Local Bounti (LOCL) - Net Assets

Net assets on the balance sheet as of June 2024 : -₹2.78 Billion

According to Local Bounti's latest financial reports the company has -₹2.78 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
2022-12-31	$₹10.04 B	32.66%
2021-12-31	$₹7.56 B	-4125.15%
2020-12-31	$-₹0.19 Billion

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