Largo Balance Sheet Health
Financial Health criteria checks 2/6
Largo has a total shareholder equity of $136.3M and total debt of $106.0M, which brings its debt-to-equity ratio to 77.8%. Its total assets and total liabilities are $322.3M and $186.0M respectively.
Key information
77.78%
Debt to equity ratio
US$106.01m
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.85m |
| Equity | US$136.29m |
| Total liabilities | US$186.02m |
| Total assets | US$322.31m |
Recent financial health updates
Is Largo (TSE:LGO) Weighed On By Its Debt Load?
Apr 02
Here's Why Largo (TSE:LGO) Can Afford Some Debt
May 07Largo (TSE:LGO) Is Carrying A Fair Bit Of Debt
Aug 11Here's Why Largo (TSE:LGO) Has A Meaningful Debt Burden
Apr 27Largo (TSE:LGO) Has A Somewhat Strained Balance Sheet
Jan 07We Think Largo (TSE:LGO) Can Stay On Top Of Its Debt
Jul 31Recent updates
Largo Inc. (TSE:LGO) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough
Nov 01Largo Inc. (TSE:LGO) Shares Fly 30% But Investors Aren't Buying For Growth
Sep 16Largo Inc. (TSE:LGO) Shares Fly 42% But Investors Aren't Buying For Growth
Jul 19Is Largo (TSE:LGO) Weighed On By Its Debt Load?
Apr 02Largo Inc.'s (TSE:LGO) Revenues Are Not Doing Enough For Some Investors
Mar 18Largo Inc.'s (TSE:LGO) Price Is Right But Growth Is Lacking After Shares Rocket 33%
Oct 29Largo Inc. (TSE:LGO) Looks Inexpensive But Perhaps Not Attractive Enough
Sep 10Time To Worry? Analysts Just Downgraded Their Largo Inc. (TSE:LGO) Outlook
Aug 14Largo Inc.'s (TSE:LGO) Share Price Boosted 25% But Its Business Prospects Need A Lift Too
May 23Here's Why Largo (TSE:LGO) Can Afford Some Debt
May 07Investors Aren't Buying Largo Inc.'s (TSE:LGO) Revenues
Mar 26Largo (TSE:LGO) Is Carrying A Fair Bit Of Debt
Aug 11Capital Allocation Trends At Largo (TSE:LGO) Aren't Ideal
May 18Here's Why Largo (TSE:LGO) Has A Meaningful Debt Burden
Apr 27Largo (TSE:LGO) Has A Somewhat Strained Balance Sheet
Jan 07Investors Will Want Largo's (TSE:LGO) Growth In ROCE To Persist
Oct 13We Think Largo (TSE:LGO) Can Stay On Top Of Its Debt
Jul 31The Return Trends At Largo (TSE:LGO) Look Promising
Jun 14Financial Position Analysis
Short Term Liabilities: LGO's short term assets ($77.7M) do not cover its short term liabilities ($156.7M).
Long Term Liabilities: LGO's short term assets ($77.7M) exceed its long term liabilities ($29.4M).
Debt to Equity History and Analysis
Debt Level: LGO's net debt to equity ratio (72%) is considered high.
Reducing Debt: LGO's debt to equity ratio has increased from 11.1% to 77.8% 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: LGO has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if LGO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/28 09:20 |
| End of Day Share Price | 2025/11/28 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
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 Github.
Analyst Sources
Largo Inc. is covered by 4 analysts. 1 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 |
|---|---|
| Bryce Adams | CIBC Capital Markets |
| Philip Williams | Clarus Securities Inc. |
| Heiko Ihle | H.C. Wainwright & Co. |