Local Bounti (LOCL) - Net Assets

Net assets on the balance sheet as of June 2024 : -£25.3 Million

According to Local Bounti's latest financial reports the company has -£25.3 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Local Bounti - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$£0.10 B	33.14%
2021-12-31	$£75.32 M	-4093.76%
2020-12-31	$-£1.89 Million

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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Local Bounti (LOCL) - Net assets