FORD (Forward Industries) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

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What is Forward Industries LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Forward Industries's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

Forward Industries's long-term debt to total assets ratio declined from Jun. 2023 (0.22) to Jun. 2024 (0.17). It may suggest that Forward Industries is progressively becoming less dependent on debt to grow their business.

Forward Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Forward Industries's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Forward Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.20

0.26

0.22

0.23

Forward Industries Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.23	0.17	0.17	0.17

Forward Industries LT-Debt-to-Total-Asset Calculation

Forward Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	3.934	/	17.386
	=	0.23

Forward Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	2.532	/	15.226
	=	0.17

Forward Industries (NAS:FORD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Forward Industries LT-Debt-to-Total-Asset Related Terms

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Forward Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Forward Industries Inc (NAS:FORD) » Definitions » LT-Debt-to-Total-Asset

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