Worksport Short Long Term Debt vs Retained Earnings Analysis

WKSP Stock

USD 0.58 0.02 3.33%

Worksport financial indicator trend analysis is more than just analyzing Worksport current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Worksport is a good investment. Please check the relationship between Worksport Short Long Term Debt and its Retained Earnings accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worksport. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Worksport Stock, please use our How to Invest in Worksport guide.

Short Long Term Debt vs Retained Earnings

Short Long Term Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worksport Short Long Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.

The correlation between Worksport's Short Long Term Debt and Retained Earnings is -0.84. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Worksport, assuming nothing else is changed. The correlation between historical values of Worksport's Short Long Term Debt and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Worksport are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Short Long Term Debt i.e., Worksport's Short Long Term Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.84

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Worksport's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Worksport current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worksport. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Worksport Stock, please use our How to Invest in Worksport guide.At this time, Worksport's Selling General Administrative is relatively stable compared to the past year. As of 06/09/2024, Issuance Of Capital Stock is likely to grow to about 5.5 M, while Enterprise Value Over EBITDA is likely to drop (2.38).

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	219.6K	912.3K	1.1M	1.2M
Cost Of Revenue	350.7K	57.0K	1.3M	1.4M

Depreciation And Amortization Cost Of Revenue

Worksport fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Common Stock Total Equity	Non Current Assets Total	Net Receivables	Inventory	Other Current Assets	Intangible Assets	Property Plant And Equipment Net	Property Plant And Equipment Gross
Total Assets		0.79	0.4	0.68	0.99	-0.63	-0.56	-0.84	0.85	0.8	0.81	0.87	0.55	0.96	0.82	0.86	0.57	-0.18	0.51	0.79	0.77	0.69	0.96	0.89	0.78	0.77
Short Long Term Debt Total	0.79		0.47	0.87	0.69	-0.55	0.05	-0.95	0.86	0.29	0.29	0.89	0.63	0.89	0.99	0.39	0.79	-0.11	0.5	0.99	0.89	0.9	0.59	0.98	0.99	0.99
Other Current Liab	0.4	0.47		0.08	0.34	-0.18	-0.18	-0.26	0.51	0.33	0.33	0.46	0.89	0.29	0.51	0.34	-0.11	0.13	0.4	0.37	0.15	0.08	0.23	0.39	0.37	0.35
Total Current Liabilities	0.68	0.87	0.08		0.59	-0.55	0.13	-0.94	0.74	0.17	0.18	0.84	0.18	0.85	0.87	0.28	0.97	0.05	0.59	0.91	0.97	0.97	0.57	0.88	0.9	0.91
Total Stockholder Equity	0.99	0.69	0.34	0.59		-0.6	-0.67	-0.76	0.78	0.88	0.88	0.8	0.49	0.91	0.71	0.92	0.48	-0.22	0.46	0.69	0.68	0.6	0.99	0.81	0.68	0.67
Current Deferred Revenue	-0.63	-0.55	-0.18	-0.55	-0.6		0.31	0.68	-0.82	-0.48	-0.48	-0.56	-0.38	-0.69	-0.6	-0.53	-0.42	-0.11	-0.42	-0.51	-0.61	-0.46	-0.59	-0.58	-0.5	-0.5
Net Debt	-0.56	0.05	-0.18	0.13	-0.67	0.31		0.06	-0.27	-0.94	-0.94	-0.21	-0.21	-0.32	-0.01	-0.89	0.24	0.13	-0.15	0.07	0.01	0.17	-0.73	-0.13	0.09	0.1
Retained Earnings	-0.84	-0.95	-0.26	-0.94	-0.76	0.68	0.06		-0.87	-0.38	-0.38	-0.9	-0.43	-0.96	-0.95	-0.48	-0.88	0.06	-0.56	-0.96	-0.96	-0.94	-0.71	-0.97	-0.96	-0.96
Accounts Payable	0.85	0.86	0.51	0.74	0.78	-0.82	-0.27	-0.87		0.54	0.55	0.85	0.64	0.88	0.9	0.62	0.58	0.11	0.63	0.82	0.81	0.69	0.72	0.87	0.81	0.8
Cash	0.8	0.29	0.33	0.17	0.88	-0.48	-0.94	-0.38	0.54		1.0	0.5	0.4	0.61	0.34	0.99	0.04	-0.16	0.32	0.27	0.3	0.15	0.9	0.45	0.25	0.24
Cash And Short Term Investments	0.81	0.29	0.33	0.18	0.88	-0.48	-0.94	-0.38	0.55	1.0		0.5	0.4	0.62	0.35	0.99	0.04	-0.16	0.32	0.28	0.3	0.16	0.9	0.46	0.26	0.25
Common Stock Shares Outstanding	0.87	0.89	0.46	0.84	0.8	-0.56	-0.21	-0.9	0.85	0.5	0.5		0.51	0.9	0.91	0.58	0.73	0.02	0.6	0.88	0.86	0.82	0.75	0.92	0.88	0.88
Non Current Liabilities Total	0.55	0.63	0.89	0.18	0.49	-0.38	-0.21	-0.43	0.64	0.4	0.4	0.51		0.47	0.64	0.43	0.02	-0.16	0.21	0.54	0.28	0.24	0.35	0.56	0.53	0.51
Other Stockholder Equity	0.96	0.89	0.29	0.85	0.91	-0.69	-0.32	-0.96	0.88	0.61	0.62	0.9	0.47		0.91	0.7	0.77	-0.15	0.54	0.91	0.9	0.86	0.87	0.97	0.9	0.9
Total Liab	0.82	0.99	0.51	0.87	0.71	-0.6	-0.01	-0.95	0.9	0.34	0.35	0.91	0.64	0.91		0.44	0.77	-0.02	0.58	0.98	0.9	0.88	0.63	0.97	0.97	0.97
Total Current Assets	0.86	0.39	0.34	0.28	0.92	-0.53	-0.89	-0.48	0.62	0.99	0.99	0.58	0.43	0.7	0.44		0.15	-0.17	0.37	0.38	0.4	0.26	0.94	0.55	0.36	0.35
Short Term Debt	0.57	0.79	-0.11	0.97	0.48	-0.42	0.24	-0.88	0.58	0.04	0.04	0.73	0.02	0.77	0.77	0.15		-0.05	0.45	0.85	0.92	0.97	0.47	0.81	0.85	0.87
Common Stock	-0.18	-0.11	0.13	0.05	-0.22	-0.11	0.13	0.06	0.11	-0.16	-0.16	0.02	-0.16	-0.15	-0.02	-0.17	-0.05		0.68	-0.14	0.09	-0.12	-0.17	-0.16	-0.14	-0.14
Common Stock Total Equity	0.51	0.5	0.4	0.59	0.46	-0.42	-0.15	-0.56	0.63	0.32	0.32	0.6	0.21	0.54	0.58	0.37	0.45	0.68		0.48	0.63	0.46	0.47	0.52	0.48	0.48
Non Current Assets Total	0.79	0.99	0.37	0.91	0.69	-0.51	0.07	-0.96	0.82	0.27	0.28	0.88	0.54	0.91	0.98	0.38	0.85	-0.14	0.48		0.91	0.95	0.61	0.98	1.0	1.0
Net Receivables	0.77	0.89	0.15	0.97	0.68	-0.61	0.01	-0.96	0.81	0.3	0.3	0.86	0.28	0.9	0.9	0.4	0.92	0.09	0.63	0.91		0.94	0.66	0.91	0.91	0.92
Inventory	0.69	0.9	0.08	0.97	0.6	-0.46	0.17	-0.94	0.69	0.15	0.16	0.82	0.24	0.86	0.88	0.26	0.97	-0.12	0.46	0.95	0.94		0.56	0.91	0.95	0.96
Other Current Assets	0.96	0.59	0.23	0.57	0.99	-0.59	-0.73	-0.71	0.72	0.9	0.9	0.75	0.35	0.87	0.63	0.94	0.47	-0.17	0.47	0.61	0.66	0.56		0.75	0.59	0.59
Intangible Assets	0.89	0.98	0.39	0.88	0.81	-0.58	-0.13	-0.97	0.87	0.45	0.46	0.92	0.56	0.97	0.97	0.55	0.81	-0.16	0.52	0.98	0.91	0.91	0.75		0.98	0.97
Property Plant And Equipment Net	0.78	0.99	0.37	0.9	0.68	-0.5	0.09	-0.96	0.81	0.25	0.26	0.88	0.53	0.9	0.97	0.36	0.85	-0.14	0.48	1.0	0.91	0.95	0.59	0.98		1.0
Property Plant And Equipment Gross	0.77	0.99	0.35	0.91	0.67	-0.5	0.1	-0.96	0.8	0.24	0.25	0.88	0.51	0.9	0.97	0.35	0.87	-0.14	0.48	1.0	0.92	0.96	0.59	0.97	1.0

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Worksport Account Relationship Matchups

Worksport fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	481.3K	1.9M	36.3M	32.8M	26.0M	27.3M
Short Long Term Debt Total	357.7K	712.8K	857.1K	6.6M	6.2M	6.6M
Other Current Liab	36.8K	48.2K	112.2K	2.1M	85.0K	80.8K
Total Current Liabilities	1.3M	1.7M	1.8M	2.5M	7.2M	7.5M
Total Stockholder Equity	(882.6K)	169.5K	34.2M	24.1M	18.2M	19.1M
Net Debt	345.7K	(395.0K)	(27.7M)	(7.6M)	3.6M	3.8M
Retained Earnings	(10.8M)	(12.9M)	(20.8M)	(33.4M)	(48.3M)	(45.9M)
Accounts Payable	969.3K	971.7K	1.1M	2.0M	1.5M	1.5M
Cash	12.0K	1.1M	28.6M	14.2M	2.6M	3.4M
Cash And Short Term Investments	12.0K	1.1M	28.6M	14.2M	2.6M	3.7M
Common Stock Shares Outstanding	1.8M	2.7M	11.5M	17.1M	17.7M	18.6M
Liabilities And Stockholders Equity	481.3K	1.9M	36.3M	32.8M	26.0M	27.3M
Non Current Liabilities Total	39.2K	14.6K	317.0K	6.2M	608.8K	586.8K
Other Stockholder Equity	9.9M	13.0M	55.0M	57.5M	66.5M	69.8M
Total Liab	1.4M	1.7M	2.1M	8.6M	7.8M	8.2M
Total Current Assets	253.7K	1.7M	34.0M	18.3M	9.1M	4.8M
Short Term Debt	318.5K	698.2K	540.1K	433.4K	5.6M	5.9M
Common Stock	4.2K	7.6K	1.7K	1.7K	2.0K	2.7K
Common Stock Total Equity	12.2K	2.5K	4.2K	7.6K	8.8K	9.2K
Non Current Assets Total	227.6K	217.4K	2.3M	14.4M	16.8M	17.7M
Net Receivables	67.8K	290.6K	247.4K	330.6K	629.0K	660.4K
Inventory	113.2K	40.8K	501.8K	1.3M	3.6M	3.8M
Other Current Assets	60.7K	245.5K	4.7M	2.3M	2.2M	2.3M
Intangible Assets	57.1K	62.9K	593.1K	1.3M	1.3M	1.4M
Property Plant And Equipment Net	154.8K	130.0K	1.6M	13.1M	15.4M	16.2M
Property Plant And Equipment Gross	154.8K	130.0K	1.7M	13.7M	17.1M	17.9M
Net Tangible Assets	(939.7K)	106.5K	33.6M	22.8M	26.3M	27.6M
Short Long Term Debt	296.5K	674.3K	327.1K	46.1K	5.3M	5.6M
Property Plant Equipment	154.8K	130.0K	1.6M	12.5M	14.4M	15.1M
Net Invested Capital	(586.0K)	843.8K	34.5M	29.5M	23.5M	13.9M
Net Working Capital	(1.1M)	(33.3K)	32.2M	15.9M	2.0M	1.9M
Capital Stock	4.2K	7.6K	1.7K	1.7K	2.0K	4.0K

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Worksport Short Long Term Debt vs Retained Earnings Analysis

Short Long Term Debt vs Retained Earnings

Short Long Term Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Short Long Term Debt

Retained Earnings

Worksport fundamental ratios Correlations

Worksport Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Worksport fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Worksport Stock Analysis

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Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 1.0	Non Current Assets Total
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total

Intangible Assets	- 0.97	Retained Earnings
Property Plant And Equipment Gross	- 0.96	Retained Earnings
Property Plant And Equipment Net	- 0.96	Retained Earnings
Net Receivables	- 0.96	Retained Earnings
Non Current Assets Total	- 0.96	Retained Earnings
Other Stockholder Equity	- 0.96	Retained Earnings