Largo (LGO) Balance Sheet: Assets & Liabilities

Largo (LGO) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Largo reported total assets of $318.75M and total liabilities of $182.22M. Shareholders' equity was $130.35M, down 20.9% from $164.82M a year earlier. Total debt stood at $106.87M against $9.72M in cash and short-term investments, a net debt position of $97.16M. That puts debt-to-equity at 0.82, compared with 0.11 a year earlier.

Largo Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Largo Inc. (LGO) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	9.72	22.11	42.71	54.47	83.79	79.15	127.14	151.38	43.52
Cash & Short-Term Investments	9.72	22.11	42.71	54.47	83.79	79.15	127.14	151.38	43.52
Accounts Receivable	3.41	5.47	25.60	20.98	22.14	19.10	6.15	45.93	7.12
Inventory	49.51	47.54	61.57	64.22	45.32	35.34	21.18	10.55	13.76
Other Current Assets	7.76	13.90	6.53	14.48	7.18	3.72	1.69	2.47	24.71
Total Current Assets	78.05	93.29	137.12	154.14	159.98	137.30	156.16	210.34	89.10
Non-Current Assets
Property, Plant & Equipment (Net)	191.87	170.76	230.85	175.24	146.66	148.97	190.12	181.68	224.43
Long-Term Investments	4.64	0.00	0.00	0.00	190.42	195.10	0.00	0.00	0.00
Intangible Assets	1.41	2.26	6.15	7.26	3.93	4.37	0.00	0.00	0.00
Other Non-Current Assets	37.77	30.30	7.50	14.51	-190.42	-195.10	0.00	0.00	0.00
Total Non-Current Assets	240.71	225.38	244.50	201.61	153.93	160.51	200.67	195.54	224.43
Total Assets	318.76	318.67	381.62	355.75	313.91	297.81	356.83	405.88	295.28
Current Liabilities
Accounts Payable	17.67	21.66	31.44	36.09	14.05	12.29	75.05	17.70	20.93
Short-Term Debt	106.87	0.00	0.60	4.62	15.00	24.79	0.00	117.35	73.15
Current Portion of Long-Term Debt	-	57.50	-	-	-	-	-	-	-
Accrued Liabilities	21.11	8.80	0.40	6.06	3.14	3.75	-	-	-
Deferred Revenue	3.54	3.89	3.55	1.71	5.47	3.22	0.00	3.85	0.43
Other Current Liabilities	22.11	0.96	6.86	-3.10	4.05	3.75	2.69	8.49	27.23
Total Current Liabilities	153.93	114.26	42.46	39.33	41.67	44.35	78.07	151.23	122.18
Non-Current Liabilities
Long-Term Debt	0.00	17.50	75.00	37.81	1.99	0.00	0.00	0.00	133.48
Deferred Tax Liabilities	0.00	0.00	0.00	17.57	17.48	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	5.77	2.04	7.44	4.79	4.56	6.30	9.53	8.87	6.93
Total Non-Current Liabilities	28.29	33.18	83.37	42.22	6.54	6.30	9.53	6.51	138.99
Total Liabilities	182.22	147.44	125.82	81.20	48.21	50.64	85.40	117.54	236.15
Stockholders' Equity
Common Stock	423.28	412.99	412.30	411.65	415.98	406.21	335.26	415.26	400.68
Retained Earnings	-187.33	-126.50	-77.64	-48.23	-49.33	-71.90	-49.05	-53.12	-275.49
Accumulated Other Comprehensive Income	-123.44	-133.53	-98.20	-112.17	-118.77	-108.44	-29.66	-13.88	-7.93
Additional Paid-in Capital	17.84	11.85	12.20	14.14	17.81	21.29	14.89	100.22	-196.26
Minority Interest	6.18	6.41	7.15	9.16	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	83.67	64.11	64.05	64.00	64.73	-	-	-	-
Total Stockholders' Equity	130.36	164.82	255.80	265.39	265.70	247.16	271.43	392.73	74.36
Total Liabilities & Equity	318.76	318.67	381.62	355.75	313.91	297.81	356.83	405.88	295.28

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Largo Balance Sheet

How much debt does Largo have?

Largo had total debt of $106.87M as of Dec 31, 2025, against $9.72M in cash and short-term investments. Its debt-to-equity ratio was 0.82. Total debt was $17.50M a year earlier.

What are Largo's total assets?

Largo reported total assets of $318.75M as of Dec 31, 2025, flat from $318.67M a year earlier. Total liabilities were $182.22M.

What is Largo's shareholders' equity?

Largo's shareholders' equity was $130.35M as of Dec 31, 2025, or about $1.56 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition