Local Bounti Balance Sheet Health
Financial Health criteria checks 0/6
Local Bounti has a total shareholder equity of $-65.6M and total debt of $398.4M, which brings its debt-to-equity ratio to -607.2%. Its total assets and total liabilities are $430.8M and $496.4M respectively.
Key information
-607.2%
Debt to equity ratio
US$398.41m
Debt
| Interest coverage ratio | n/a |
| Cash | US$317.00k |
| Equity | -US$65.61m |
| Total liabilities | US$496.43m |
| Total assets | US$430.81m |
Recent financial health updates
Recent updates
Local Bounti Corporation (NYSE:LOCL) Might Not Be As Mispriced As It Looks After Plunging 30%
Nov 20
Local Bounti Corporation (NYSE:LOCL) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Nov 17Analysts Just Made A Major Revision To Their Local Bounti Corporation (NYSE:LOCL) Revenue Forecasts
Apr 01An 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 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: LOCL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: LOCL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: LOCL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 47.9% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 16:11 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Local Bounti Corporation is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Barnes | Deutsche Bank |
| Benjamin Klieve | Lake Street Capital Markets, LLC |
| Pamela Kaufman | Morgan Stanley |