Worksport (WKSP) Debt Ratio (2017 - 2026)
Worksport (WKSP) posted quarterly Debt Ratio of 0.17 for Q1 2026, up 56.11% year-over-year from 0.11 in Q1 2025, and up 21.02% quarter-over-quarter from 0.14 in Q4 2025.
Worksport (WKSP) Debt Ratio (2017 - 2026) Analysis & Trends
Worksport (WKSP) has reported Debt Ratio for 10 consecutive years, with 0.17 the latest figure, recorded in Q1 2026.
- In Q1 2026, Debt Ratio rose 56.11% year-over-year to 0.17; the TTM figure through Mar 2026 stood at 0.17 (up 56.11% YoY), while the FY2025 annual figure was 0.14, down 26.96% from the prior year.
- Debt Ratio improved to 0.17 in Q1 2026 per WKSP's latest filing, from 0.14 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.41 in Q4 2023 and bottomed at 0.01 in Q1 2022.
- Historically, Debt Ratio has averaged 0.16 across 5 years, with a median of 0.17 in 2026.
- Annual changes were most pronounced in 2022 — Debt Ratio slumped 65.18% — and 2023, when it soared 3244.4%.
- Worksport's Debt Ratio stood at 0.16 in 2022, then jumped by 150.3% to 0.41 in 2023, then plunged by 52.39% to 0.19 in 2024, then fell by 26.96% to 0.14 in 2025, then rose by 21.02% to 0.17 in 2026.
- Business Quant data shows WKSP's Debt Ratio at 0.17 in Q1 2026, 0.14 in Q4 2025, and 0.12 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.55 Bn | 73.29 Bn | 2.52 Bn | 0.40 |
| 2 | Autozone | 48.72 Bn | 48.46 Bn | 2.52 Bn | 0.43 |
| 3 | Magna International | 20.02 Bn | 18.59 Bn | 1.61 Bn | - |
| 4 | Genuine Parts | 18.44 Bn | 17.88 Bn | 2.47 Bn | 0.22 |
| 5 | Borgwarner | 13.74 Bn | 11.29 Bn | 721.00 Mn | 0.28 |
| 6 | Allison Transmission Holdings | 11.11 Bn | 10.71 Bn | 515.00 Mn | 0.47 |
| 7 | Modine Manufacturing | 10.43 Bn | 10.36 Bn | - | 0.16 |
| 8 | Aptiv | 10.21 Bn | 9.45 Bn | 775.00 Mn | 0.30 |
| 9 | Autoliv | 9.27 Bn | 8.90 Bn | 509.00 Mn | 0.24 |
| 10 | Worksport | 7.00 Mn | 5.71 Mn | 1.65 Mn | 0.20 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.20 |
| Mar 31, 2026 | 0.17 |
| Dec 31, 2025 | 0.14 |
| Sep 30, 2025 | 0.12 |
| Jun 30, 2025 | 0.12 |
| Mar 31, 2025 | 0.11 |
| Dec 31, 2024 | 0.19 |
| Sep 30, 2024 | 0.21 |
| Jun 30, 2024 | 0.19 |
| Mar 31, 2024 | 0.19 |
| Dec 31, 2023 | 0.41 |
| Sep 30, 2023 | 0.22 |
| Jun 30, 2023 | 0.20 |
| Mar 31, 2023 | 0.18 |
| Dec 31, 2022 | 0.16 |
| Sep 30, 2022 | 0.01 |
| Jun 30, 2022 | 0.14 |
| Mar 31, 2022 | 0.01 |
| Dec 31, 2021 | 0.01 |
| Sep 30, 2021 | 0.00 |