Worksport Ltd (WKSP) - Total Assets
Based on the latest financial reports, Worksport Ltd (WKSP) holds total assets worth $27.88 Million USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check how aggressively does Worksport Ltd reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
Worksport Ltd - Total Assets Trend (2002–2025)
This chart illustrates how Worksport Ltd's total assets have evolved over time, based on quarterly financial data. Explore Worksport Ltd (WKSP) investment intensity to see how much of total assets are deployed in long-term investments.
Worksport Ltd - Asset Composition Analysis
Current Asset Composition (December 2025)
Worksport Ltd's total assets of $27.88 Million consist of 54.6% current assets and 45.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 19.3% |
| Accounts Receivable | $782.00K | 2.5% |
| Inventory | $9.53 Million | 31.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $896.53K | 2.9% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2002–2025)
This chart illustrates how Worksport Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see WKSP stock market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Worksport Ltd's current assets represent 54.6% of total assets in 2025, a decrease from 100.0% in 2002.
- Cash Position: Cash and equivalents constituted 19.3% of total assets in 2025, down from 100.0% in 2002.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, an increase from 0.0% in 2002.
- Asset Diversification: The largest asset category is inventory at 31.0% of total assets.
Worksport Ltd Competitors by Total Assets
Key competitors of Worksport Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shanghai Daimay Auto Interior
SHG:603730
|
China | CN¥7.60 Billion |
|
Aotecar New Energy Technology Co Ltd
SHE:002239
|
China | CN¥10.78 Billion |
|
Versigent PLC
NYSE:VGNT
|
USA | $4.91 Billion |
|
Shinry Technologies Co Ltd Class A
SHE:300745
|
China | CN¥4.42 Billion |
|
Jee Technology Co. Ltd. A
SHG:688162
|
China | CN¥8.12 Billion |
|
GSP Automotive Group Wenzhou Co Ltd
SHG:605088
|
China | CN¥6.42 Billion |
|
Jiangsu Flowers King
SHG:603007
|
China | CN¥1.61 Billion |
|
Hu Lane Associate
TWO:6279
|
Taiwan | NT$15.76 Billion |
Worksport Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.95 | 3.26 | 8.97 |
| Quick Ratio | 0.27 | 1.63 | 8.92 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $6.58 Million | $7.94 Million | $11.66 Million |
Worksport Ltd - Advanced Valuation Insights
This section examines the relationship between Worksport Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.42 |
| Latest Market Cap to Assets Ratio | 0.24 |
| Asset Growth Rate (YoY) | 19.6% |
| Total Assets | $30.77 Million |
| Market Capitalization | $7.50 Million USD |
Valuation Analysis
Below Book Valuation: The market values Worksport Ltd's assets below their book value (0.24x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Worksport Ltd's assets grew by 19.6% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Worksport Ltd (2002–2025)
The table below shows the annual total assets of Worksport Ltd from 2002 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $30.77 Million | +19.56% |
| 2024-12-31 | $25.74 Million | -0.84% |
| 2023-12-31 | $25.95 Million | -20.79% |
| 2022-12-31 | $32.76 Million | -9.73% |
| 2021-12-31 | $36.29 Million | +1808.05% |
| 2020-12-31 | $1.90 Million | +295.20% |
| 2019-12-31 | $481.31K | -13.65% |
| 2018-12-31 | $557.37K | -38.44% |
| 2017-12-31 | $905.47K | +168.89% |
| 2016-12-31 | $336.75K | +11.22% |
| 2015-12-31 | $302.77K | +6.39% |
| 2014-12-31 | $284.59K | +28880.24% |
| 2013-12-31 | $982.00 | +208.81% |
| 2012-12-31 | $318.00 | -52.54% |
| 2010-12-31 | $670.00 | +11.30% |
| 2008-12-31 | $602.00 | 0.00% |
| 2002-12-31 | $602.00 | -- |
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