Worksport Ltd.

Worksport Ltd.verified

WKSP

Price:

$0.639

Market Cap:

$21.05M

Worksport Ltd., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States. The company offers soft cover (SC) and tough cover (TC) tonneau covers, including SC3, a tri-fold cover that seals around the truck bed with a rubber gasket designed to protect cargo from moisture and debris; SC3pro that allows the operator to open the cover by pulling a release cable; and TC3, a thick aluminum tri-cover panel with a honey-comb core coated in a durable black scratch-resistant powder coating. It is also developing TerraVis, a solar cover tonneau cover that gives rechargeable portable power to pickup truck owners. The company distributes its prod...[Read more]

Industry

Auto - Parts

IPO Date

2001-06-21

Stock Exchange

NASDAQ

Ticker

WKSP

The Current Ratio as of November 2024 (TTM) for Worksport Ltd. (WKSP) is 2.96

According to Worksport Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 2.96. This represents a change of 14.08% compared to the average of 2.59 of the last 4 quarters.

Worksport Ltd. (WKSP) Historical Current Ratio (quarterly & annually)

How has WKSP Current Ratio performed in the past?

The mean historical Current Ratio of Worksport Ltd. over the last ten years is 3.28. The current 2.96 Current Ratio has changed 8.90% with respect to the historical average. Over the past ten years (40 quarters), WKSP's Current Ratio was at its highest in in the September 2021 quarter at 21.27. The Current Ratio was at its lowest in in the December 2019 quarter at 0.19.

Quarterly (TTM)
Annual

Average

3.28

Median

0.96

Minimum

0.19

Maximum

18.94

Worksport Ltd. (WKSP) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Worksport Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.83%

Maximum Annual Current Ratio = 18.94

Minimum Annual Increase = -82.90%

Minimum Annual Current Ratio = 0.19

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.27-82.90%
20227.45-60.68%
202118.941.83%
20200.98412.06%
20190.19-70.14%
20180.64-51.96%
20171.34481.42%
20160.23-73.24%
20150.86-9.55%
20140.95-6.11%

Worksport Ltd. (WKSP) Average Current Ratio

How has WKSP Current Ratio performed in the past?

The current Current Ratio of Worksport Ltd. (WKSP) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

9.22

5-year avg

5.77

10-year avg

3.28

Worksport Ltd. (WKSP) Current Ratio vs. Peers

How is WKSP’s Current Ratio compared to its peers?

Worksport Ltd.’s Current Ratio is less than AEye, Inc. (0), greater than Luminar Technologies, Inc. (2.26), less than Modine Manufacturing Company (3.01), greater than QuantumScape Corporation (1.77), less than Dana Incorporated (14.07), greater than Lear Corporation (1.49), greater than Autoliv, Inc. (1.33), greater than Commercial Vehicle Group, Inc. (0.96), greater than Adient plc (2.31), greater than Mobileye Global Inc. (0.98), less than Innoviz Technologies Ltd. (5.80), less than Aeva Technologies, Inc. (3.64), less than Hyliion Holdings Corp. (4.32), less than null (17.62),

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