Local Bounti (LOCL) - Net Assets

Net assets on the balance sheet as of September 2024 : -A$0.11 Billion

According to Local Bounti's latest financial reports the company has -A$0.11 Billion 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
2023-12-31	$A$22.41 M	-87.43%
2022-12-31	$A$0.17 B	27.12%
2021-12-31	$A$0.14 B	-4294.75%
2020-12-31	$-A$3.35 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