Forward Industries (FWDI) Debt Ratio (2013 - 2025)

Forward Industries (FWDI) posted Debt Ratio of 0.0 for Q4 2025, down 93.81% sequentially from 0.06 in Q3 2023.

Forward Industries (FWDI) Debt Ratio (2013 - 2025) Analysis & Trends

Forward Industries has reported Debt Ratio for 9 years, with the latest figure at 0.0 in Q4 2025.

Quarterly Debt Ratio changed N/A year-over-year to 0.0 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.0 (changed N/A YoY) and the FY2023 annual result came in at 0.06, down 5.37% from the prior year.
Debt Ratio slipped to 0.0 in Q4 2025 per FWDI's latest filing, from 0.06 in the prior quarter.
Over five years, Debt Ratio peaked at 0.09 in Q2 2021 and troughed at 0.0 in Q4 2025.
A 4-year average of 0.06 and a median of 0.06 in 2023 frame the typical range for Debt Ratio.
The widest YoY moves for Debt Ratio: up 1.95% in 2021, down 82.98% in 2021.
Over 4 years, Debt Ratio stood at 0.08 in 2021, then declined by 23.36% to 0.06 in 2022, then grew by 2.44% to 0.06 in 2023, then slumped by 93.81% to 0.0 in 2025.
According to Business Quant data, Debt Ratio over the past three periods registered 0.0, 0.06, and 0.06 for Q4 2025, Q3 2023, and Q2 2023 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	Nike	60.63 Bn	51.60 Bn	5.39 Bn	0.26
2	Deckers Outdoor	13.33 Bn	11.43 Bn	-	-
3	Birkenstock Holding	7.60 Bn	6.80 Bn	493.89 Mn	0.30
4	Crocs	6.44 Bn	6.27 Bn	700.71 Mn	0.30
5	Steven Madden	3.37 Bn	3.28 Bn	309.66 Mn	0.07
6	Wolverine World Wide	1.62 Bn	1.46 Bn	235.30 Mn	0.38
7	Weyco	425.23 Mn	329.76 Mn	43.78 Mn	-
8	Forward Industries	355.01 Mn	355.01 Mn	-	-
9	Rocky Brands	354.31 Mn	351.69 Mn	60.80 Mn	0.25
10	Designer Brands	311.24 Mn	261.14 Mn	315.32 Mn	0.24

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