Lordstown Motors (RIDE) - Net assets

Net assets on the balance sheet as of June 2023 : HK$0.46 Billion

According to Lordstown Motors's latest financial reports the company has HK$0.46 Billion 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	$HK$2.98 B	-29.06%
2021-12-31	$HK$4.20 B	-25.87%
2020-12-31	$HK$5.67 B	8417.45%
2019-12-31	$HK$66.63 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Workhorse Group WKHS	HK$0.36 B	-21.83%	🇺🇸 USA
Lordstown Motors RIDE	HK$0.46 B	0.00%	🇺🇸 USA
Federal Signal FSS	HK$8.93 B	1,801.25%	🇺🇸 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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