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Worksport (Worksport) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)


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What is Worksport LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Worksport's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Worksport's long-term debt to total assets ratio declined from Dec. 2022 (0.19) to Dec. 2023 (0.02). It may suggest that Worksport is progressively becoming less dependent on debt to grow their business.


Worksport LT-Debt-to-Total-Asset Historical Data

The historical data trend for Worksport's LT-Debt-to-Total-Asset 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.

* Premium members only.

Worksport LT-Debt-to-Total-Asset Chart

Worksport Annual Data
Trend Sep14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.01 0.01 0.19 0.02

Worksport Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.20 0.03 0.03 0.02

Worksport LT-Debt-to-Total-Asset Calculation

Worksport's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=0.609/25.954
=0.02

Worksport's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=0.609/25.954
=0.02

* 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.


Worksport  (NAS:WKSP) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.


Worksport LT-Debt-to-Total-Asset Related Terms

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Worksport (Worksport) Business Description

Traded in Other Exchanges
N/A
Address
55G East Beaver Creek Road, Richmond Hill, ON, CAN, L4B 1E5
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

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