Forward Industries (FWDI) Total Debt (2018 - 2026)
Forward Industries (FWDI) posted Total Debt of $105 million for fiscal Q3 2026 (quarter ended Jun 30, 2026), compared with $600,000 a year earlier.
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Analysis
Forward Industries (FWDI) Total Debt (2018 - 2026) Analysis & Trends
At the end of FY2024 (ended Sep 30, 2024), Forward Industries' Total Debt came in at $1.2 million, up 9.1% from FY2023.
- Annual Total Debt shows a five-year compound annual growth rate of -16.2% (FY2019 to FY2024).
- In prior fiscal years, Forward Industries' Total Debt was $1.1 million in FY2023 (-21.4%), $1.4 million in FY2022 (-12.5%), $1.6 million in FY2021 (-48.9%) and $3.13 million in FY2020 (+7.9%).
- The fiscal Q3 2026 figure stands as the highest quarterly Total Debt in data going back to fiscal Q4 2018.
- On a year-over-year basis, Total Debt increased in two of the last five quarters, with growth averaging 88.6%.
- The strongest year-over-year quarter for Total Debt in the past five years was fiscal Q1 2026, with growth of 483.3%; the weakest was fiscal Q3 2024, with a decline of 66.7%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 50.81 Bn | 42.20 Bn | - | 53.00 Mn |
| 2 | Cognizant Technology Solutions | 28.52 Bn | 22.49 Bn | 1.91 Bn | 1.55 Bn |
| 3 | Cdw | 20.95 Bn | 17.85 Bn | 1.39 Bn | 7.12 Bn |
| 4 | Td Synnex | 18.62 Bn | 12.78 Bn | 1.43 Bn | 5.52 Bn |
| 5 | Arrow Electronics | 10.10 Bn | 9.05 Bn | 1.13 Bn | 2.17 Bn |
| 6 | EPAM Systems | 7.92 Bn | 3.84 Bn | 445.94 Mn | 25.00 Mn |
| 7 | Avnet | 7.12 Bn | 6.30 Bn | 865.03 Mn | 3.23 Bn |
| 8 | ExlService Holdings | 6.52 Bn | 5.32 Bn | 241.14 Mn | 511.05 Mn |
| 9 | Science Applications International | 6.35 Bn | 5.89 Bn | 239.00 Mn | 2.49 Bn |
| 10 | Forward Industries | 461.21 Mn | 461.21 Mn | - | 105.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 105.00 Mn |
| Dec 31, 2025 | 3.50 Mn |
| Jun 30, 2025 | 600,000.00 |
| Mar 31, 2025 | 600,000.00 |
| Dec 31, 2024 | 600,000.00 |
| Sep 30, 2024 | 600,000.00 |
| Jun 30, 2024 | 600,000.00 |
| Mar 31, 2024 | 750,000.00 |
| Dec 31, 2023 | 850,000.00 |
| Sep 30, 2023 | 1.10 Mn |
| Jun 30, 2023 | 1.80 Mn |
| Mar 31, 2023 | 1.30 Mn |
| Dec 31, 2022 | 1.35 Mn |
| Sep 30, 2022 | 1.40 Mn |
| Jun 30, 2022 | 1.45 Mn |
| Mar 31, 2022 | 1.50 Mn |
| Dec 31, 2021 | 1.55 Mn |
| Sep 30, 2021 | 1.60 Mn |
| Jun 30, 2021 | 1.63 Mn |
| Mar 31, 2021 | 1.67 Mn |
API Access
Forward Industries Total Debt 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=total-debt&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();