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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
by its Interest Expense. Forward Industries's
Operating Income
for the
three
months ended in Jun. 2026 was MXN-12.7 Mil. Forward Industries's Interest Expense for the
three
months ended in Jun. 2026 was MXN-9.0 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Forward Industries's Interest Coverage or its related term are showing as below:
MEX:FORD1'
s Interest Coverage Range Over the Past 10 Years
Min: 1.54 Med: 4.78 Max: No Debt
Current: 17.01
MEX:FORD1's Interest Coverage is ranked better than 70.78% of 746
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.42
vs MEX:FORD1: 17.01
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Forward Industries Interest Coverage Related Terms
Forward Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Forward Industries's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
MEX:FORD1 vs DBI, RCKY, FOSL: Interest Coverage Comparison
For the Footwear & Accessories subindustry, Forward Industries's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Forward Industries's Interest Coverage falls into.
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 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.
What does a Interest Coverage of 0 (At Loss) mean?
Forward Industries (MEX:FORD1) has a Interest Coverage of 0 (At Loss) as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Forward Industries and its competitors. Over the past decade, Forward Industries' Interest Coverage has ranged from 1.54 to 10,000.00. According to the industry distribution chart, Forward Industries ranks #218 out of 746 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 29.2%.
Is Forward Industries' Interest Coverage too high?
Forward Industries' current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 10,000.00. Based on the distribution chart, Forward Industries ranks #218 out of 746 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Forward Industries has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Forward Industries' Interest Coverage compare to DBI and RCKY?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Forward Industries ranks #218 out of 746 companies for Interest Coverage. This puts Forward Industries in the upper half of its industry. The industry median Interest Coverage is 5.42. Historically, Forward Industries' own Interest Coverage has ranged from 1.54 to 10,000.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Manufacturing - Apparel & Accessories company?
The median Interest Coverage among Manufacturing - Apparel & Accessories companies is 5.42, based on 746 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Forward Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Interest Coverage is 5.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Industries's current Interest Coverage is 0 (At Loss). 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?
Forward Industries (MEX:FORD1) has a current Interest Coverage of 0 (At Loss). The stock's GF Value™ is MXN2.67, compared to a current price of MXN63.41 — trading 2274.9% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Forward Industries' overall GF Score™ is 37/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Forward Industries (MEX:FORD1), the current Interest Coverage is 0 (At Loss) 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 (MEX:FORD1) Overvalued in 2026?
Based on GuruFocus' analysis, Forward Industries stock appears to be overvalued.
The current stock price of MXN63.41 is trading 2274.9% above its estimated GF Value™ of MXN2.67.
Key valuation signals for MEX:FORD1:
Interest Coverage: 0 (At Loss)
GF Value™: MXN2.67 vs. price of MXN63.41 (2274.9% above fair value)
No single metric tells the full story. See the MEX:FORD1 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.
37GF Score
Get the complete analysis for MEX:FORD1
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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