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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/06 17:26 |
| End of Day Share Price | 2025/01/06 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Largo Inc. is covered by 11 analysts. 3 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 |
|---|---|
| Arun Thomas | Byron Capital Markets |
| Jonathan Hykawy | Byron Capital Markets |
| Bryce Adams | CIBC Capital Markets |