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Local Bounti (Local Bounti) Equity-to-Asset : 0.04 (As of Dec. 2023)


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What is Local Bounti Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Local Bounti's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $15.27 Mil. Local Bounti's Total Assets for the quarter that ended in Dec. 2023 was $381.75 Mil. Therefore, Local Bounti's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.04.

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

LOCL' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.28   Med: 0.24   Max: 0.71
Current: 0.04

During the past 4 years, the highest Equity to Asset Ratio of Local Bounti was 0.71. The lowest was -0.28. And the median was 0.24.

LOCL's Equity-to-Asset is ranked worse than
93.18% of 1921 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs LOCL: 0.04

Local Bounti Equity-to-Asset Historical Data

The historical data trend for Local Bounti's Equity-to-Asset 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 Equity-to-Asset Chart

Local Bounti Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
-0.28 0.71 0.44 0.04

Local Bounti Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.35 0.27 0.21 0.04 -0.02

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

For the Farm Products subindustry, Local Bounti's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Consumer Packaged Goods Industry

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

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



Local Bounti Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=15.273/381.752
=0.04

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

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=15.273/381.752
=0.04

* 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.


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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Local Bounti Equity-to-Asset Related Terms

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


Local Bounti (Local Bounti) Business Description

Traded in Other Exchanges
N/A
Address
400 W. Main Street, Hamilton, MT, USA, 59840
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