Worksport Ltd (WKSP) — Tangible Net Worth Ratio
Worksport Ltd (WKSP) has a Tangible Net Worth Ratio of 96.2% as of March 2026. This metric is calculated by deducting intangible assets ($757.81K) from net assets ($19.98 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See what is Worksport Ltd's book value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Worksport Ltd Tangible Net Worth Ratio (2013–2025)
This chart shows how Worksport Ltd's Tangible Net Worth Ratio has changed across 9 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 96.2%, reflecting net assets of $19.98 Million with intangible assets of $757.81K USD. Also explore net asset momentum of Worksport Ltd to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Worksport Ltd (2013–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Worksport Ltd from 2013 to 2025, covering 9 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see market cap of Worksport Ltd.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 96.1% | $22.93 Million | $896.53K | $30.77 Million | ▲ +1.6 pp |
| 2024 | 94.5% | $17.41 Million | $953.05K | $25.74 Million | ▲ +1.9 pp |
| 2023 | 92.6% | $18.18 Million | $1.34 Million | $25.95 Million | ▼ -2.1 pp |
| 2022 | 94.7% | $24.12 Million | $1.27 Million | $32.76 Million | ▼ -3.5 pp |
| 2021 | 98.3% | $34.18 Million | $593.05K | $36.29 Million | ▲ +35.4 pp |
| 2020 | 62.9% | $169.47K | $62.95K | $1.90 Million | ▼ -33.6 pp |
| 2017 | 96.5% | $371.53K | $13.10K | $905.47K | ▲ +286.3 pp |
| 2015 | -189.9% | $3.72K | $10.78K | $302.77K | ▲ +76890.1 pp |
| 2013 | -77080.0% | $10.00 | $7.72K | $982.00 | — |