Largo (TSX:LGO) Debt-to-Equity : 0.56 (As of Dec. 2024)

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What is Largo Debt-to-Equity?

Largo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$106.5 Mil. Largo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$24.9 Mil. Largo's Total Stockholders Equity for the quarter that ended in Dec. 2024 was C$234.8 Mil. Largo's debt to equity for the quarter that ended in Dec. 2024 was 0.56.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Largo's Debt-to-Equity or its related term are showing as below:

TSX:LGO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.31 Max: 10.3
Current: 0.56

During the past 13 years, the highest Debt-to-Equity Ratio of Largo was 10.30. The lowest was 0.07. And the median was 0.31.

TSX:LGO's Debt-to-Equity is ranked worse than
76.74% of 1238 companies
in the Metals & Mining industry
Industry Median: 0.14 vs TSX:LGO: 0.56

Largo Debt-to-Equity Historical Data

The historical data trend for Largo's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Largo Debt-to-Equity Chart

Largo Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.10

0.07

0.16

0.31

0.56

Largo Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.31	0.33	0.43	0.49	0.56

Competitive Comparison of Largo's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Largo's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Largo's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Largo's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Largo's Debt-to-Equity falls into.

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Largo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Largo's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(106.539	+	24.932)	/	234.816
	=	0.56

Largo's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(106.539	+	24.932)	/	234.816
	=	0.56

Largo (TSX:LGO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Largo Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Largo's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Largo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Largo Inc (TSX:LGO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LGO:USA LR8B:Germany LR8:Germany

Address

100 King Street West, Suite 1600, First Canadian Place, Toronto, ON, CAN, M5X 1G5

Website

https://www.largoinc.com

Largo Inc is committed to the production and supply of high-quality vanadium products. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology. The Company is engaged in the mining, exploration, and development of mineral properties, predominantly in Brazil, through which it produces and supplies vanadium products VPURE Flake, VPURE+ Flake, and VPURE+ Powder. The Company has six operating segments: sales & trading wich generates key revenue, mine properties, corporate, exploration and evaluation properties, Largo Clean Energy, and Largo Physical Vanadium.

Executives

Nilson Luciano Helio Chaves	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Koko Yamamoto	Director
Ernest Michael Cleave	Senior Officer
Paul Dalglish	Senior Officer