Largo Balance Sheet Health
Financial Health criteria checks 3/6
Largo has a total shareholder equity of $199.9M and total debt of $93.7M, which brings its debt-to-equity ratio to 46.9%. Its total assets and total liabilities are $343.7M and $143.8M respectively.
Key information
46.9%
Debt to equity ratio
US$93.70m
Debt
| Interest coverage ratio | n/a |
| Cash | US$30.45m |
| Equity | US$199.87m |
| Total liabilities | US$143.83m |
| Total assets | US$343.70m |
Recent financial health updates
No updates
Recent updates
Largo: Good Q2 Results And Vanadium Prices Might Recover Soon
Sep 20Largo Resources GAAP EPS of $0.28, revenue of $84.8M; updates FY22 production guidance
Aug 11Largo: Financial Performance Over The Remainder Of 2022 Should Improve
Jun 21Largo - Vanadium Flow Batteries
Mar 29Largo - The New Life Of Mine Plan For Maracas Menchen Is A Game-Changer
Jan 11Largo Resources Is Pivoting To The Energy Storage Sector And I'm No Longer Bearish
Oct 13Largo Resources CEO Paulo Misk - Renewable Energy Storage Boom (Video)
Jun 17Financial Position Analysis
Short Term Liabilities: LGO's short term assets ($116.7M) exceed its short term liabilities ($70.0M).
Long Term Liabilities: LGO's short term assets ($116.7M) exceed its long term liabilities ($73.9M).
Debt to Equity History and Analysis
Debt Level: LGO's net debt to equity ratio (31.6%) is considered satisfactory.
Reducing Debt: LGO's debt to equity ratio has increased from 0% to 46.9% 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 less than a year of cash runway based on its current free cash flow.
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.