What is Forward Inds Inc N Y's earnings per share (EPS)?

Forward Inds Inc N Y (FORD) reported diluted earnings per share of $-24.59 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Forward Inds Inc N Y Financials

FORD

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE September

This page shows Forward Inds Inc N Y (FORD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FORD FY2025 2026-05-14

FY2025 turned Forward Industries into an equity-funded capital allocator, as balance-sheet expansion overwhelmed its still loss-making operating business.

Between FY2024 and FY2025, total assets jumped from $14.8M to $1.47B, a scale change so large that the operating statement became secondary to the financing decision. That reading is reinforced by financing inflow of $941.4M nearly matching investing outflow of $901.5M, while operations still used cash.

Short-term liquidity looks unusually strong for a business with only $18.2M of annual revenue: cash reached $38.2M and the current ratio was 15.1x, so near-term obligations appear well covered. The pressure point is cash conversion; operations consumed $4.5M in FY2025 after producing positive operating cash flow in FY2024, so the business was not funding itself.

The operating business weakened even before the asset surge: revenue fell from $22.7M in FY2023 to $18.2M in FY2025, shrinking the base over which overhead can be spread. With gross profit holding near $5.2M while SG&A rose to $9.6M, the larger losses look driven more by corporate cost load than by a collapse in product-level economics.

Financial Health Signals

Financial Health Score 35/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Forward Inds Inc N Y's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

Revenue Progress

Balance Sheet

Altman Z-Score Safe

98.05

Forward Inds Inc N Y scores 98.05, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($788.5M) relative to total liabilities ($4.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Forward Inds Inc N Y passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.03x

For every $1 of reported earnings, Forward Inds Inc N Y generates $0.03 in operating cash flow (-$4.5M OCF vs -$167.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-170.8x

Forward Inds Inc N Y earns $-170.8 in operating income for every $1 of interest expense (-$8.4M vs $49K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$18.2M

YoY-9.0%

5Y CAGR-12.0%

10Y CAGR-4.9%

Forward Inds Inc N Y generated $18.2M in revenue in fiscal year 2025. This represents a decrease of 9.0% from the prior year.

EBITDA

-$8.1M

YoY-343.1%

Forward Inds Inc N Y's EBITDA was -$8.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 343.1% from the prior year.

Net Income

-$167.0M

YoY-8460.2%

Forward Inds Inc N Y reported -$167.0M in net income in fiscal year 2025. This represents a decrease of 8460.2% from the prior year.

EPS (Diluted)

$-24.59

Forward Inds Inc N Y earned $-24.59 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

-$4.5M

YoY-1096.0%

Forward Inds Inc N Y generated -$4.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 1096.0% from the prior year.

Cash & Debt

$38.2M

YoY+1274.3%

5Y CAGR+67.2%

10Y CAGR+25.2%

Forward Inds Inc N Y held $38.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

86M

Forward Inds Inc N Y had 86M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

28.5%

YoY+2.6pp

5Y CAGR+9.3pp

10Y CAGR+9.2pp

Forward Inds Inc N Y's gross margin was 28.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.6 percentage points from the prior year.

Operating Margin

-46.1%

YoY-35.4pp

5Y CAGR-40.4pp

10Y CAGR-41.1pp

Forward Inds Inc N Y's operating margin was -46.1% in fiscal year 2025, reflecting core business profitability. This is down 35.4 percentage points from the prior year.

Net Margin

-918.1%

YoY-908.3pp

5Y CAGR-912.9pp

10Y CAGR-913.3pp

Forward Inds Inc N Y's net profit margin was -918.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 908.3 percentage points from the prior year.

Return on Equity

-11.4%

YoY+54.4pp

5Y CAGR+15.6pp

10Y CAGR+8.2pp

Forward Inds Inc N Y's ROE was -11.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 54.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$26K

YoY-60.4%

5Y CAGR-17.7%

10Y CAGR-2.5%

Forward Inds Inc N Y invested $26K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 60.4% from the prior year.

FORD Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$18.2M-9.0%	$20.0M-11.9%	$22.7M-40.6%	$38.2M-2.1%	$39.0M+13.2%	$34.5M
Cost of Revenue	$13.0M-12.2%	$14.8M-4.8%	$15.5M-47.1%	$29.4M-4.8%	$30.9M+10.9%	$27.8M
Gross Profit	$5.2M+0.1%	$5.2M-27.4%	$7.1M-18.9%	$8.8M+8.2%	$8.1M+22.5%	$6.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$9.6M+50.9%	$6.4M+0.7%	$6.3M-6.1%	$6.7M+5.3%	$6.4M+13.1%	$5.7M
Operating Income	-$8.4M-290.1%	-$2.2M-3419.0%	-$61K-110.4%	$588K+176.9%	-$765K+61.4%	-$2.0M
Interest Expense	$49K-21.6%	$63K-39.9%	$104K-15.6%	$123K-28.2%	$172K-1.7%	$175K
Income Tax	$20K-11.1%	$23K+14.7%	$20K+683.3%	$3K	$0-100.0%	$9K
Net Income	-$167.0M-8460.2%	-$2.0M+47.8%	-$3.7M-171.1%	-$1.4M-363.1%	$524K+129.5%	-$1.8M
EPS (Diluted)	$-24.59	$-1.77+47.8%	$-3.39	$-0.14-380.0%	$0.05+126.3%	$-0.19

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$13.0M-39.5%	$21.4M+169.8%	$7.9M+218.5%	$2.5M-20.1%	$3.1M-32.5%	$4.6M-2.5%	$4.7M-5.8%	$5.0M
Cost of Revenue	$3.9M-15.2%	$4.6M+48.5%	$3.1M-0.9%	$3.1M-5.6%	$3.3M-5.4%	$3.5M-4.0%	$3.6M-2.5%	$3.7M
Gross Profit	$9.1M-46.2%	$16.8M+246.8%	$4.9M+882.3%	-$621K-247.4%	-$179K-115.8%	$1.1M+2.6%	$1.1M-15.5%	$1.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.6M+10.2%	$3.3M-30.3%	$4.7M+159.2%	$1.8M+20.3%	$1.5M-9.2%	$1.6M+13.9%	$1.4M-8.5%	$1.6M
Operating Income	-$284.1M+51.3%	-$583.6M-18649.4%	-$3.1M-21.6%	-$2.6M-40.5%	-$1.8M-102.9%	-$898K-27.1%	-$706K-53.8%	-$459K
Interest Expense	$59K	$0-100.0%	$13K+9.4%	$12K+2.2%	$12K-1.1%	$12K-2.2%	$12K-15.4%	$14K
Income Tax	-$875K-132.6%	$2.7M+13072.8%	$20K	$0	$0	$0-100.0%	$23K	$0
Net Income	-$283.1M+51.7%	-$585.7M-257.2%	-$164.0M-19189.5%	-$850K+41.4%	-$1.5M-105.0%	-$708K-10.0%	-$644K-61.1%	-$400K
EPS (Diluted)	$-2.98+49.6%	$-5.91	N/A	$-0.77+41.7%	$-1.32-106.3%	$-0.64	N/A	$-0.36

FORD Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.5B+9887.2%	$14.8M-15.1%	$17.4M-17.0%	$20.9M+5.5%	$19.9M+2.6%	$19.4M
Current Assets	$41.2M+327.2%	$9.6M-15.1%	$11.4M-20.7%	$14.3M+12.1%	$12.8M+4.7%	$12.2M
Cash & Equivalents	$38.2M+1274.3%	$2.8M-1.6%	$2.8M+33.9%	$2.1M+49.5%	$1.4M-51.8%	$2.9M
Inventory	N/A	$490K+46.5%	$334K-48.6%	$651K-68.4%	$2.1M+61.7%	$1.3M
Accounts Receivable	$1.6M-29.2%	$2.3M-40.0%	$3.8M-49.0%	$7.5M-13.9%	$8.8M+15.2%	$7.6M
Goodwill	$0-100.0%	$1.6M-11.4%	$1.8M0.0%	$1.8M0.0%	$1.8M0.0%	$1.8M
Total Liabilities	$4.8M-59.2%	$11.8M-20.1%	$14.8M+0.7%	$14.7M+18.2%	$12.4M-2.8%	$12.8M
Current Liabilities	$2.7M-70.9%	$9.4M-13.5%	$10.8M+8.6%	$10.0M+38.4%	$7.2M-18.3%	$8.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$530K
Total Equity	$1.5B+49448.6%	$3.0M+13.4%	$2.6M-58.2%	$6.3M-15.8%	$7.4M+13.1%	$6.6M
Retained Earnings	-$186.6M-850.3%	-$19.6M-11.0%	-$17.7M-26.8%	-$13.9M-11.0%	-$12.6M+4.0%	-$13.1M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$608.5M-31.9%	$892.9M-39.5%	$1.5B+17682.6%	$8.3M-32.8%	$12.3M-8.6%	$13.5M-8.6%	$14.8M-3.0%	$15.2M
Current Assets	$21.6M-65.7%	$62.9M+52.7%	$41.2M+1056.3%	$3.6M-53.5%	$7.7M-11.1%	$8.6M-10.6%	$9.6M-0.8%	$9.7M
Cash & Equivalents	$16.6M-34.5%	$25.4M-33.5%	$38.2M+2921.5%	$1.3M-29.8%	$1.8M-23.1%	$2.3M-15.8%	$2.8M+19.4%	$2.3M
Inventory	N/A	N/A	N/A	N/A	N/A	$753K+53.7%	$490K+101.4%	$243K
Accounts Receivable	$2.4M-19.4%	$3.0M+83.1%	$1.6M+37.0%	$1.2M-32.8%	$1.8M-28.9%	$2.5M+8.3%	$2.3M-64.4%	$6.5M
Goodwill	N/A	N/A	$0-100.0%	$1.3M0.0%	$1.3M0.0%	$1.3M-14.4%	$1.6M-11.4%	$1.8M
Total Liabilities	$57.1M+372.1%	$12.1M+150.8%	$4.8M-2.5%	$4.9M-43.6%	$8.8M-21.9%	$11.2M-5.0%	$11.8M-14.7%	$13.8M
Current Liabilities	$54.6M+441.2%	$10.1M+270.2%	$2.7M+15.7%	$2.4M-63.5%	$6.5M-26.6%	$8.8M-6.2%	$9.4M-17.1%	$11.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$551.5M-37.4%	$880.9M-40.1%	$1.5B+43771.7%	$3.4M-6.4%	$3.6M+57.0%	$2.3M-23.2%	$3.0M+113.4%	$1.4M
Retained Earnings	-$1.1B-36.7%	-$772.3M-313.8%	-$186.6M-724.0%	-$22.6M-3.9%	-$21.8M-7.1%	-$20.3M-3.6%	-$19.6M-3.4%	-$19.0M

FORD Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$4.5M-966.2%	$520K-54.8%	$1.2M-25.1%	$1.5M+390.5%	-$528K-100.9%	-$263K
Capital Expenditures	$26K-60.4%	$65K-52.1%	$136K-19.8%	$170K+152.4%	$67K-1.8%	$68K
Free Cash Flow	-$4.5M-1096.0%	$455K-55.2%	$1.0M-25.7%	$1.4M+329.2%	-$596K-79.7%	-$331K
Investing Cash Flow	-$901.5M-1383493.7%	-$65K+52.1%	-$136K+19.8%	-$170K-152.4%	-$67K+82.8%	-$390K
Financing Cash Flow	$941.4M+188371.7%	-$500K-66.7%	-$300K-50.0%	-$200K+78.2%	-$919K-289.5%	$485K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$4.8M+39.5%	-$7.9M-244.3%	-$2.3M-87.6%	-$1.2M-128.3%	-$538K-23.8%	-$434K-193.0%	$467K+7.2%	$436K
Capital Expenditures	$3K	$0+100.0%	-$3-100.0%	$19K+1220.7%	$1K-73.6%	$5K-64.1%	$15K+63.6%	$9K
Free Cash Flow	-$4.8M+39.4%	-$7.9M-244.3%	-$2.3M-84.8%	-$1.2M-131.2%	-$539K-22.6%	-$440K-197.3%	$452K+5.9%	$427K
Investing Cash Flow	$3.2M+393.9%	-$1.1M+99.9%	-$901.2M-411564.6%	-$219K-15177.5%	-$1K+73.6%	-$5K+64.1%	-$15K-63.6%	-$9K
Financing Cash Flow	-$7.1M-88.7%	-$3.8M-100.4%	$940.4M+103116.1%	$911K	$0	$0	$0+100.0%	-$150K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$47.1M+333.1%	$10.9M	N/A	N/A	$0	$0	N/A	N/A

FORD Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	28.5%+2.6pp	25.9%-5.5pp	31.5%+8.4pp	23.0%+2.2pp	20.8%+1.6pp	19.3%
Operating Margin	-46.1%-35.4pp	-10.8%-10.5pp	-0.3%-1.8pp	1.5%+3.5pp	-2.0%+3.8pp	-5.8%
Net Margin	-918.1%-908.3pp	-9.8%+6.7pp	-16.5%-12.9pp	-3.6%-5.0pp	1.3%+6.5pp	-5.1%
Return on Equity	-11.4%+54.4pp	-65.7%+77.1pp	-142.8%-120.8pp	-22.0%-29.0pp	7.0%+34.0pp	-27.0%
Return on Assets	-11.3%+1.9pp	-13.2%+8.3pp	-21.5%-14.9pp	-6.6%-9.2pp	2.6%+11.8pp	-9.2%
Current Ratio	15.14+14.1	1.03-0.0	1.05-0.4	1.44-0.3	1.78+0.4	1.38
Debt-to-Equity	0.00-4.0	3.98-1.7	5.65+3.3	2.34+0.7	1.67+1.6	0.08
FCF Margin	-24.9%-27.2pp	2.3%-2.2pp	4.5%+0.9pp	3.6%+5.1pp	-1.5%-0.6pp	-1.0%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	70.0%-8.6pp	78.6%+17.5pp	61.1%+86.0pp	-24.9%-19.2pp	-5.7%-30.2pp	24.5%+1.2pp	23.3%-2.7pp	26.0%
Operating Margin	-2191.9%+530.9pp	-2722.8%-2683.6pp	-39.2%+63.4pp	-102.6%-44.3pp	-58.3%-38.9pp	-19.4%-4.5pp	-14.9%-5.8pp	-9.1%
Net Margin	-2184.1%+548.1pp	-2732.2%-668.5pp	-2063.7%-2029.6pp	-34.1%+12.4pp	-46.5%-31.2pp	-15.3%-1.7pp	-13.6%-5.6pp	-7.9%
Return on Equity	-51.3%+15.2pp	-66.5%-55.3pp	-11.2%+14.2pp	-25.4%+15.2pp	-40.6%-9.5pp	-31.1%-9.4pp	-21.7%+7.0pp	-28.7%
Return on Assets	-46.5%+19.1pp	-65.6%-54.5pp	-11.1%-0.9pp	-10.3%+1.5pp	-11.8%-6.5pp	-5.3%-0.9pp	-4.4%-1.7pp	-2.6%
Current Ratio	0.40-5.8	6.24-8.9	15.14+13.6	1.51+0.3	1.19+0.2	0.98-0.0	1.03+0.2	0.86
Debt-to-Equity	0.10+0.1	0.01+0.0	0.00-1.5	1.48-1.0	2.45-2.5	4.92+0.9	3.98-6.0	9.95
FCF Margin	-37.0%-0.1pp	-37.0%-8.0pp	-29.0%+21.0pp	-50.0%-32.7pp	-17.3%-7.8pp	-9.5%-19.0pp	9.5%+1.1pp	8.5%

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Frequently Asked Questions

What is Forward Inds Inc N Y's annual revenue?

Forward Inds Inc N Y (FORD) reported $18.2M in total revenue for fiscal year 2025. This represents a -9.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Forward Inds Inc N Y's revenue growing?

Forward Inds Inc N Y (FORD) revenue declined by 9% year-over-year, from $20.0M to $18.2M in fiscal year 2025.

Is Forward Inds Inc N Y profitable?

No, Forward Inds Inc N Y (FORD) reported a net income of -$167.0M in fiscal year 2025, with a net profit margin of -918.1%.

What is Forward Inds Inc N Y's EBITDA?

Forward Inds Inc N Y (FORD) had EBITDA of -$8.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Forward Inds Inc N Y's gross margin?

Forward Inds Inc N Y (FORD) had a gross margin of 28.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Forward Inds Inc N Y's operating margin?

Forward Inds Inc N Y (FORD) had an operating margin of -46.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Forward Inds Inc N Y's net profit margin?

Forward Inds Inc N Y (FORD) had a net profit margin of -918.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Forward Inds Inc N Y's return on equity (ROE)?

Forward Inds Inc N Y (FORD) has a return on equity of -11.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Forward Inds Inc N Y's free cash flow?

Forward Inds Inc N Y (FORD) generated -$4.5M in free cash flow during fiscal year 2025. This represents a -1096.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Forward Inds Inc N Y's operating cash flow?

Forward Inds Inc N Y (FORD) generated -$4.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Forward Inds Inc N Y's total assets?

Forward Inds Inc N Y (FORD) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Forward Inds Inc N Y's capital expenditures?

Forward Inds Inc N Y (FORD) invested $26K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Forward Inds Inc N Y have outstanding?

Forward Inds Inc N Y (FORD) had 86M shares outstanding as of fiscal year 2025.

What is Forward Inds Inc N Y's current ratio?

Forward Inds Inc N Y (FORD) had a current ratio of 15.14 as of fiscal year 2025, which is generally considered healthy.

What is Forward Inds Inc N Y's debt-to-equity ratio?

Forward Inds Inc N Y (FORD) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Forward Inds Inc N Y's return on assets (ROA)?

Forward Inds Inc N Y (FORD) had a return on assets of -11.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Forward Inds Inc N Y's cash runway?

Based on fiscal year 2025 data, Forward Inds Inc N Y (FORD) had $38.2M in cash against an annual operating cash burn of $4.5M. This gives an estimated cash runway of approximately 102 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Forward Inds Inc N Y's Altman Z-Score?

Forward Inds Inc N Y (FORD) has an Altman Z-Score of 98.05, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Forward Inds Inc N Y's Piotroski F-Score?

Forward Inds Inc N Y (FORD) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Forward Inds Inc N Y's earnings high quality?

Forward Inds Inc N Y (FORD) has an earnings quality ratio of 0.03x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Forward Inds Inc N Y cover its interest payments?

Forward Inds Inc N Y (FORD) has an interest coverage ratio of -170.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Forward Inds Inc N Y?

Forward Inds Inc N Y (FORD) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.