Forward Industries (FWDI) Debt to Equity (2013 - 2025)

Forward Industries has disclosed Debt to Equity across 9 years of filings, most recently posting $0.0 for Q4 2025.

• Debt to Equity for Q4 2025 came in at $0.0, changed N/A year-over-year; the trailing twelve-month figure through Dec 2025 was $0.0 (changed N/A YoY), and the FY2023 annual result was $0.42, up 88.19% from the prior year.
• Debt to Equity came in at $0.0 for Q4 2025 at Forward Industries, down from $0.42 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $0.42 in Q3 2023 to a low of $0.0 in Q4 2025.
• The 4-year median for Debt to Equity is $0.23 (2022), against an average of $0.23.
• Across the five-year window, Debt to Equity soared 269.77% in 2021 and rose 3.94% in 2022, its largest moves.
• Forward Industries' Debt to Equity stood at $0.21 in 2021, then advanced by 7.17% to $0.23 in 2022, then soared by 82.51% to $0.42 in 2023, then tumbled by 99.06% to $0.0 in 2025.
• The last three Debt to Equity figures came in at $0.0 (Q4 2025), $0.42 (Q3 2023), and $0.27 (Q2 2023), per Business Quant data.