Sigma Lithium Balance Sheet Health
Financial Health criteria checks 2/6
Sigma Lithium has a total shareholder equity of $82.3M and total debt of $144.8M, which brings its debt-to-equity ratio to 176%. Its total assets and total liabilities are $477.9M and $395.6M respectively. Sigma Lithium's EBIT is $27.0M making its interest coverage ratio 1.4. It has cash and short-term investments of $16.7M.
Key information
176.01%
Debt to equity ratio
US$144.84m
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$16.66m |
| Equity | US$82.30m |
| Total liabilities | US$395.61m |
| Total assets | US$477.91m |
Recent financial health updates
Analysis Article • Nov 03
Would Sigma Lithium (NASDAQ:SGML) Be Better Off With Less Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • May 20
Does Sigma Lithium (NASDAQ:SGML) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Jan 24
We Think Sigma Lithium (NASDAQ:SGML) Has A Fair Chunk Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Sep 30
Sigma Lithium (NASDAQ:SGML) Takes On Some Risk With Its Use Of Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Recent updates
Seeking Alpha • May 05
Why Sigma Lithium Remains The One Stock I'm Most Confident In
Summary Sigma Lithium remains a Strong Buy as lithium fundamentals strengthen and the company transitions to cash-positive operations. SGML’s volatility is driven by mine ramp-up challenges and skepticism, yet fundamentals are improving with spodumene prices at $2,080/t (+64% YTD). Demand for lithium is robust, fueled by EV and BESS growth, while supply response lags, supporting sustainable high prices well above SGML’s cash costs. Despite weak 2025 financials, SGML’s low-cost position and operational progress position it for significant re-rating if execution continues. Read the full article on Seeking Alpha
Narrative Update • Feb 26
SGML: Mining Restart And Liquidity Concerns Will Shape Future Repricing Balance
Analysts have trimmed their average price target on Sigma Lithium by about $0.58 to roughly $17.17, reflecting updated assumptions around discount rates, revenue growth, margins, and a lower future P/E as recent research incorporates the impact of the mining restart and prior operational and liquidity concerns. Analyst Commentary Recent research on Sigma Lithium has shifted meaningfully around the time of the mining restart, with analysts updating their views on both upside potential and execution risks.Narrative Update • Feb 12
SGML: Mining Restart And Stronger Margins Will Drive Future Repricing
Analysts have lifted their price target on Sigma Lithium to $17.75 from $15.40, citing recent upgrades linked to the restart of mining operations and a modestly stronger long term margin and P/E profile in their models. Analyst Commentary Recent research shows a mix of optimism and caution around Sigma Lithium, with views shifting as mining operations pause and restart and as assumptions around margins, liquidity and valuation get adjusted.Narrative Update • Jan 27
SGML: Higher Lithium Pricing And Fines Sales Will Drive Future Repricing
Analysts have raised their implied fair value estimate for Sigma Lithium from about $14.00 to approximately $15.40, reflecting updated views on revenue growth, profitability and future P/E multiples following a series of recent rating and price target changes related to operational and liquidity concerns, as well as evolving lithium price expectations. Analyst Commentary Recent research on Sigma Lithium reflects a split view, with some bullish analysts focusing on upside tied to higher implied cash flows and others highlighting unresolved operational and liquidity questions.Analysis Article • Jan 25
New Forecasts: Here's What Analysts Think The Future Holds For Sigma Lithium Corporation (NASDAQ:SGML)
Sigma Lithium Corporation ( NASDAQ:SGML ) shareholders will have a reason to smile today, with the analysts making...Narrative Update • Jan 13
SGML: Operational And Liquidity Setbacks Will Outweigh Benefits From Higher Lithium Prices
Analysts have nudged their fair value estimate for Sigma Lithium from $13 to $14, reflecting updated assumptions around profit margins and liquidity risks, while still flagging unresolved operational issues and uncertainty over the timing of mining resumption and prepayment cash receipts. Analyst Commentary Bullish Takeaways Bullish analysts point to higher lithium prices supporting stronger Q4 and FY26 EBITDA estimates, which feeds into a higher fair value framework even with existing risks.Narrative Update • Dec 24
SGML: Liquidity Risks Will Temper Benefits From Higher Lithium Pricing
Analysts have nudged their price target on Sigma Lithium higher to approximately $13.00 from about $10.50, citing stronger long term lithium pricing that modestly boosts revenue growth expectations, even as slightly lower margin forecasts and higher forward valuation multiples temper the upside. Analyst Commentary Recent updates from covering analysts reflect a more nuanced stance on Sigma Lithium, balancing improving fundamentals against ongoing macro and capital structure risks.Analysis Article • Dec 23
Market Participants Recognise Sigma Lithium Corporation's (NASDAQ:SGML) Revenues Pushing Shares 37% Higher
Despite an already strong run, Sigma Lithium Corporation ( NASDAQ:SGML ) shares have been powering on, with a gain of...Narrative Update • Dec 10
SGML: Liquidity Concerns Will Overshadow Benefits From Upcoming Cost Reductions
Analysts have raised their price target on Sigma Lithium to $11 from $10, citing higher forecast EBITDA supported by improving lithium prices, even as they factor in elevated liquidity risk and the potential need for an equity raise. Analyst Commentary Recent Street research on Sigma Lithium reflects a mixed but increasingly constructive stance, with price targets adjusted to reflect evolving expectations for lithium pricing, earnings power, and balance sheet risk.Narrative Update • Nov 26
SGML: Upgraded Mining Operations Will Reduce Costs And Support Margin Expansion
The analyst price target for Sigma Lithium has been raised from $8.50 to $10.50 per share. Analysts cite improved profit margin expectations and higher EBITDA forecasts, despite ongoing liquidity concerns.Narrative Update • Nov 12
SGML: Upgraded Operations Will Drive Efficiency Gains And Improved Profit Margins
The analyst price target for Sigma Lithium has been reduced from $12 to $10 per share. Analysts cite a weaker macroeconomic environment and inconsistent end-market performance as key factors behind the downward revision.Analysis Article • Nov 03
Would Sigma Lithium (NASDAQ:SGML) Be Better Off With Less Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Oct 29
Modernized Operations And Cost Reductions Will Drive Future Lithium Demand Recovery
Analysts have revised their price target for Sigma Lithium downward from $11.00 to $9.50 per share, citing ongoing weakness in macroeconomic conditions as well as mixed trends across industrial and commodity markets. Analyst Commentary Recent analyst revisions reflect mixed sentiment regarding Sigma Lithium’s outlook, as the macroeconomic and industry-specific backdrop remains turbulent.Narrative Update • Oct 14
Rapid EV Adoption And Decarbonization Will Spark Lithium Expansion
Analysts have lowered their price target for Sigma Lithium from $12 to $10, citing a more negative macro environment and inconsistent performance across key markets. Analyst Commentary Recent research notes on Sigma Lithium reflect a mix of optimism and caution among analysts as the company heads into the third quarter.Analysis Article • Oct 10
Sigma Lithium Corporation (NASDAQ:SGML) Stocks Shoot Up 28% But Its P/S Still Looks Reasonable
The Sigma Lithium Corporation ( NASDAQ:SGML ) share price has done very well over the last month, posting an excellent...Narrative Update • Aug 27
Spodumene Reserves And Greentech Efficiency Will Secure Sustainability
A sharp decline in Sigma Lithium’s net profit margin, alongside a substantially higher future P/E ratio indicating reduced earnings expectations relative to price, has led to a significant reduction in the consensus analyst price target from $17.23 to $12.00. What's in the News Special/Extraordinary Shareholders Meeting scheduled for October 14, 2025.Analysis Article • Jul 23
Is There An Opportunity With Sigma Lithium Corporation's (NASDAQ:SGML) 49% Undervaluation?
Key Insights Sigma Lithium's estimated fair value is US$13.99 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Jun 12
Sigma Lithium Corporation (NASDAQ:SGML) Shares Slammed 26% But Getting In Cheap Might Be Difficult Regardless
To the annoyance of some shareholders, Sigma Lithium Corporation ( NASDAQ:SGML ) shares are down a considerable 26% in...Analysis Article • Jun 10
There's Been No Shortage Of Growth Recently For Sigma Lithium's (NASDAQ:SGML) Returns On Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • May 20
Does Sigma Lithium (NASDAQ:SGML) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Apr 13
Sigma Lithium Corporation's (NASDAQ:SGML) 29% Cheaper Price Remains In Tune With Revenues
Sigma Lithium Corporation ( NASDAQ:SGML ) shareholders that were waiting for something to happen have been dealt a blow...Analysis Article • Feb 26
Sigma Lithium Corporation's (NASDAQ:SGML) Share Price Matching Investor Opinion
When close to half the companies in the Metals and Mining industry in the United States have price-to-sales ratios (or...Analysis Article • Jan 24
We Think Sigma Lithium (NASDAQ:SGML) Has A Fair Chunk Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Narrative • Nov 21
Tactical Transformations Set To Propel Growth In Sustainable Metals And Mining
Strategic shift to a trader distributor model enhances revenue stability by capturing favorable pricing and managing market seasonality.Analysis Article • Nov 11
Investors Will Want Sigma Lithium's (NASDAQ:SGML) Growth In ROCE To Persist
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Sep 30
Sigma Lithium (NASDAQ:SGML) Takes On Some Risk With Its Use Of Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Seeking Alpha • Aug 18
Sigma Lithium: Things Are Slowly Improving
Summary Sigma Lithium Corporation reported earnings below expectations, with a loss of 9 cents per share and revenues of $45 million. It showed operational improvements and better pricing power. The stock gave back most of its gains from 2022 and 2023, but now might be at more "investable" levels from last year's bubble levels. It's still a speculative bet at this point, and we will see if the company can scale fast enough to achieve profitability. Demand is definitely there for its lithium, though. Read the full article on Seeking AlphaFinancial Position Analysis
Short Term Liabilities: SGML's short term assets ($91.7M) do not cover its short term liabilities ($267.4M).
Long Term Liabilities: SGML's short term assets ($91.7M) do not cover its long term liabilities ($128.2M).
Debt to Equity History and Analysis
Debt Level: SGML's net debt to equity ratio (155.8%) is considered high.
Reducing Debt: SGML's debt to equity ratio has increased from 2.7% to 176% 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: Whilst unprofitable SGML has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SGML is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/13 02:00 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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 |
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| 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.
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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
Sigma Lithium Corporation is covered by 7 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 |
|---|---|
| MacMurray Whale | ATB Cormark |
| Joel Jackson | BMO Capital Markets Equity Research |
| Rock Hoffman Blasko | BofA Global Research |