Local Bounti Balance Sheet Health
Financial Health criteria checks 1/6
Local Bounti has a total shareholder equity of $-32.8M and total debt of $374.0M, which brings its debt-to-equity ratio to -1139%. Its total assets and total liabilities are $438.1M and $470.9M respectively.
Key information
-1,139.0%
Debt to equity ratio
US$374.03m
Debt
| Interest coverage ratio | n/a |
| Cash | US$9.69m |
| Equity | -US$32.84m |
| Total liabilities | US$470.94m |
| Total assets | US$438.10m |
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 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 sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 53.9% each year