Forward Total Stockholder Equity vs Net Debt Analysis

FORD Stock

USD 0.53 0.0009 0.17%

Forward Industries financial indicator trend analysis is much more than just examining Forward Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forward Industries is a good investment. Please check the relationship between Forward Industries Total Stockholder Equity and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.

Total Stockholder Equity vs Net Debt

Total Stockholder Equity vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forward Industries Total Stockholder Equity account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Forward Industries' Total Stockholder Equity and Net Debt is -0.64. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of Forward Industries, assuming nothing else is changed. The correlation between historical values of Forward Industries' Total Stockholder Equity and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Forward Industries are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Stockholder Equity i.e., Forward Industries' Total Stockholder Equity and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.64

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Forward Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forward Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.At present, Forward Industries' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 50.03, whereas Selling General Administrative is forecasted to decline to about 5.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	8.4M	8.4M	9.6M	6.6M
Total Revenue	42.3M	36.7M	42.2M	28.3M

Gross Profit Total Revenue

Forward Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Assets
Total Assets		0.53	0.7	0.69	0.12	0.64	0.37	-0.68	-0.23	0.05	0.68	-0.59	-0.01	0.88	0.79	0.06	-0.21	0.06	0.74	0.69	0.56	-0.36	0.66	0.45	0.48	-0.64
Short Long Term Debt Total	0.53		0.42	0.48	-0.42	0.83	0.84	-0.51	-0.28	-0.52	0.79	0.03	-0.55	0.4	0.32	-0.21	-0.29	0.01	0.28	0.66	-0.26	-0.4	0.82	0.66	0.67	-0.05
Other Current Liab	0.7	0.42		0.89	-0.44	0.77	0.47	-0.78	-0.4	0.09	0.77	-0.29	-0.19	0.51	0.53	-0.21	-0.57	-0.16	0.47	0.9	0.25	-0.75	0.78	0.63	0.66	-0.36
Total Current Liabilities	0.69	0.48	0.89		-0.53	0.78	0.56	-0.74	-0.18	0.04	0.81	-0.2	-0.28	0.48	0.44	0.02	-0.57	0.06	0.37	0.95	0.21	-0.61	0.78	0.64	0.66	-0.28
Total Stockholder Equity	0.12	-0.42	-0.44	-0.53		-0.6	-0.64	0.3	0.07	0.36	-0.53	-0.53	0.61	0.29	0.27	0.23	0.49	-0.01	0.31	-0.61	0.6	0.62	-0.58	-0.61	-0.61	-0.45
Property Plant And Equipment Net	0.64	0.83	0.77	0.78	-0.6		0.82	-0.72	-0.32	-0.28	0.92	-0.08	-0.53	0.42	0.39	-0.23	-0.46	-0.01	0.32	0.93	-0.07	-0.74	1.0	0.7	0.73	-0.17
Net Debt	0.37	0.84	0.47	0.56	-0.64	0.82		-0.39	-0.28	-0.68	0.89	0.34	-0.87	0.28	0.06	-0.25	-0.36	0.01	0.0	0.71	-0.48	-0.67	0.81	0.72	0.72	0.27
Retained Earnings	-0.68	-0.51	-0.78	-0.74	0.3	-0.72	-0.39		0.56	-0.08	-0.68	0.6	0.13	-0.54	-0.8	0.25	0.5	0.32	-0.77	-0.75	-0.23	0.5	-0.74	-0.41	-0.45	0.66
Accounts Payable	-0.23	-0.28	-0.4	-0.18	0.07	-0.32	-0.28	0.56		0.06	-0.39	0.29	0.2	-0.27	-0.46	0.78	0.33	0.89	-0.48	-0.24	0.11	0.34	-0.33	-0.24	-0.25	0.32
Cash	0.05	-0.52	0.09	0.04	0.36	-0.28	-0.68	-0.08	0.06		-0.36	-0.56	0.84	-0.1	0.17	0.09	-0.12	-0.04	0.17	-0.11	0.73	0.38	-0.27	-0.49	-0.49	-0.54
Non Current Assets Total	0.68	0.79	0.77	0.81	-0.53	0.92	0.89	-0.68	-0.39	-0.36		-0.02	-0.62	0.52	0.4	-0.29	-0.54	-0.07	0.33	0.91	-0.12	-0.75	0.92	0.76	0.77	-0.1
Non Currrent Assets Other	-0.59	0.03	-0.29	-0.2	-0.53	-0.08	0.34	0.6	0.29	-0.56	-0.02		-0.54	-0.59	-0.86	-0.09	0.03	0.22	-0.87	-0.12	-0.79	-0.14	-0.11	0.24	0.2	0.99
Cash And Short Term Investments	-0.01	-0.55	-0.19	-0.28	0.61	-0.53	-0.87	0.13	0.2	0.84	-0.62	-0.54		-0.09	0.18	0.16	0.13	0.05	0.22	-0.41	0.69	0.63	-0.52	-0.52	-0.52	-0.5
Net Receivables	0.88	0.4	0.51	0.48	0.29	0.42	0.28	-0.54	-0.27	-0.1	0.52	-0.59	-0.09		0.79	0.17	-0.14	-0.07	0.76	0.45	0.48	-0.28	0.44	0.35	0.38	-0.61
Common Stock Shares Outstanding	0.79	0.32	0.53	0.44	0.27	0.39	0.06	-0.8	-0.46	0.17	0.4	-0.86	0.18	0.79		-0.07	-0.23	-0.28	0.99	0.41	0.52	-0.19	0.42	0.24	0.28	-0.87
Non Current Liabilities Total	0.06	-0.21	-0.21	0.02	0.23	-0.23	-0.25	0.25	0.78	0.09	-0.29	-0.09	0.16	0.17	-0.07		0.38	0.7	-0.09	-0.11	0.39	0.32	-0.22	-0.27	-0.26	-0.07
Inventory	-0.21	-0.29	-0.57	-0.57	0.49	-0.46	-0.36	0.5	0.33	-0.12	-0.54	0.03	0.13	-0.14	-0.23	0.38		0.25	-0.18	-0.54	0.16	0.42	-0.42	-0.52	-0.5	0.08
Other Current Assets	0.06	0.01	-0.16	0.06	-0.01	-0.01	0.01	0.32	0.89	-0.04	-0.07	0.22	0.05	-0.07	-0.28	0.7	0.25		-0.33	0.05	0.16	0.19	-0.02	-0.08	-0.08	0.22
Other Stockholder Equity	0.74	0.28	0.47	0.37	0.31	0.32	0.0	-0.77	-0.48	0.17	0.33	-0.87	0.22	0.76	0.99	-0.09	-0.18	-0.33		0.33	0.51	-0.11	0.35	0.19	0.23	-0.88
Total Liab	0.69	0.66	0.9	0.95	-0.61	0.93	0.71	-0.75	-0.24	-0.11	0.91	-0.12	-0.41	0.45	0.41	-0.11	-0.54	0.05	0.33		0.08	-0.72	0.93	0.72	0.74	-0.21
Total Current Assets	0.56	-0.26	0.25	0.21	0.6	-0.07	-0.48	-0.23	0.11	0.73	-0.12	-0.79	0.69	0.48	0.52	0.39	0.16	0.16	0.51	0.08		0.25	-0.04	-0.33	-0.31	-0.77
Short Term Debt	-0.36	-0.4	-0.75	-0.61	0.62	-0.74	-0.67	0.5	0.34	0.38	-0.75	-0.14	0.63	-0.28	-0.19	0.32	0.42	0.19	-0.11	-0.72	0.25		-0.73	-0.68	-0.71	-0.09
Property Plant And Equipment Gross	0.66	0.82	0.78	0.78	-0.58	1.0	0.81	-0.74	-0.33	-0.27	0.92	-0.11	-0.52	0.44	0.42	-0.22	-0.42	-0.02	0.35	0.93	-0.04	-0.73		0.69	0.72	-0.2
Common Stock Total Equity	0.45	0.66	0.63	0.64	-0.61	0.7	0.72	-0.41	-0.24	-0.49	0.76	0.24	-0.52	0.35	0.24	-0.27	-0.52	-0.08	0.19	0.72	-0.33	-0.68	0.69		1.0	0.18
Common Stock	0.48	0.67	0.66	0.66	-0.61	0.73	0.72	-0.45	-0.25	-0.49	0.77	0.2	-0.52	0.38	0.28	-0.26	-0.5	-0.08	0.23	0.74	-0.31	-0.71	0.72	1.0		0.14
Other Assets	-0.64	-0.05	-0.36	-0.28	-0.45	-0.17	0.27	0.66	0.32	-0.54	-0.1	0.99	-0.5	-0.61	-0.87	-0.07	0.08	0.22	-0.88	-0.21	-0.77	-0.09	-0.2	0.18	0.14

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Forward Industries Account Relationship Matchups

Forward Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.4M	19.9M	20.9M	17.4M	20.0M	17.5M
Short Long Term Debt Total	7.8M	5.5M	5.0M	4.3M	5.0M	3.3M
Other Current Liab	4.3M	6.3M	8.9M	9.6M	11.0M	11.6M
Total Current Liabilities	8.8M	7.2M	10.0M	10.8M	12.5M	13.1M
Total Stockholder Equity	6.6M	7.4M	6.3M	2.6M	3.0M	2.9M
Property Plant And Equipment Net	3.7M	3.9M	3.7M	3.3M	3.8M	4.0M
Net Debt	4.8M	4.1M	2.5M	1.2M	1.3M	1.4M
Retained Earnings	(13.1M)	(12.6M)	(13.9M)	(17.7M)	(15.9M)	(15.1M)
Accounts Payable	197.0K	392.0K	268.2K	518.9K	467.0K	443.7K
Cash	2.9M	1.4M	2.6M	3.2M	3.7M	7.2M
Non Current Assets Total	7.1M	7.1M	6.6M	6.0M	6.9M	7.3M
Non Currrent Assets Other	255.0K	116.7K	72.3K	68.7K	79.0K	83.0K
Cash And Short Term Investments	2.9M	1.4M	2.6M	3.2M	3.7M	3.5M
Net Receivables	7.6M	8.8M	7.5M	7.0M	8.0M	5.8M
Common Stock Shares Outstanding	9.5M	9.6M	10.4M	10.1M	11.6M	8.1M
Liabilities And Stockholders Equity	19.4M	19.9M	20.9M	17.4M	20.0M	17.5M
Non Current Liabilities Total	3.9M	5.2M	4.7M	3.9M	3.5M	3.4M
Inventory	1.3M	2.1M	3.8M	334.4K	384.5K	365.3K
Other Current Assets	419.5K	561.1K	417.6K	378.5K	340.7K	432.2K
Other Stockholder Equity	19.6M	19.9M	20.1M	20.2M	23.2M	14.7M
Total Liab	12.8M	12.4M	14.7M	14.8M	17.0M	17.8M
Total Current Assets	12.2M	12.8M	14.3M	11.4M	13.1M	15.4M
Short Term Debt	3.9M	341.7K	377.9K	416.0K	478.4K	454.5K
Property Plant And Equipment Gross	3.7M	3.9M	4.0M	3.3M	3.8M	4.0M
Other Assets	255.0K	738.0	72.3K	47.0	42.3	40.19
Property Plant Equipment	243.0K	215.3K	3.9M	3.7M	4.2M	4.4M
Current Deferred Revenue	485.1K	187.7K	438.9K	297.4K	342.0K	359.1K
Net Tangible Assets	4.3M	3.3M	4.4M	3.4M	3.1M	2.9M
Intangible Assets	1.5M	1.3M	1.1M	893.1K	1.0M	635.4K

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Forward Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Forward Industries' short interest history, or implied volatility extrapolated from Forward Industries options trading.

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When determining whether Forward Industries is a strong investment it is important to analyze Forward Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Forward Industries' future performance. For an informed investment choice regarding Forward Stock, refer to the following important reports:

How To Invest In Forward

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Is Forward Stock a good investment?

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What is Forward Industries' Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.

You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running Forward Industries' price analysis, check to measure Forward Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forward Industries is operating at the current time. Most of Forward Industries' value examination focuses on studying past and present price action to predict the probability of Forward Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forward Industries' price. Additionally, you may evaluate how the addition of Forward Industries to your portfolios can decrease your overall portfolio volatility.

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Is Forward Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forward Industries. If investors know Forward will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forward Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.85)

Earnings Share

(0.01)

Revenue Per Share

3.107

Quarterly Revenue Growth

(0.27)

Return On Assets

0.0075

The market value of Forward Industries is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Industries' value that differs from its market value or its book value, called intrinsic value, which is Forward Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forward Industries' market value can be influenced by many factors that don't directly affect Forward Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Forward Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Forward Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forward Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Forward Total Stockholder Equity vs Net Debt Analysis

Total Stockholder Equity vs Net Debt

Total Stockholder Equity vs Net Debt Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Net Debt

Forward Industries fundamental ratios Correlations

Forward Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Forward Industries fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Forward Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Other Assets	+ 0.99	Non Currrent Assets Other
Other Stockholder Equity	+ 0.99	Common Stock Shares Outstanding
Total Liab	+ 0.95	Total Current Liabilities
Total Liab	+ 0.93	Property Plant And Equipment Net

Other Assets	- 0.88	Other Stockholder Equity
Other Assets	- 0.87	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.87	Non Currrent Assets Other
Cash And Short Term Investments	- 0.87	Net Debt
Common Stock Shares Outstanding	- 0.86	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.8	Retained Earnings