Local Bounti Corporation

Local Bounti Corporationverified

LOCL

Price:

$2.45

Market Cap:

$21.18M

Local Bounti Corporation grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.[Read more]

Industry

Agricultural Farm Products

IPO Date

2021-04-19

Stock Exchange

NYSE

Ticker

LOCL

The Current Ratio as of November 2024 (TTM) for Local Bounti Corporation (LOCL) is 0.62

According to Local Bounti Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.62. This represents a change of -27.17% compared to the average of 0.85 of the last 4 quarters.

Local Bounti Corporation (LOCL) Historical Current Ratio (quarterly & annually)

How has LOCL Current Ratio performed in the past?

The mean historical Current Ratio of Local Bounti Corporation over the last ten years is 2.20. The current 0.62 Current Ratio has changed 2.69% with respect to the historical average. Over the past ten years (40 quarters), LOCL's Current Ratio was at its highest in in the March 2021 quarter at 14.10. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

2.20

Median

1.47

Minimum

0.27

Maximum

5.87

Local Bounti Corporation (LOCL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Local Bounti Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 2.10%

Maximum Annual Current Ratio = 5.87

Minimum Annual Increase = -89.59%

Minimum Annual Current Ratio = 0.27

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.84-42.36%
20221.47-75.04%
20215.872.10%
20200.27-89.59%

Local Bounti Corporation (LOCL) Average Current Ratio

How has LOCL Current Ratio performed in the past?

The current Current Ratio of Local Bounti Corporation (LOCL) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.73

5-year avg

2.20

10-year avg

2.20

Local Bounti Corporation (LOCL) Current Ratio vs. Peers

How is LOCL’s Current Ratio compared to its peers?

Local Bounti Corporation’s Current Ratio is less than Fresh Del Monte Produce Inc. (0), less than Alico, Inc. (2.09), less than S&W Seed Company (2.67), less than Adecoagro S.A. (0.92), less than BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (2.42), less than AgriFORCE Growing Systems Ltd. (2.09), less than Kalera Public Limited Company (1.24), less than Forafric Global PLC (1.43), greater than AquaBounty Technologies, Inc. (0.48), less than null (1.96),

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