Forward Electronics Co Ltd

Forward Electronics operates with a debt-to-equity ratio of 0.81 and a current ratio of 5.85, indicating strong short-term liquidity but moderate leverage. The company's price-to-book ratio of 1.36 suggests market valuation is slightly above tangible asset value, while negative operating and net income of TWD -81.7M and TWD -141.9M, respectively, highlight profitability challenges. The company's return on equity of -11.22% and return on assets of -5.32% fall below typical thresholds for industrial firms, signaling underperformance relative to capital deployed. Gross profit of TWD 44.1M on revenue of TWD 658.4M implies a gross margin of 6.7%, which is below the median for electrical components firms, suggesting pricing or cost pressures. Revenue is concentrated in optoelectronics (backlight modules, LCDs, LEDs) and information appliance peripherals (game consoles, sensors), with no disclosed geographic revenue breakdown. This lack of segmentation data limits visibility into regional exposure and diversification. Outlook data is not available for Forward Electronics, but historical revenue trends and negative operating cash flow of TWD -28.9M suggest a challenging operating environment. Free cash flow of TWD -116.2M indicates the company is not generating sufficient cash to fund operations or growth. Risk assessment flags include negative net cash after subtracting total debt, with liquidity risk rated as medium. Dilution risk is low, and no recent equity issuance or dilutive events are disclosed in the financial snapshot. Recent filings or transcripts are not included in the input data, so no specific events can be cited for the company's current operating conditions.