Worksport Ltd. (WKSP) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 13.47M | 16.79M | 12.38M | 8.49M | 11.45M | 10.48M | 8.89M | 10.74M | 10.74M | 9.12M | 7.89M | 10.45M | 14.71M | 18.33M | 22.1M | 25.65M | 30.85M | 34.03M | 36.76M | 13.12M |
| Cash & Short-Term Investments | 566.58K | 5.95M | 3.76M | 1.39M | 5.08M | 4.88M | 1.86M | 3.52M | 3.82M | 4.86M | 2.97M | 5.9M | 10.49M | 15.32M | 17.95M | 20.94M | 25.81M | 28.57M | 29M | 12.27M |
| Cash Only | 566.58K | 5.95M | 3.76M | 1.39M | 5.08M | 4.88M | 1.86M | 3.43M | 3.54M | 3.37M | 2.97M | 5.9M | 10.49M | 15.32M | 16.72M | 19.14M | 25.81M | 28.57M | 29M | 12.27M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 96.81K | 283.15K | 1.49M | 0 | 0 | 0 | 0 | 1.22M | 1.81M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 770.51K | 782K | 724.78K | 524.05K | 264.69K | 212.32K | 634.71K | 623.39K | 156.34K | 628.99K | 682.14K | 627.72K | 373.17K | 330.63K | 341.95K | 266.45K | 134.26K | 247.41K | 284.48K | 165.17K |
| Days Sales Outstanding | 21.09 | 14.61 | 11.46 | 8.74 | 9.58 | 13.31 | 18.53 | 18.46 | 69.7 | 71.85 | 131.42 | 227.87 | 992.05 | 792.02 | 1.53K | 1.61K | 359.43 | 1.49K | 221.43 | 44.37 |
| Inventory | 11.62M | 9.53M | 6.84M | 5.88M | 5.73M | 5.19M | 6.14M | 6.39M | 6.54M | 3.63M | 3.55M | 2.88M | 1.6M | 1.35M | 1.29M | 1.1M | 791.81K | 501.77K | 56.2K | 73.44K |
| Days Inventory Outstanding | 387.14 | 227.09 | 169.8 | 174.71 | 266.41 | 200.15 | 200.38 | 361.96 | 973.94 | 442.2 | 802.26 | 1.33K | 6.72K | -75.75K | 8.72K | 10.79K | 1.53K | 359.79 | 72.89 | 121.51 |
| Other Current Assets | 139.73K | 203.52K | 214.51K | 0 | 0 | 90.51K | 0 | 155.17K | 169.63K | 0 | 0 | 0 | 0 | 0 | -666.54K | -1.19M | 0 | 0 | 1.92M | 0 |
| Total Non-Current Assets | 14.41M | 13.98M | 15.18M | 15.09M | 15.21M | 15.26M | 16.05M | 16.44M | 16.55M | 16.83M | 16.73M | 16.54M | 15.39M | 14.43M | 13.62M | 12.56M | 3.12M | 2.26M | 1.84M | 1.3M |
| Property, Plant & Equipment | 13.59M | 12.96M | 13.51M | 13.95M | 14.03M | 14.24M | 14.62M | 15.01M | 15.12M | 15.4M | 15.3M | 15.11M | 13.96M | 13.14M | 12.58M | 11.66M | 2.36M | 1.64M | 1.37M | 972.69K |
| Fixed Asset Turnover | 0.25x | 0.36x | 0.37x | 0.29x | 0.16x | 0.20x | 0.21x | 0.13x | 0.03x | 0.05x | 0.03x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.02x | 0.01x | 0.08x | 0.31x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 757.81K | 896.53K | 1.04M | 1.02M | 1.11M | 953.05K | 1.34M | 1.34M | 1.34M | 1.34M | 1.34M | 1.34M | 1.34M | 1.27M | 1.02M | 876.94K | 734.21K | 593.05K | 442.46K | 298.11K |
| Long-Term Investments | 68.61K | 122.72K | 635.07K | 122.68K | 66.31K | 66.31K | 90.73K | 66.31K | 66.31K | 90.73K | 90.73K | 90.73K | 90.73K | 0 | 24.42K | 24.42K | 24.42K | 24.42K | 24.42K | 24.42K |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.42K | 24.42K | 24.42K | 24.42K | -16.51M | -14.76M | 48.85K | 24.42K | 24.42K | 0 | 24.42K | 24.42K | 24.42K |
| Total Assets | 27.88M | 30.77M | 27.56M | 23.58M | 26.66M | 25.74M | 24.94M | 27.19M | 27.29M | 25.95M | 24.62M | 26.99M | 30.1M | 32.76M | 35.72M | 38.22M | 33.96M | 36.29M | 38.6M | 14.42M |
| Asset Turnover | 0.11x | 0.16x | 0.20x | 0.16x | 0.09x | 0.12x | 0.12x | 0.07x | 0.02x | 0.03x | 0.02x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.02x |
| Asset Growth % | 4.57% | 19.56% | 10.51% | -13.26% | -2.3% | -0.84% | 1.29% | 0.72% | -9.32% | -20.79% | -31.07% | -29.37% | -11.38% | -9.73% | -7.47% | 165.11% | 232.63% | 1808.05% | 3310.25% | 1840.91% |
| Total Current Liabilities | 6.89M | 6.73M | 6.07M | 3.73M | 3.52M | 3.17M | 3.01M | 2.25M | 7.84M | 7.17M | 7.56M | 6.9M | 2.43M | 2.46M | 2.5M | 2.43M | 1.79M | 1.8M | 1.73M | 1.46M |
| Accounts Payable | 2.84M | 3.11M | 2.81M | 1.97M | 1.76M | 1.53M | 2.46M | 1.75M | 2.26M | 1.45M | 1.88M | 1.2M | 2.02M | 2.03M | 1.82M | 1.75M | 1.26M | 1.14M | 1.17M | 906.64K |
| Days Payables Outstanding | 108.9 | 82.17 | 63.93 | 56.24 | 80.3 | 70.37 | 67.29 | 112.34 | 355.54 | 204.8 | 383.59 | 956.1 | 9.22K | -110.6K | 13K | 17.11K | 2.85K | 1.49K | 1.17K | 578.88 |
| Short-Term Debt | 2.65M | 1.8M | 1.88M | 235.87K | 227.06K | 222.99K | 190K | 0 | 5.3M | 5.3M | 5.3M | 5.3M | 2.19K | 46.1K | 312.86K | 312.86K | 325.28K | 327.14K | 291.6K | 291.6K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.02M | 1.4M | 1.08M | 517.48K | 431.48K | 377.11K | 0 | 0 | 0 | 85.01K | 0 | 0 | 10.11K | 0 | 0 | 0 | 0 | 112.19K | 51.19K | 51.19K |
| Current Ratio | 1.95x | 2.50x | 2.04x | 2.27x | 3.26x | 3.30x | 2.96x | 4.77x | 1.37x | 1.27x | 1.04x | 1.52x | 6.04x | 7.45x | 8.82x | 10.58x | 17.19x | 18.94x | 21.27x | 8.97x |
| Quick Ratio | 0.27x | 1.08x | 0.91x | 0.70x | 1.63x | 1.67x | 0.91x | 1.93x | 0.54x | 0.77x | 0.57x | 1.10x | 5.39x | 6.90x | 8.31x | 10.12x | 16.74x | 18.66x | 21.24x | 8.92x |
| Cash Conversion Cycle | 299.33 | 159.54 | 117.33 | 127.21 | 195.69 | 143.09 | 151.62 | 268.08 | 688.1 | 309.25 | 550.08 | 602.65 | -1.51K | 35.64K | -2.76K | -4.71K | -954.62 | 353.75 | -873.89 | -412.99 |
| Total Non-Current Liabilities | 1.01M | 1.11M | 1.2M | 2.53M | 3.02M | 5.15M | 5.57M | 5.79M | 546.57K | 608.76K | 643.41K | 693.29K | 6.08M | 6.18M | 6.29M | 6.38M | 264.25K | 316.99K | 368.43K | 420.37K |
| Long-Term Debt | 884.26K | 950.48K | 1.01M | 2.09M | 2.71M | 4.78M | 5.14M | 5.3M | 0 | 0 | 0 | 0 | 5.3M | 5.3M | 5.3M | 5.3M | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 128.88K | 159.53K | 189.12K | 437.27K | 310.34K | 368.47K | 433.21K | 485.45K | 546.57K | 608.76K | 643.41K | 693.29K | 780.31K | 884.15K | 985.43K | 1.08M | 264.25K | 316.99K | 368.43K | 420.37K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 7.9M | 7.84M | 7.27M | 6.26M | 6.54M | 8.32M | 8.58M | 8.04M | 8.39M | 7.78M | 8.21M | 7.59M | 8.51M | 8.65M | 8.79M | 8.81M | 2.06M | 2.11M | 2.1M | 1.88M |
| Total Debt | 3.66M | 2.91M | 3.09M | 3.09M | 3.49M | 5.62M | 6.01M | 6.03M | 6.12M | 6.24M | 6.29M | 6.39M | 6.48M | 6.62M | 6.97M | 7.06M | 801.11K | 857.06K | 874.28K | 925.74K |
| Net Debt | 3.09M | -3.04M | -674.02K | 1.7M | -1.59M | 735.9K | 4.15M | 2.6M | 2.59M | 2.87M | 3.32M | 484.17K | -4.01M | -8.7M | -9.75M | -12.07M | -25.01M | -27.71M | -28.13M | -11.34M |
| Debt / Equity | 0.18x | 0.13x | 0.15x | 0.18x | 0.17x | 0.32x | 0.37x | 0.31x | 0.32x | 0.34x | 0.38x | 0.33x | 0.30x | 0.27x | 0.26x | 0.24x | 0.03x | 0.03x | 0.02x | 0.07x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -62.18x | -38.21x | -34.49x | -28.14x | -21.82x | -17.02x | -17.00x | -28.91x | -29.05x | -23.49x | -33.69x | -19.21x | -20.34x | -19.24x | -24.62x | -17.73x | -111.28x | -194.67x | -78.05x | -43.84x |
| Total Equity | 19.98M | 22.93M | 20.29M | 17.32M | 20.13M | 17.41M | 16.36M | 19.15M | 18.9M | 18.18M | 16.41M | 19.4M | 21.58M | 24.12M | 26.93M | 29.41M | 31.9M | 34.18M | 36.51M | 12.53M |
| Equity Growth % | -0.73% | 31.69% | 24.01% | -9.56% | 6.48% | -4.21% | -0.31% | -1.3% | -12.43% | -24.63% | -39.05% | -34.04% | -32.35% | -29.44% | -26.24% | 134.66% | 261.38% | 20068.36% | 8317.62% | 1701.3% |
| Book Value per Share | 1.85 | 2.61 | 2.61 | 2.22 | 2.59 | 2.56 | 2.41 | 1.92 | 1.89 | 1.82 | 1.64 | 1.94 | 2.16 | 2.42 | 2.70 | 2.74 | 2.97 | 2.97 | 2.61 | 1.28 |
| Total Shareholders' Equity | 19.98M | 22.93M | 20.29M | 17.32M | 20.13M | 17.41M | 16.36M | 19.15M | 18.9M | 18.18M | 16.41M | 19.4M | 21.58M | 24.12M | 26.93M | 29.41M | 31.9M | 34.18M | 36.51M | 12.53M |
| Common Stock | 11.93K | 9.81K | 7.59K | 5.52K | 4.79K | 4.02K | 3.09K | 2.85K | 2.41K | 2.03K | 1.74K | 1.74K | 1.72K | 1.72K | 1.72K | 1.71K | 1.7K | 1.7K | 1.68K | 1.11K |
| Retained Earnings | -89.73M | -83.87M | -77.62M | -72.67M | -68.94M | -64.48M | -60.18M | -56.04M | -52.03M | -48.31M | -44.65M | -40.7M | -36.91M | -33.38M | -29.92M | -27.04M | -23.67M | -20.85M | -17.05M | -14.9M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 2.16M | 5.44M | 2.12M | -8.58K | -8.58K | -8.58K | -8.58K | 5.95M | 1.91M | 1.8M | 1.6M | 1.48M | -8.58K | -8.58K | -8.58K | -8.58K | 355.11K | -8.58K | -8.58K | -8.58K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |