Worksport Ltd - Asset Resilience Ratio
Worksport Ltd (WKSP) has an Asset Resilience Ratio of 0.36% as of June 2024. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. Read debt load of Worksport Ltd for a breakdown of total debt and financial obligations.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2020–2023)
This chart shows how Worksport Ltd's Asset Resilience Ratio has changed over time. See Worksport Ltd (WKSP) shareholders funds for net asset value and shareholders' equity analysis.
Liquid Assets Composition Over Time
This chart breaks down Worksport Ltd's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For market capitalisation and broader financial context, see WKSP market cap overview.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0% |
| Short-term Investments | $96.81K | 0.36% |
| Total Liquid Assets | $96.81K | 0.36% |
Asset Resilience Insights
- Limited Liquidity: Worksport Ltd maintains only 0.36% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
Worksport Ltd Industry Peers by Asset Resilience Ratio
Compare Worksport Ltd's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Continental Aktiengesellschaft
F:CON |
Auto Parts | 0.38% |
|
Huizhou Desay SV Automotive Co Ltd Class A
SHE:002920 |
Auto Parts | 1.71% |
|
Balkrishna Industries Limited
NSE:BALKRISIND |
Auto Parts | 8.16% |
|
Xiangyang Changyuan Donggu Industry Co Ltd
SHG:603950 |
Auto Parts | 0.32% |
|
Lingyun Ind
SHG:600480 |
Auto Parts | 0.01% |
|
Yapp Automotive Systems Co Ltd
SHG:603013 |
Auto Parts | 0.61% |
|
Aotecar New Energy Technology Co Ltd
SHE:002239 |
Auto Parts | 0.32% |
|
Zhuhai Enpower Electric Co Ltd
SHE:300681 |
Auto Parts | 1.35% |
Annual Asset Resilience Ratio for Worksport Ltd (2020–2023)
The table below shows the annual Asset Resilience Ratio data for Worksport Ltd.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 5.75% | $1.49 Million | $25.95 Million | +3.61pp |
| 2022-12-31 | 2.14% | $699.76K | $32.76 Million | +1.08pp |
| 2021-12-31 | 1.06% | $384.06K | $36.29 Million | +0.30pp |
| 2020-12-31 | 0.76% | $14.51K | $1.90 Million | -- |
About Worksport Ltd
Worksport Ltd., together with its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and … Read more