Local Bounti (Local Bounti) Debt-to-Equity : 18.22 (As of Dec. 2023)

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What is Local Bounti Debt-to-Equity?

Local Bounti's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.10 Mil. Local Bounti's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $278.10 Mil. Local Bounti's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $15.27 Mil. Local Bounti's debt to equity for the quarter that ended in Dec. 2023 was 18.21.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Local Bounti's Debt-to-Equity or its related term are showing as below:

LOCL' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.06 Med: 0.55 Max: 18.22
Current: 18.22

During the past 4 years, the highest Debt-to-Equity Ratio of Local Bounti was 18.22. The lowest was -0.06. And the median was 0.55.

LOCL's Debt-to-Equity is ranked worse than
99.33% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs LOCL: 18.22

Local Bounti Debt-to-Equity Historical Data

The historical data trend for Local Bounti's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Local Bounti Debt-to-Equity Chart

Local Bounti Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.06

0.11

0.99

18.22

Local Bounti Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.99	1.18	1.83	2.79	18.22

Competitive Comparison of Local Bounti's Debt-to-Equity

For the Farm Products subindustry, Local Bounti's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Local Bounti's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Local Bounti's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Local Bounti's Debt-to-Equity falls into.

Local Bounti Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Local Bounti's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.097	+	278.099)	/	15.273
	=	18.21

Local Bounti's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.097	+	278.099)	/	15.273
	=	18.21

Local Bounti (NYSE:LOCL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Local Bounti Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Local Bounti's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Local Bounti (Local Bounti) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Local Bounti Corp (NYSE:LOCL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 W. Main Street, Hamilton, MT, USA, 59840

Website

https://www.localbounti.com

Local Bounti Corp is a controlled environment agriculture company. Its business model is based on building local facilities, operated by local teams, to deliver fresh and quality produce to local communities while maintaining a limited carbon footprint. Using proprietary technology to grow leafy greens and herbs in smart greenhouses with a cultivation process that uses less water and land than conventional agriculture, free from herbicides or pesticides, it delivers products that have a longer shelf life, and are good in taste.

Executives

Kathleen Valiasek	officer: Chief Financial Officer	AMYRIS, INC., 5850 HOLLIS STREET SUITE 100, EMERYVILLE CA 94608
B. David Vosburg	officer: Chief Innovation Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Travis M. Joyner	director, officer: Co-Chief Executive Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Anna M. Fabrega	officer: Chief Executive Officer	C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Edward C Forst	director	85 BROAD STREET, NEW YORK NY 10004
Matthew Nordby	director	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Craig M. Hurlbert	director, officer: Co-Chief Executive Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Mark Joseph Nelson	director	LOCAL BOUNTI CORPORATION, 220 W MAIN STREET, HAMILTON MT 59840
Jennifer Carr-smith	director	28 LIBERTY STREET, NEW YORK NY 10005
Brian C. Cook	officer: President	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Margaret Mccandless	officer: General Counsel & Secretary	C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Charles R. Schwab	10 percent owner	PO BOX 2226, PALM BEACH FL 33480
Mark Alan Mckinney	officer: Chief Operating Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Gary Hilberg	officer: Chief Sustainability Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Pamela Brewster	director	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840