Worksport (Worksport) Cash, Cash Equivalents, Marketable Securities : $2.64 Mil (As of Dec. 2023)

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What is Worksport Cash, Cash Equivalents, Marketable Securities?

Worksport's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($5.90 Mil) to Sep. 2023 ($2.97 Mil) but then stayed the same from Sep. 2023 ($2.97 Mil) to Dec. 2023 ($2.64 Mil).

Worksport's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($28.57 Mil) to Dec. 2022 ($14.21 Mil) and declined from Dec. 2022 ($14.21 Mil) to Dec. 2023 ($2.64 Mil).

Worksport Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Worksport's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Worksport Cash, Cash Equivalents, Marketable Securities Chart

Worksport Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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0.01

1.11

28.57

14.21

2.64

Worksport Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															14.21	10.49	5.90	2.97	2.64

Worksport Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Worksport (NAS:WKSP) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Worksport Cash, Cash Equivalents, Marketable Securities Related Terms

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Worksport (Worksport) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Worksport Ltd (NAS:WKSP) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

55G East Beaver Creek Road, Richmond Hill, ON, CAN, L4B 1E5

Website

https://www.worksport.com

Worksport Ltd through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. The company's product includes soft vinyl tonneau covers and hard aluminum tonneau covers.

Executives

Ned L Siegel	director	600 WILSHIRE BOULEVARD, LOS ANGELES CA 90017
William J Caragol	director	1690 SOUTH CONGRESS AVENUE, SUITE 200, DELRAY BEACH FL 33445
Craig William Loverock	director	48 UNION AVE, PORT PERRY A6 L9L 1G2
Michael D Johnston	officer: Chief Financial Officer	340 RICHMOND STREET WEST, TORONTO Z4 MSV 1X2
Lorenzo Rossi	director, officer: Treasurer	1895 CLEMENTS ROAD, SUITE 155, PICKERING A6 M1P 4Y9
Steven Raivio	director, officer: COO, Secretary	8820 JANE STREET, VAUGHAN A6 L4K 2M9
Steven F. Rossi	10 percent owner	1895 CLEMENTS ROAD, PICKERING A6 M1P 4Y9
Truxmart Ltd.	10 percent owner	1895 CLEMENTS ROAD, PICKERING A6 MIP 4Y9
Mathis Family Partners Ltd.	10 percent owner	2560 W. MAIN STREET, SUITE 200, LITTLETON CO 80120
Lazzeri Family Trust, Robert Lazzeri, Trustee	10 percent owner	5046 CHRISTENSEN DRIVE, LITTLETON CO 80123
Earnco M.p.p.p.	10 percent owner	2560 W MAIN ST, STE 200, LITTLETON CO 80120
Lazzeri Equity Partners 401k Plan	10 percent owner	2560 W MAIN STREET, SUITE 200, LITTLETON CO 80120
A. J. Boisdrenghien	director, 10 percent owner, officer: President	5910 SOUTH UNIVERSITY BOULEVARD, C-18, UNIT 165, LITTLETON CO 80121-2800