Forward Industries (FWDI) Times Interest Earned (2018 - 2025)
Forward Industries' (FWDI) Times Interest Earned stood at -235.07 in fiscal Q4 2025 (quarter ended Sep 30, 2025), compared with -57.77 a year earlier.
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Analysis
Forward Industries (FWDI) Times Interest Earned (2018 - 2025) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Forward Industries' Times Interest Earned came in at -170.78.
- Across earlier fiscal years, Times Interest Earned came in at -34.33 in FY2024, 1.53 in FY2023 (-67.9%), 4.77 in FY2022 and -4.45 in FY2021.
- The fiscal Q4 2025 figure is the lowest quarterly Times Interest Earned in data going back to fiscal Q1 2019.
- Per Business Quant, the preceding three fiscal quarters came in at -211.57 (Q3 2025), -153.92 (Q2 2025) and -75.04 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 43.52 Bn | 43.57 Bn | 1.60 Bn | 85.40 |
| 2 | Cognizant Technology Solutions | 25.96 Bn | 19.13 Bn | 1.83 Bn | 67.23 |
| 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 | - | 21.76 |
| 6 | Arrow Electronics | 11.55 Bn | 10.58 Bn | 1.13 Bn | - |
| 7 | Avnet | 8.20 Bn | 7.38 Bn | 865.03 Mn | 3.48 |
| 8 | Ingram Micro Holding | 6.32 Bn | 1.92 Bn | 958.68 Mn | 3.09 |
| 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 | -235.07 |
| Jun 30, 2025 | -211.57 |
| Mar 31, 2025 | -153.92 |
| Dec 31, 2024 | -75.04 |
| Sep 30, 2024 | -57.77 |
| Jun 30, 2024 | -31.78 |
| Mar 31, 2024 | -36.59 |
| Dec 31, 2023 | -20.01 |
| Sep 30, 2023 | 9.63 |
| Jun 30, 2023 | 5.82 |
| Mar 31, 2023 | -3.43 |
| Dec 31, 2022 | -4.58 |
| Sep 30, 2022 | 36.96 |
| Jun 30, 2022 | -12.68 |
| Mar 31, 2022 | -10.46 |
| Dec 31, 2021 | 6.53 |
| Sep 30, 2021 | -1.50 |
| Jun 30, 2021 | 5.86 |
| Mar 31, 2021 | -17.47 |
| Dec 31, 2020 | -3.61 |
API Access
Forward Industries Times Interest Earned 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=times-interest-earned&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "times-interest-earned", "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=times-interest-earned&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();