Local Bounti (LOCL) - Net Assets

Net assets on the balance sheet as of June 2024 : -NZ$56.22 Million

According to Local Bounti's latest financial reports the company has -NZ$56.22 Million 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	$NZ$0.19 B	28.37%
2021-12-31	$NZ$0.14 B	-4277.91%
2020-12-31	$-NZ$3.57 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