Worksport Ltd Asset Resilience Ratio
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 WKSP defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Worksport Ltd (2020–2023)
Asset resilience ratio of Worksport Ltd from 2020 to 2023. This chart shows how Worksport Ltd's Asset Resilience Ratio has changed over time. Read Worksport Ltd debt and liabilities for a breakdown of total debt and financial obligations.
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 the complete balance sheet picture, see Worksport Ltd asset portfolio.
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 |
|---|---|---|
|
Sailun Jinyu Group Co Ltd
SHG:601058 |
Auto Parts | 0.63% |
|
Hankook Tire Co.
KO:161390 |
Auto Parts | 1.34% |
|
Garrett Motion Inc
NASDAQ:GTX |
Auto Parts | 2.46% |
|
Cheng Shin Rubber Ind. Co Ltd
TW:2105 |
Auto Parts | 10.90% |
|
Ningbo Huaxiang Electronic Co Ltd
SHE:002048 |
Auto Parts | 0.02% |
|
Autel Intelligent Technology Corp Ltd
SHG:688208 |
Auto Parts | 1.27% |
|
Qingdao Sentury Tire Co Ltd
SHE:002984 |
Auto Parts | 3.38% |
|
Hunan Oil Pump
SHG:603319 |
Auto Parts | 0.25% |
Worksport Ltd Asset Resilience Ratio by Year (2020–2023)
Worksport Ltd asset resilience ratio by year from 2020 to 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