Local Bounti Balance Sheet Health
Financial Health criteria checks 0/6
Local Bounti has a total shareholder equity of $15.3M and total debt of $278.0M, which brings its debt-to-equity ratio to 1820.1%. Its total assets and total liabilities are $381.8M and $366.5M respectively.
Key information
1,820.1%
Debt to equity ratio
US$277.99m
Debt
| Interest coverage ratio | n/a |
| Cash | US$10.33m |
| Equity | US$15.27m |
| Total liabilities | US$366.48m |
| Total assets | US$381.75m |
Recent financial health updates
Recent updates
Analysts Just Made A Major Revision To Their Local Bounti Corporation (NYSE:LOCL) Revenue Forecasts
Apr 01
An Intrinsic Calculation For Local Bounti Corporation (NYSE:LOCL) Suggests It's 37% Undervalued
Mar 31Local Bounti Corporation (NYSE:LOCL) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Nov 13Local Bounti GAAP EPS of -$0.30 misses by $0.03, revenue of $6.29M misses by $0.47M
Nov 10Local Bounti reports mixed Q2 earnings; reaffirms FY22 guidance
Aug 15Local Bounti: Sustainable Farming, Unsustainable Financials
Jun 23Better Than Organic - Local Bounti Co-CEOs Travis Joyner, Craig Hurlbert
May 23Local Bounti Is Bringing Controlled Environment Agriculture To The Stock Market
Dec 27Financial Position Analysis
Short Term Liabilities: LOCL's short term assets ($27.0M) do not cover its short term liabilities ($31.9M).
Long Term Liabilities: LOCL's short term assets ($27.0M) do not cover its long term liabilities ($334.5M).
Debt to Equity History and Analysis
Debt Level: LOCL's net debt to equity ratio (1752.5%) is considered high.
Reducing Debt: Insufficient data to determine if LOCL's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LOCL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LOCL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 64.4% each year