Lordstown Motors (RIDE) - Net assets

Net assets on the balance sheet as of June 2023 : $60.45 Million USD

According to Lordstown Motors's latest financial reports the company has $60.45 Million USD 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	$$0.38 B	-29.2%
2021-12-31	$$0.53 B	-26.3%
2020-12-31	$$0.73 B	8456.92%
2019-12-31	$$8.55 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Workhorse Group WKHS	$32.07 M	-46.95%	🇺🇸 USA
Lordstown Motors RIDE	$60.45 M	0.00%	🇺🇸 USA
Federal Signal FSS	$1.32 B	2,086.25%	🇺🇸 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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