27.24 |
| Enterprise Value | 1.70B | 4.52M | 8.82M | 15.83M | 27.87M |
| EV to EBITDA | -10.08 | -2.95 | 14.72 | 17.64 | 27.24 |
| EV to Sales | 93.52 | 0.15 | 0.24 | 0.37 | 0.71 |
| EV to Free Cash Flow | -375.65 | 13.21 | 9.74 | 11.60 | -46.80 |
| EV to Operating Cash Flow | -377.80 | 11.10 | 8.47 | 10.32 | -52.76 |
| Tangible Book Value Per Share | 0.58 | 0.66 | -0.04 | 3.38 | 4.39 |
| Shareholders’ Equity Per Share | 21.65 | 2.69 | 2.60 | 6.23 | 7.48 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | -0.00 | -0.01 | 0.11 | 0.01 | 0.00 |
| Revenue Per Share | 0.27 | 27.42 | 36.47 | 42.08 | 39.22 |
| Net Income Per Share | -2.46 | -1.77 | -3.71 | -1.37 | 0.53 |
| Tax Burden | 0.99 | 1.01 | -20.91 | -3.05 | 1.00 |
| Interest Burden | 1.00 | 1.03 | 0.63 | 0.79 | 0.75 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.58 | 0.26 | 0.18 | 0.16 | 0.16 |
| Stock-Based Compensation to Revenue | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 0.03 | -0.21 | -0.28 | -1.11 | -1.01 |
Currency in USD
