Largo Balance Sheet Health
Financial Health criteria checks 5/6
Largo has a total shareholder equity of $255.8M and total debt of $75.0M, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are $381.6M and $125.8M respectively.
Key information
29.3%
Debt to equity ratio
US$75.00m
Debt
Interest coverage ratio | n/a |
Cash | US$42.71m |
Equity | US$255.80m |
Total liabilities | US$125.82m |
Total assets | US$381.62m |
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 ($137.1M) exceed its short term liabilities ($42.5M).
Long Term Liabilities: LGO's short term assets ($137.1M) exceed its long term liabilities ($83.4M).
Debt to Equity History and Analysis
Debt Level: LGO's net debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: LGO's debt to equity ratio has reduced from 29.9% to 29.3% over the past 5 years.
Debt Coverage: LGO's debt is well covered by operating cash flow (28.3%).
Interest Coverage: Insufficient data to determine if LGO's interest payments on its debt are well covered by EBIT.