What is Forward Industries Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Forward Industries's interest expense for the
three
months ended in Dec. 2023 was $ -0.02 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.10 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Forward Industries's Operating Income for the
three
months ended in Dec. 2023 was $ -0.38 Mil. Forward Industries's Interest Expense for the
three
months ended in Dec. 2023 was $ -0.02 Mil.
Forward Industries did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Forward Industries Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.10 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Forward Industries (NAS:FORD) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Forward Industries's Interest Expense for the
three
months ended in Dec. 2023 was $-0.02 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $-0.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $2.72 Mil.
Forward Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
| Forward Industries did not have earnings to cover the interest expense. |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's financial strength is.
Forward Industries (Forward Industries) Business Description
Traded in Other Exchanges
N/A
Address
700 Veterans Memorial Highway, Suite 100, Hauppauge, New York, NY, USA, 11788
Forward Industries Inc is a provider of carrying and protective solutions. It designs and distributes product protection for handheld electronic devices. Forward Industries sells soft-sided carrying cases for blood glucose diagnostic kits and portable consumer electronic devices such as smartphones, tablets, personal computers, notebooks, and global Positioning System devices. It operates in two segments, the OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to OEMs; The design segment provides a full spectrum of hardware and software product design and engineering services. The majority of revenue is generated from the US.
Executives
| Kathleen Weisberg |
officer: Chief Financial Officer |
700 VETERANS MEMORIAL HWY, SUITE 100, HAUPPAUGE NY 11788 |
| Sangita Shah |
director |
C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401 |
| Sharon Hemond Hrynkow |
director |
4816 KING SOLOMON DRIVE, ANNADALE VA 22003 |
| James W Zigler |
director |
|
| Wild Robert W Jr. |
officer: COO of Subsidiary |
700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788 |
| Mitchell Maiman |
officer: President of Subsidiary |
700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788 |
| Paul Jean Severino |
officer: COO of Subsidiary |
700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788 |
| Thomas Edward Kramer |
officer: CEO to Subsidiary |
8560 COTTONWOOD ST. NW, SUITE 100, MINNEAPOLIS MN 55433 |
| Anthony Camarda |
officer: Chief Financial Officer |
700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788 |
| Douglas David Matthews |
officer: Sr VP/Chief Operating Officer |
477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401 |
| Jenny P. Yu |
10 percent owner |
9255 DOHENY ROAD, APT. 2905, WEST HOLLYWOOD CA 90069 |
| James M Frost |
director |
477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401 |
| Michael L. Luetkemeyer |
director |
411 LANDMARK DRIVE, WILMINGTON NC 28412 |
| Sharon Hrynkow |
director |
C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401 |
| Michael D Matte |
officer: Chief Financial Officer |
|
Forward Industries (Forward Industries) Headlines
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