Lordstown Motors (RIDE)

Total assets on the balance sheet as of June 2023 : HK$1.26 Billion

According to Lordstown Motors's latest financial reports the company's total assets are HK$1.26 Billion. A company’s total assets is the sum of all current and non-current assets, such as inventories, cash and cash equivalents, properties and equipment.

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

Total assets by year

Year	Total assets	Change
2022-12-31	HK$3.53 B	-34.2%
2021-12-31	HK$5.37 B	-9.7%
2020-12-31	HK$5.94 B	2176.52%
2019-12-31	HK$0.26 B

Total Assets for similar companies or competitors

Company	Total assets	differencediff.	Country
Workhorse Group WKHS	HK$0.78 B	-37.82%	🇺🇸 USA
Lordstown Motors RIDE	HK$1.26 B	0.00%	🇺🇸 USA
Federal Signal FSS	HK$13.47 B	962.95%	🇺🇸 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) - Total assets

Total assets on the balance sheet as of June 2023 : HK$1.26 Billion