Forward Industries (Forward Industries) Short-Term Debt & Capital Lease Obligation : $1.28 Mil (As of Dec. 2023)

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What is Forward Industries Short-Term Debt & Capital Lease Obligation?

Short-Term Debt & Capital Lease Obligation is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. Forward Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.28 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Forward Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.72 Mil.

Forward Industries Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Forward Industries's Short-Term Debt & Capital Lease Obligation can be seen below:

* 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.

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Forward Industries Short-Term Debt & Capital Lease Obligation Chart

Forward Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Short-Term Debt & Capital Lease Obligation

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3.00

3.86

0.34

0.38

0.42

Forward Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															0.39	0.40	0.41	0.42	1.28

Forward Industries Short-Term Debt & Capital Lease Obligation Calculation

This is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt.

In the notes to balance sheet in annual (10-K) or quarterly (10-Q) reports, companies usually break down the details of the debt, their due dates, the interest rates etc.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Forward Industries Short-Term Debt & Capital Lease Obligation Related Terms

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Forward Industries (Forward Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Forward Industries Inc (NAS:FORD) » Definitions » Short-Term Debt & Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Veterans Memorial Highway, Suite 100, Hauppauge, New York, NY, USA, 11788

Website

https://www.forwardindustries.com

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