FORW (Forwardly) Cash-to-Debt: No Debt (1) (As of Sep. 2023)

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What is Forwardly Cash-to-Debt?

Forwardly FORW Cash-to-Debt is No Debt (1) as of Sep. 2023.

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Forwardly's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt (1).

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Forwardly could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Forwardly's Cash-to-Debt or its related term are showing as below:

FORW's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 8.125
* Ranked among companies with meaningful Cash-to-Debt only.

Forwardly  (OTCPK:FORW) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Forwardly Cash-to-Debt Related Terms

Forwardly Cash-to-Debt Historical Data

* Premium members only.

The historical data trend for Forwardly's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Forwardly Cash-to-Debt Chart

Forwardly Annual Data
Trend
Cash-to-Debt

Forwardly Quarterly Data
Sep22 Sep23
Cash-to-Debt N/A No Debt

FORW vs PCMC, MAYX, BOREF: Cash-to-Debt Comparison

For the Shell Companies subindustry, Forwardly's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Forwardly Cash-to-Debt vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Forwardly's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Forwardly's Cash-to-Debt falls into.


Forwardly Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Forwardly's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Forwardly's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Forwardly had no debt (1).

* 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.

Frequently Asked Questions Learn more about Cash-to-Debt →
What does a Cash-to-Debt of No Debt <sup>(1)</sup> mean?
Forwardly (FORW) has a Cash-to-Debt of No Debt (1) as of Sep. 2023.
Is Forwardly's Cash-to-Debt too high?
Forwardly's current Cash-to-Debt is No Debt (1).
How does Forwardly's Cash-to-Debt compare to PCMC and MAYX?
Forwardly's Cash-to-Debt of No Debt (1) can be compared against companies in the Diversified Financial Services industry. The industry median Cash-to-Debt is 8.13. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Diversified Financial Services company?
The median Cash-to-Debt among Diversified Financial Services companies is 8.13, based on 508 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Diversified Financial Services industry, the median Cash-to-Debt is 8.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forwardly's current Cash-to-Debt is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forwardly stock overvalued right now?
Forwardly (FORW) has a current Cash-to-Debt of No Debt (1). The current Cash-to-Debt is No Debt (1). Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Forwardly (FORW), the current Cash-to-Debt is No Debt (1) as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Forwardly Business Description

Address 3535 Executive Terminal Drive, Henderson, NV, USA, 89052
Forwardly Inc is a holding company organized to invest, acquire, and manage a diversified portfolio of profitable, growth-oriented companies.