Lordstown Motors (RIDE)

Net assets on the balance sheet as of June 2023 : €54.55 M

According to Lordstown Motors's latest financial reports the company has €54.55 M in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Lordstown Motors - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$€0.35 B	-24.91%
2021-12-31	$€0.47 B	-20.81%
2020-12-31	$€0.59 B	7759.91%
2019-12-31	$€7.62 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Workhorse Group WKHS	€52.91 M	-3.01%	🇺🇸 USA
Lordstown Motors RIDE	€54.55 M	0.00%	🇺🇸 USA
Federal Signal FSS	€0.99 B	1,718.87%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Lordstown Motors (RIDE) - Net assets

Net assets on the balance sheet as of June 2023 : €54.55 M