Lordstown Motors (RIDE) - Net assets

Net assets on the balance sheet as of June 2023 : S$78.13 Million

According to Lordstown Motors's latest financial reports the company has S$78.13 Million 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	$S$0.51 B	-29.79%
2021-12-31	$S$0.72 B	-24.68%
2020-12-31	$S$0.96 B	8296.72%
2019-12-31	$S$11.53 M

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Workhorse Group WKHS	S$41.45 M	-46.95%	🇺🇸 USA
Lordstown Motors RIDE	S$78.13 M	0.00%	🇺🇸 USA
Federal Signal FSS	S$1.70 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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