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. See working capital to net assets of Worksport Ltd to evaluate short-term liquidity relative to the company's equity base.
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. For the complete balance sheet picture, see WKSP total asset value.
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. Explore how much of Worksport Ltd's assets are long-term investments to see how much of total assets are deployed in long-term investments.
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% |
|
Garrett Motion Inc
NASDAQ:GTX |
Auto Parts | 2.46% |
|
Balkrishna Industries Limited
NSE:BALKRISIND |
Auto Parts | 8.16% |
|
Jiangsu Xinquan Automotive Trim Co Ltd
SHG:603179 |
Auto Parts | 0.82% |
|
Qingdao Sentury Tire Co Ltd
SHE:002984 |
Auto Parts | 3.38% |
|
Aotecar New Energy Technology Co Ltd
SHE:002239 |
Auto Parts | 0.32% |
|
NBTM New Materials Group Co Ltd
SHG:600114 |
Auto Parts | 0.00% |
|
Pricol Limited
NSE:PRICOLLTD |
Auto Parts | 0.34% |
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 the United States and internationally. It operates through Hard Tonneau Covers and Soft Tonneau Covers segments. 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 provides SOLIS, … Read more