Worksport Ltd.
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Worksport Ltd.'s balance sheet done over the years? Its assets were worth $25,953,916 last year, which is less than in the previous period. 30% of Worksport Ltd.’s total assets is currently financed by debt. Its liabilities reached the amount of $7,775,373, which means an decrease by -10% compared compared to last year.
Debt to Assets
| 2014 | 284586 | 292.01K | 102.61% |
|---|---|---|---|
| 2015 | 302772 | 299.05K | 98.77% |
| 2016 | 336749 | 1.34M | 398.4% |
| 2017 | 905470 | 533.93K | 58.97% |
| 2018 | 557368 | 780.92K | 140.11% |
| 2019 | 481308 | 1.36M | 283.37% |
| 2020 | 1902152 | 1.73M | 91.09% |
| 2021 | 36294099 | 2.11M | 5.82% |
| 2022 | 32764130 | 8.64M | 26.39% |
| 2023 | 25953916 | 7.77M | 29.96% |
WKSPW Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 3.36M | 14.20M | 28.56M | 1.10M | 11.99K | 25.32K | 66.96K | 0 | 14.46K | 155.73K |
Short term investments | 0 | 699.76K | 384.06K | 14.50K | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 628.98K | 330.63K | 247.40K | 290.62K | 67.79K | 61.88K | 189.50K | 88.91K | 104.51K | 26.39K |
Inventory | 3.63M | 1.34M | 501.77K | 40.80K | 113.15K | 289.51K | 44.63K | 78.97K | 129.00K | 88.76K |
Other current assets | 1.49M | 2.30M | 4.71M | 245.52K | 60.74K | -1 | 411.73K | 116.26K | 4.60K | 6.10K |
Total current assets | 9.12M | 18.33M | 34.03M | 1.68M | 253.68K | 500.83K | 712.82K | 284.15K | 252.59K | 276.99K |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 15.40M | 13.13M | 1.64M | 130.01K | 154.82K | 43.86K | 43.07K | 39.26K | 39.40K | 0 |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 1.33M | 1.26M | 593.05K | 62.94K | 57.14K | 12.67K | 13.09K | 13.32K | 10.78K | 7.58K |
Long term investments | 90.73K | 24.42K | 24.42K | 24.42K | 15.65K | 0 | 10.75K | 0 | 17.5K | 0 |
Other non-current assets | 0 | 24.42K | 24.42K | 24.42K | 15.65K | 0 | 136.46K | 0 | -17.5K | 0 |
Total non-current assets | 16.83M | 14.43M | 2.26M | 217.38K | 227.62K | 56.53K | 192.64K | 52.59K | 50.18K | 7.58K |
Total assets | 25.95M | 32.76M | 36.29M | 1.90M | 481.30K | 557.36K | 905.47K | 336.74K | 302.77K | 284.58K |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | -2.07M | 0 | 0 | 0 | 0 | 0 | 4.79K | 0 | 0 |
Short term debt | 5.63M | 433.42K | 540.07K | 698.17K | 318.51K | 296.79K | 298.05K | 187.59K | 41.45K | 0 |
Total current liabilities | 7.16M | 2.46M | 1.79M | 1.71M | 1.32M | 780.92K | 533.93K | 1.23M | 294.40K | 292.01K |
| Non-current liabilities: | ||||||||||
Long term debt | 608.76K | 6.18M | 316.98K | 14.62K | 39.18K | 0 | 0 | 104.08K | 4.64K | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 | 0 | 0 | 698.56K | 0 | 0 | 0 | 0 |
Total non-current liabilities | 608.76K | 6.18M | 316.98K | 14.62K | 39.18K | 698.56K | 528.82K | 104.08K | 4.64K | 286.46K |
Total liabilities | 7.77M | 8.64M | 2.11M | 1.73M | 1.36M | 780.92K | 533.93K | 1.34M | 299.05K | 292.01K |
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