Forward Industries (FWDI) Total Liabilities (2010 - 2025)
Forward Industries (FWDI) reported Total Liabilities of $12.08 million for fiscal Q1 2026 (quarter ended Dec 31, 2025), up 7.8% from $11.21 million a year earlier and up 150.8% from the prior quarter.
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Analysis
Forward Industries (FWDI) Total Liabilities (2010 - 2025) Analysis & Trends
At the end of FY2025 (ended Sep 30, 2025), Forward Industries posted Total Liabilities of $4.82 million, down 59.2% from FY2024.
- Total Liabilities has a five-year compound annual growth rate of -17.7% (FY2020 to FY2025).
- By fiscal year, Total Liabilities came in at $11.8 million in FY2024 (-20.1%), $14.77 million in FY2023 (+0.7%), $14.67 million in FY2022 (+18.2%) and $12.41 million in FY2021 (-2.8%).
- The fiscal Q1 2026 figure ranks as the highest quarterly Total Liabilities since fiscal Q3 2024.
- Year over year, Total Liabilities gained in 1 of the last eight quarters, with an average decline of 26.1%.
- The high point for year-over-year Total Liabilities in five years was fiscal Q2 2022 (growth of 45.4%); the low point was fiscal Q3 2025 (a decline of 64.3%).
- Per Business Quant data, the three fiscal quarters before Q1 2026 came in at $4.82 million (Q4 2025), $4.94 million (Q3 2025) and $8.76 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 42.66 Bn | 42.72 Bn | 1.60 Bn | 6.69 Bn |
| 2 | Cognizant Technology Solutions | 25.65 Bn | 18.82 Bn | 1.83 Bn | 6.36 Bn |
| 3 | Td Synnex | 20.51 Bn | 14.54 Bn | 1.34 Bn | 29.56 Bn |
| 4 | Cdw | 16.33 Bn | 14.32 Bn | 1.32 Bn | 14.81 Bn |
| 5 | Cgi | 15.07 Bn | 12.85 Bn | - | - |
| 6 | Arrow Electronics | 11.72 Bn | 10.75 Bn | 1.13 Bn | 31.30 Bn |
| 7 | Avnet | 8.33 Bn | 7.51 Bn | 865.03 Mn | 10.40 Bn |
| 8 | Ingram Micro Holding | 6.23 Bn | 1.84 Bn | 958.68 Mn | 17.25 Bn |
| 9 | EPAM Systems | 5.55 Bn | 1.19 Bn | 429.57 Mn | 1.05 Bn |
| 10 | Forward Industries | 594.47 Mn | 594.47 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 12.08 Mn |
| Sep 30, 2025 | 4.82 Mn |
| Jun 30, 2025 | 4.94 Mn |
| Mar 31, 2025 | 8.76 Mn |
| Dec 31, 2024 | 11.21 Mn |
| Sep 30, 2024 | 11.80 Mn |
| Jun 30, 2024 | 13.84 Mn |
| Mar 31, 2024 | 13.42 Mn |
| Dec 31, 2023 | 14.03 Mn |
| Sep 30, 2023 | 14.77 Mn |
| Jun 30, 2023 | 14.76 Mn |
| Mar 31, 2023 | 15.28 Mn |
| Dec 31, 2022 | 16.00 Mn |
| Sep 30, 2022 | 14.67 Mn |
| Jun 30, 2022 | 16.23 Mn |
| Mar 31, 2022 | 14.60 Mn |
| Dec 31, 2021 | 14.32 Mn |
| Sep 30, 2021 | 12.41 Mn |
| Jun 30, 2021 | 11.44 Mn |
| Mar 31, 2021 | 10.05 Mn |
API Access
Forward Industries Total Liabilities 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-liabilities&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-liabilities", "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-liabilities&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();