Forward Industries (FWDI) Interest Expenses (2018 - 2025)
Forward Industries (FWDI) posted Interest Expenses of $13,242 for fiscal Q4 2025 (quarter ended Sep 30, 2025), up 8.3% from $12,230 a year earlier and up 9.4% from the prior quarter.
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Analysis
Forward Industries (FWDI) Interest Expenses (2018 - 2025) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Forward Industries' Interest Expenses came in at $49,143, down 21.6% from FY2024.
- Annual Interest Expenses has declined for six consecutive fiscal years, with a five-year compound annual growth rate of -22.4% (FY2020 to FY2025).
- In prior fiscal years, Forward Industries' Interest Expenses was $62,662 in FY2024 (-39.9%), $104,201 in FY2023 (-15.6%), $123,411 in FY2022 (-28.2%) and $171,957 in FY2021 (-1.7%).
- The fiscal Q4 2025 figure stands as the highest quarterly Interest Expenses since fiscal Q3 2024.
- On a year-over-year basis, Interest Expenses increased in 1 of the last eight quarters, with an average decline of 29.5%.
- The strongest year-over-year quarter for Interest Expenses in the past five years was fiscal Q3 2021, with growth of 23.3%; the weakest was fiscal Q4 2024, with a decline of 49.0%.
- According to Business Quant data, Interest Expenses for the three prior fiscal quarters was $12,099 (Q3 2025), $11,836 (Q2 2025) and $11,967 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 43.52 Bn | 43.57 Bn | 1.60 Bn | 12.57 Mn |
| 2 | Cognizant Technology Solutions | 25.96 Bn | 19.13 Bn | 1.83 Bn | 13.00 Mn |
| 3 | Td Synnex | 20.53 Bn | 14.56 Bn | 1.34 Bn | - |
| 4 | Cdw | 16.06 Bn | 14.05 Bn | 1.32 Bn | - |
| 5 | Cgi | 15.14 Bn | 12.92 Bn | - | 22.08 Mn |
| 6 | Arrow Electronics | 11.55 Bn | 10.58 Bn | 1.13 Bn | - |
| 7 | Avnet | 8.20 Bn | 7.38 Bn | 865.03 Mn | 66.46 Mn |
| 8 | Ingram Micro Holding | 6.32 Bn | 1.92 Bn | 958.68 Mn | 76.25 Mn |
| 9 | EPAM Systems | 5.59 Bn | 1.23 Bn | 429.57 Mn | - |
| 10 | Forward Industries | 576.01 Mn | 576.01 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 13,242.00 |
| Jun 30, 2025 | 12,099.00 |
| Mar 31, 2025 | 11,836.00 |
| Dec 31, 2024 | 11,967.00 |
| Sep 30, 2024 | 12,230.00 |
| Jun 30, 2024 | 14,451.00 |
| Mar 31, 2024 | 16,971.00 |
| Dec 31, 2023 | 19,010.00 |
| Sep 30, 2023 | 23,987.00 |
| Jun 30, 2023 | 25,475.00 |
| Mar 31, 2023 | 26,781.00 |
| Dec 31, 2022 | 27,958.00 |
| Sep 30, 2022 | 29,296.00 |
| Jun 30, 2022 | 30,424.00 |
| Mar 31, 2022 | 30,864.00 |
| Dec 31, 2021 | 32,828.00 |
| Sep 30, 2021 | 33,049.00 |
| Jun 30, 2021 | 45,802.00 |
| Mar 31, 2021 | 46,714.00 |
| Dec 31, 2020 | 46,392.00 |
API Access
Forward Industries Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expenses&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "ticker": "FWDI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expenses&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();