Local Bounti Corp (LOCL) — Tangible Net Worth Ratio
Local Bounti Corp (LOCL) has a Tangible Net Worth Ratio of -170.8% as of December 2023. This metric is calculated by deducting intangible assets ($41.35 Million) from net assets ($15.27 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Local Bounti Corp shareholders equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Local Bounti Corp Tangible Net Worth Ratio (2019–2023)
This chart shows how Local Bounti Corp's Tangible Net Worth Ratio has changed across 4 annual periods from 2019 to 2023. As of December 2023, the ratio stands at -170.8%, reflecting net assets of $15.27 Million with intangible assets of $41.35 Million USD. Also explore LOCL year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Local Bounti Corp (2019–2023)
The table below presents the year-by-year Tangible Net Worth Ratio for Local Bounti Corp from 2019 to 2023, covering 4 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see how much is Local Bounti Corp worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2023 | -170.8% | $15.27 Million | $41.35 Million | $381.75 Million | ▼ -231.8 pp |
| 2022 | 61.0% | $121.33 Million | $47.27 Million | $278.74 Million | ▼ -39.0 pp |
| 2021 | 100.0% | $101.68 Million | $0.00 | $143.93 Million | ▲ +0.0 pp |
| 2019 | 100.0% | $2.55 Million | $0.00 | $5.89 Million | — |