Forward Industries
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Forward Industries's balance sheet done over the years? Its assets were worth $17,386,142 last year, which is less than in the previous period. 85% of Forward Industries’s total assets is currently financed by debt. Its liabilities reached the amount of $14,769,881, which means an increase by 1% compared compared to last year.
Debt to Assets
| 2014 | 16569571 | 7.38M | 44.56% |
|---|---|---|---|
| 2015 | 12778424 | 5.44M | 42.61% |
| 2016 | 12395317 | 4.22M | 34.05% |
| 2017 | 13153946 | 4.22M | 32.11% |
| 2018 | 19227866 | 8.12M | 42.27% |
| 2019 | 16094352 | 8.38M | 52.09% |
| 2020 | 19356268 | 12.77M | 65.99% |
| 2021 | 19855539 | 12.41M | 62.51% |
| 2022 | 20939015 | 14.67M | 70.07% |
| 2023 | 17386142 | 14.76M | 84.95% |
FORD Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 3.18M | 2.57M | 1.41M | 2.92M | 3.09M | 4.36M | 4.62M | 4.76M | 4.04M | 6.47M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.05M |
Net receivables | 6.96M | 7.54M | 8.76M | 7.60M | 6.69M | 9.02M | 6.21M | 4.86M | 5.45M | 6.12M |
Inventory | 334.38K | 3.80M | 2.06M | 1.27M | 1.60M | 1.56M | 2.12M | 2.57M | 2.86M | 2.37M |
Other current assets | 886.58K | 417.60K | 561.07K | 419.47K | 441.50K | 248.43K | 157.93K | 141.42K | 296.01K | 401.54K |
Total current assets | 11.37M | 14.33M | 12.79M | 12.22M | 11.83M | 15.21M | 13.12M | 12.33M | 12.65M | 16.42M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 3.29M | 3.66M | 3.91M | 3.72M | 243.00K | 358.97K | 20.65K | 43.03K | 78.73K | 98.99K |
Goodwill | 1.75M | 1.75M | 1.75M | 1.75M | 2.18M | 2.18M | 0 | 0 | 0 | 0 |
Intangible assets | 893.14K | 1.10M | 1.31M | 1.53M | 1.24M | 1.41M | 0 | 0 | 0 | 0 |
Long term investments | 0 | 0 | 0 | 0 | 326.94K | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | 68.73K | 68.73K | 72.25K | 116.69K | 255.00K | 63.55K | 12.84K | 12.84K | 40.96K | 40.96K |
Total non-current assets | 6.01M | 6.60M | 7.06M | 7.13M | 4.25M | 4.01M | 33.50K | 55.87K | 119.69K | 139.95K |
Total assets | 17.38M | 20.93M | 19.85M | 19.35M | 16.09M | 19.22M | 13.15M | 12.39M | 12.77M | 16.56M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 297.40K | 438.87K | 187.69K | 485.07K | 219.83K | 125.01K | 169.64K | 309.57K | 713.10K | 0 |
Short term debt | 8.66M | 377.94K | 341.67K | 3.86M | 2.99M | 2.17M | 0 | 3.54M | 0 | 0 |
Total current liabilities | 10.83M | 9.97M | 7.20M | 8.82M | 8.29M | 7.62M | 4.18M | 4.16M | 5.32M | 6.43M |
| Non-current liabilities: | ||||||||||
Long term debt | 3.93M | 4.64M | 5.15M | 3.90M | 26.43K | 118.37K | 0 | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 45K | 45K | 45K | 60.93K | 385.60K | 36.96K | 51.48K | 115.20K | 948.56K |
Total non-current liabilities | 3.93M | 4.69M | 5.20M | 3.94M | 87.37K | 503.98K | 36.96K | 51.48K | 115.20K | 948.56K |
Total liabilities | 14.76M | 14.67M | 12.41M | 12.77M | 8.38M | 8.12M | 4.22M | 4.22M | 5.44M | 7.38M |
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