As of June 3, 2025, Forward Industries Inc (FORD) reports a Current Ratio of 1.03.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Forward Industries Inc's Current Ratio
Over recent years, Forward Industries Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-09-30 | 1.03 |
| 2023-09-30 | 1.05 |
| 2022-09-30 | 1.44 |
| 2021-09-30 | 1.77 |
| 2020-09-30 | 1.38 |
This slight downward trend highlights how Forward Industries Inc manages its short-term assets and liabilities over time.
Comparing Forward Industries Inc's Current Ratio to Peers
To better understand Forward Industries Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Forward Industries Inc (FORD) | 1.03 |
| Mene Inc (MENE.V) | 7.08 |
| iFabric Corp (IFA.TO) | 4.42 |
| Movado Group Inc (MOV) | 4.34 |
| Lakeland Industries Inc (LAKE) | 3.91 |
| Jerash Holdings (US) Inc (JRSH) | 3.45 |
Compared to its competitors, Forward Industries Inc's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.