Forward Industries (FWDI) Non Operating Interest Expenses (2018 - 2025)
Forward Industries' Non Operating Interest Expenses came in at $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) Non Operating Interest Expenses (2018 - 2025) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Forward Industries' Non Operating Interest Expenses was $49,143, down 21.6% from FY2024.
- Non Operating Interest Expenses has declined in each of the last six fiscal years, with a five-year compound annual growth rate of -22.4% (FY2020 to FY2025).
- Going back by fiscal year, Non Operating 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 represents the highest quarterly Non Operating Interest Expenses since fiscal Q3 2024.
- Year-over-year, Non Operating Interest Expenses increased in 1 of the last eight quarters, with an average decline of 29.5%.
- The fastest year-over-year change in Non Operating Interest Expenses over five years came in fiscal Q3 2021 (growth of 23.3%), and the weakest in fiscal Q4 2024 (a decline of 49.0%).
- Business Quant data shows FWDI's Non Operating Interest Expenses at $12,099 (Q3 2025), $11,836 (Q2 2025) and $11,967 (Q1 2025) in the three fiscal quarters before Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.69 Bn | 44.75 Bn | 1.60 Bn | 13.00 Mn |
| 2 | Cognizant Technology Solutions | 26.45 Bn | 19.61 Bn | 1.83 Bn | 13.00 Mn |
| 3 | Td Synnex | 22.21 Bn | 16.36 Bn | 1.43 Bn | - |
| 4 | Cdw | 16.70 Bn | 14.69 Bn | 1.32 Bn | - |
| 5 | Cgi | 15.63 Bn | 13.41 Bn | - | 22.08 Mn |
| 6 | Arrow Electronics | 12.33 Bn | 11.35 Bn | 1.13 Bn | - |
| 7 | Avnet | 8.78 Bn | 7.96 Bn | 865.03 Mn | 66.46 Mn |
| 8 | Ingram Micro Holding | 6.70 Bn | 2.31 Bn | 958.68 Mn | 76.25 Mn |
| 9 | EPAM Systems | 5.58 Bn | 1.22 Bn | 429.57 Mn | - |
| 10 | Forward Industries | 602.59 Mn | 602.59 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 Non Operating 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=non-operating-interest-expenses&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-operating-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=non-operating-interest-expenses&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();