Worksport Ltd (WKSP) - Total Liabilities
Based on the latest financial reports, Worksport Ltd (WKSP) has total liabilities worth $7.90 Million USD as of March 2026. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Also explore Worksport Ltd net asset momentum to track the company's year-over-year net asset growth rate.
Worksport Ltd - Total Liabilities Trend (2002–2025)
This chart illustrates how Worksport Ltd's total liabilities have evolved over time, based on quarterly financial data. See Worksport Ltd (WKSP) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Worksport Ltd Competitors by Total Liabilities
The table below lists competitors of Worksport Ltd ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Kentima Holding publ AB
ST:KENH
|
Sweden | Skr17.36 Million |
|
Coloured Ties Capital Inc
V:TIE
|
Canada | CA$2.24 Million |
|
Syncona Limited
LSE:SYNC
|
UK | GBX13.77 Million |
|
Hunting PLC
LSE:HTG
|
UK | GBX293.61 Million |
|
Blue Gold Limited Class A Ordinary Shares
NASDAQ:BGL
|
USA | $58.12 Million |
|
Evergreen Lithium Ltd
AU:EG1
|
Australia | AU$282.55K |
|
Tokyo Plast International Limited
NSE:TOKYOPLAST
|
India | Rs731.06 Million |
|
Oceancash Pacific Bhd
KLSE:0049
|
Malaysia | RM27.30 Million |
Liability Composition Analysis (2002–2025)
This chart breaks down Worksport Ltd's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see Worksport Ltd (WKSP) market capitalisation.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 1.95 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 0.40 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.28 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Worksport Ltd's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Worksport Ltd (2002–2025)
The table below shows the annual total liabilities of Worksport Ltd from 2002 to 2025.
| Year | Total Liabilities | Change |
|---|---|---|
| 2025-12-31 | $7.84 Million | -5.83% |
| 2024-12-31 | $8.32 Million | +7.04% |
| 2023-12-31 | $7.78 Million | -10.07% |
| 2022-12-31 | $8.65 Million | +309.02% |
| 2021-12-31 | $2.11 Million | +21.99% |
| 2020-12-31 | $1.73 Million | +27.04% |
| 2019-12-31 | $1.36 Million | +74.65% |
| 2018-12-31 | $780.93K | +46.26% |
| 2017-12-31 | $533.94K | -60.20% |
| 2016-12-31 | $1.34 Million | +348.62% |
| 2015-12-31 | $299.05K | +2.41% |
| 2014-12-31 | $292.02K | +29943.00% |
| 2013-12-31 | $972.00 | -36.47% |
| 2012-12-31 | $1.53K | +76400.00% |
| 2011-12-31 | $2.00 | -99.87% |
| 2010-12-31 | $1.56K | +1974.67% |
| 2009-12-31 | $75.00 | -99.99% |
| 2008-12-31 | $631.38K | +7.46% |
| 2007-12-31 | $587.54K | +5.79% |
| 2006-12-31 | $555.39K | +6.14% |
| 2005-12-31 | $523.25K | +6.55% |
| 2004-12-31 | $491.10K | +6.97% |
| 2003-12-31 | $459.11K | +1.75% |
| 2002-12-31 | $451.21K | -- |
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