CSIMarket
 


Worksport Ltd  (WKSP)
Other Ticker:  
 

Worksport Ltd's Quick Ratio

WKSP's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the second quarter 2023, Quick Ratio fell to 0.86 below Worksport Ltd average.

Within Auto & Truck Parts industry 9 other companies have achieved higher Quick Ratio than Worksport Ltd in second quarter 2023. While Quick Ratio total ranking in the second quarter 2023 has deteriorated compared to the prior quarter from 746 to 1756.

Explain Quick Ratio?
How much Cash & cash equivalents WKSP´s has?
What are WKSP´s Current Liabilities?


WKSP Quick Ratio (Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Current Liabilities Change 235.16 % 35.54 % 37 % 23.2 % 40.71 %
Y / Y Cash & cash equivalent Change -69.16 % -59.36 % -48.82 % -42.34 % 56.01 %
Quick Ratio MRQ 0.86 4.31 5.94 7.86 9.29
WKSP's Total Ranking # 1756 # 746 # 651 # 453 # 403
Seq. Current Liabilities Change 183.65 % -1.17 % 15.63 % 3.4 % 14.71 %
Seq. Cash & cash equivalent Change -43.73 % -28.26 % -12.58 % -12.61 % -25.85 %



Quick Ratio second quarter 2023 Company Ranking
Within: No.
Auto & Truck Parts Industry # 10
Consumer Discretionary Sector # 35
Overall Market # 1756


Quick Ratio Statistics
High Average Low
16.78 2.63 0
(Sep 30 2021)   (Sep 30 2016)




Financial Statements
Worksport Ltd's Current Liabilities $ 7 Millions Visit WKSP's Balance sheet
Worksport Ltd's Cash & cash equivalent $ 6 Millions Visit WKSP's Balance sheet
Source of WKSP's Sales Visit WKSP's Sales by Geography


Cumulative Worksport Ltd's Quick Ratio

WKSP's Quick Ratio for the trailling 12 Months

WKSP Quick Ratio

(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth 235.16 % 35.54 % 37 % 23.2 % 40.71 %
Y / Y Cash & cash equivalent TTM Growth -69.16 % -59.36 % -48.82 % -42.34 % 56.01 %
Quick Ratio TTM 3.43 6.71 9.03 11.6 13.89
Total Ranking TTM # 1622 # 3512 # 3350 # 308 # 288
Seq. Current Liabilities TTM Growth 183.65 % -1.17 % 15.63 % 3.4 % 14.71 %
Seq. Cash & cash equivalent TTM Growth -43.73 % -28.26 % -12.58 % -12.61 % -25.85 %


On the trailing twelve months basis Due to in Current Liabilities in the II Quarter 2023 to $6.90 millions, cumulative Quick Ratio decreased to 3.43 above the WKSP average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Auto & Truck Parts industry 8 other companies have achieved higher Quick Ratio than Worksport Ltd. While Quick Ratio overall ranking has improved so far to 1622, from total ranking during the twelve months ending first quarter 2023 at 3512.

Explain Quick Ratio?
How much Cash & cash equivalents WKSP´s has?
What are WKSP´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Auto & Truck Parts Industry # 9
Consumer Discretionary Sector # 34
Within the Market # 1622


trailing twelve months Quick Ratio Statistics
High Average Low
14.1 3.33 0.02
(Mar 31 2022)   (Sep 30 2017)




Companies with similar Quick Ratio in the quarter ending Jun 30 2023, within Auto & Truck Parts Industry Quick RatioJun 30 2023 MRQ Cash & cash equivalentJun 30 2023 MRQ Current Liabilities
Ezgo Technologies Ltd   1.63 $ 17.938  Millions$ 11.039  Millions
Envirotech Vehicles Inc   1.36 $ 1.846  Millions$ 1.361  Millions
Xos Inc   1.19 $ 41.146  Millions$ 34.520  Millions
Innoviz Technologies Ltd   1.07 $ 39.671  Millions$ 37.230  Millions
China Automotive Systems inc   1.06 $ 125.541  Millions$ 117.887  Millions
Gentex Corporation  0.93 $ 257.838  Millions$ 276.062  Millions
Worksport Ltd  0.86 $ 5.902  Millions$ 6.901  Millions
Superior Industries International Inc   0.78 $ 181.115  Millions$ 230.875  Millions
Allison Transmission Holdings Inc   0.78 $ 351.000  Millions$ 451.000  Millions
Harley davidson Inc   0.67 $ 1,657.558  Millions$ 2,466.459  Millions
Gentherm Incorporated  0.56 $ 168.671  Millions$ 299.617  Millions
Visteon Corporation  0.52 $ 459.000  Millions$ 881.000  Millions
Tpi Composites Inc   0.43 $ 179.335  Millions$ 417.428  Millions
American Axle and Manufacturing Holdings Inc  0.42 $ 511.100  Millions$ 1,212.800  Millions
Holley Inc   0.41 $ 42.740  Millions$ 103.211  Millions
Atmus Filtration Technologies Inc   0.41 $ 139.600  Millions$ 344.400  Millions
Brunswick Corporation  0.35 $ 489.300  Millions$ 1,394.000  Millions
Garrett Motion Inc   0.31 $ 478.000  Millions$ 1,518.000  Millions
Icahn Enterprises l p   0.31 $ 2,488.000  Millions$ 8,091.000  Millions
Aptiv Plc  0.28 $ 1,302.000  Millions$ 4,589.000  Millions
Cummins Inc   0.26 $ 2,826.000  Millions$ 11,045.000  Millions
Commercial Vehicle Group Inc   0.24 $ 42.441  Millions$ 178.250  Millions
Securetech Innovations Inc   0.21 $ 0.012  Millions$ 0.056  Millions
Strattec Security Corp  0.19 $ 20.571  Millions$ 108.986  Millions
Modine Manufacturing Co  0.18 $ 92.500  Millions$ 506.700  Millions
Dana Inc   0.18 $ 484.000  Millions$ 2,685.000  Millions

Date modified: 2023-08-21T08:23:23+00:00



Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com