Company / Interest Expense
Worksport Ltd Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$488.7K
FY2023
5-year range
$294.9K / $488.7K
FY2019-FY2023
Trend
+65.7%
vs FY2022
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Interest Expense has fluctuated over the past 8 years, ranging from $10,850 in FY2016 to $488,704 in FY2023.
Based on SEC 10-K filings.
$488,704 in FY2023 with a 5-year CAGR of +105.6%.
Increased from $386,249 to $488,704 over the past 2 years.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +89.4%
- 5-Year CAGR
- +105.6%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +105.6%, indicating consistent growth.
- In FY2023, interest expense increased 65.7% year-over-year.
- Lowest interest expense in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score -0.50 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $488.7K | +65.7% |
| FY2022 | $294.9K | -23.6% |
| FY2021 | $386.2K | +436.7% |
| FY2020 | $72.0K | +29.5% |
| FY2019 | $55.5K | +317.4% |
| FY2018 | $13.3K | -35.9% |
| FY2017 | $20.8K | +91.5% |
| FY2016 | $10.8K | - |
As of FY2023 · SEC 10-K · Updated Jun 28, 2026