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Forward IndustriesFRA:23I0 +3.34%33 Current Ratio is 0.17 as of Jun. 2026, which is 89% below its 10-year median of 1.51. GuruFocus rates FRA:23I0 with a GF Score™ of 33/100 and a GF Value™ of €0.16 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,067 Manufacturing - Apparel & Accessories companies, Forward Industries ranks worse than 97.94% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Forward Industries's current ratio for the quarter that ended in Jun. 2026 was 0.17.
Forward Industries has a current ratio of 0.17. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Forward Industries has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Forward Industries's Current Ratio or its related term are showing as below:
FRA:23I0'
s Current Ratio Range Over the Past 10 Years
Min: 0.17 Med: 1.51 Max: 15.13
Current: 0.17
During the past 13 years, Forward Industries's highest Current Ratio was 15.13. The lowest was 0.17. And the median was 1.51.
FRA:23I0's Current Ratio is ranked worse than 97.94% of 1067
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.81
vs FRA:23I0: 0.17
Forward Industries (FRA:23I0) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Forward Industries Current Ratio Related Terms
Forward Industries Current Ratio Historical Data
* Premium members only.
The historical data trend for Forward Industries's Current Ratio 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.
FRA:23I0 vs DBI, RCKY, FOSL: Current Ratio Comparison
For the Footwear & Accessories subindustry, Forward Industries's Current Ratio, along with its competitors' market caps and Current Ratio 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.
Forward Industries Current Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's Current Ratio distribution charts can be found below:
* The bar in red indicates where Forward Industries's Current Ratio falls into.
* 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 (FRA:23I0) has a Current Ratio of 0.17 as of Jun. 2026. This is 89% below median its historical median of 1.51. Over the past decade, Forward Industries' Current Ratio has ranged from 0.17 to 15.13. According to the industry distribution chart, Forward Industries ranks #1045 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 97.9%.
Is Forward Industries' Current Ratio too high?
Forward Industries' current Current Ratio of 0.17 is 89% below median its 10-year median of 1.51. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 15.13. The Manufacturing - Apparel & Accessories industry median Current Ratio is 1.81. Forward Industries' value of 0.17 is 90.6% below this industry median. Based on the distribution chart, Forward Industries ranks #1045 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Forward Industries has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forward Industries' Current Ratio compare to DBI and RCKY?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Forward Industries ranks #1045 out of 1067 companies for Current Ratio. This places Forward Industries in the lower half of its industry. The industry median Current Ratio is 1.81. Forward Industries' value of 0.17 is 90.6% below this benchmark. Historically, Forward Industries' own Current Ratio has ranged from 0.17 to 15.13 over the past decade. While the company's 10-year median is 1.51 vs. the industry median of 1.81, Forward Industries has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Manufacturing - Apparel & Accessories company?
The median Current Ratio among Manufacturing - Apparel & Accessories companies is 1.81, based on 1,067 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forward Industries's current Current Ratio of 0.17 is 90.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median Current Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Industries's current Current Ratio is 0.17, which is 89% below median its own 10-year median of 1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Industries stock overvalued right now?
Based on GuruFocus' analysis, Forward Industries (FRA:23I0) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.16, compared to a current price of €3.56 — trading 2121.9% above its estimated fair value. The current Current Ratio is 0.17, which is 89% below median its 10-year median of 1.51 and 90.6% below the Manufacturing - Apparel & Accessories industry median of 1.81. Forward Industries' overall GF Score™ is 33/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Forward Industries (FRA:23I0), the current Current Ratio is 0.17 as of Jun. 2026. 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.
Is Forward Industries (FRA:23I0) Overvalued in 2026?
Based on GuruFocus' analysis, Forward Industries stock appears to be overvalued.
The current stock price of €3.56 is trading 2121.9% above its estimated GF Value™ of €0.16.
GuruFocus considers Forward Industries to be Significantly Overvalued.
Key valuation signals for FRA:23I0:
Current Ratio: 0.17 (89% below median its 10-year median of 1.51)
GF Value™: €0.16 vs. price of €3.56 (2121.9% above fair value)
Industry Position: 90.6% below the Manufacturing - Apparel & Accessories median (#1045 of 1067)
No single metric tells the full story. See the FRA:23I0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forward Industries Inc is a Solana-focused digital asset treasury company, with the idea to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols, and businesses. Its mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to, and investing in the Solana network, Solana developers, and Solana-related projects in order to increase shareholder value. In connection with a private placement transaction in September 2025, it launched a digital asset treasury idea supported by investors and operating partners, including Galaxy Digital and Jump Crypto.
33GF Score
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