Largo Historical Balance Sheet

LGO Stock

USD 1.80 0.02 1.12%

Trend analysis of Largo Resources balance sheet accounts such as Total Stockholder Equity of 298.7 M provides information on Largo Resources' total assets, liabilities, and equity, which is the actual value of Largo Resources to its prevalent stockholders. By breaking down trends over time using Largo Resources balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Housing Crash

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Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Largo Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Largo Resources is a good buy for the upcoming year.

Largo Resources Inventory

74.34 Million

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.

About Largo Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Largo Resources at a specified time, usually calculated after every quarter, six months, or one year. Largo Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Largo Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Largo currently owns. An asset can also be divided into two categories, current and non-current.

Largo Resources Balance Sheet Chart

At this time, Largo Resources' Liabilities And Stockholders Equity is very stable compared to the past year. As of the 30th of January 2025, Total Current Assets is likely to grow to about 165.6 M, while Total Current Liabilities is likely to drop about 38.1 M.

Other Current Liab Total Current Liabilities Accounts Payable Accumulated Other Comprehensive Income

Total Current Liabilities

Total Current Liabilities is an item on Largo Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Largo Resources are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Accounts Payable

An accounting item on the balance sheet that represents Largo Resources obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Largo Resources are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Accumulated Other Comprehensive Income

Gains and losses not included in net income that are recorded in shareholders' equity, reflecting changes in the value of assets or liabilities that are not realized.

Most accounts from Largo Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Largo Resources current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.At this time, Largo Resources' Liabilities And Stockholders Equity is very stable compared to the past year. As of the 30th of January 2025, Total Current Assets is likely to grow to about 165.6 M, while Total Current Liabilities is likely to drop about 38.1 M.

	2022	2023	2024	2025 (projected)
Other Current Liabilities	6.1M	7.0M	6.3M	9.1M
Total Assets	355.8M	396.4M	455.9M	478.6M

Other Current Liab Total Assets

Largo Resources balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Non Current Assets Total	Inventory	Other Current Assets	Non Current Liabilities Total	Non Currrent Assets Other	Short Long Term Debt Total	Short Term Debt	Current Deferred Revenue	Common Stock	Other Liab	Net Tangible Assets
Total Assets		-0.29	0.28	0.78	-0.08	0.01	0.56	0.46	0.46	0.68	0.73	-0.33	0.29	0.67	0.58	0.81	0.64	-0.25	0.23	0.12	0.25	0.15	0.61	0.6	-0.35	0.65
Other Current Liab	-0.29		0.38	-0.4	0.18	-0.15	-0.28	-0.35	-0.35	-0.36	-0.4	0.88	0.16	-0.24	-0.12	-0.19	-0.31	0.67	0.01	0.15	0.0	-0.06	-0.4	-0.38	0.17	-0.42
Total Current Liabilities	0.28	0.38		-0.03	0.07	-0.42	0.25	0.45	0.45	0.28	0.21	0.3	0.54	0.23	0.32	0.2	-0.19	-0.13	0.15	0.07	0.39	0.79	0.04	0.02	0.45	0.18
Total Stockholder Equity	0.78	-0.4	-0.03		-0.63	0.54	0.53	0.68	0.68	0.68	0.73	-0.27	-0.35	0.89	0.1	0.35	0.7	-0.08	-0.38	-0.17	-0.38	-0.11	0.82	0.69	-0.4	0.86
Net Debt	-0.08	0.18	0.07	-0.63		-0.71	-0.39	-0.72	-0.72	-0.36	-0.43	0.0	0.81	-0.73	0.58	0.47	-0.34	-0.08	0.92	0.37	0.88	0.16	-0.65	-0.44	0.1	-0.7
Retained Earnings	0.01	-0.15	-0.42	0.54	-0.71		0.02	0.3	0.3	0.13	0.0	0.1	-0.79	0.39	-0.41	-0.3	0.18	0.28	-0.73	-0.09	-0.78	-0.39	0.35	0.08	-0.1	0.42
Accounts Payable	0.56	-0.28	0.25	0.53	-0.39	0.02		0.54	0.54	0.31	0.61	-0.38	0.02	0.55	0.14	0.32	0.51	-0.35	-0.08	0.2	-0.1	-0.03	0.52	0.52	-0.21	0.57
Cash	0.46	-0.35	0.45	0.68	-0.72	0.3	0.54		1.0	0.64	0.65	-0.19	-0.25	0.81	-0.03	-0.03	0.27	-0.34	-0.51	-0.32	-0.32	0.46	0.7	0.53	0.13	0.83
Cash And Short Term Investments	0.46	-0.35	0.45	0.68	-0.72	0.3	0.54	1.0		0.64	0.65	-0.19	-0.25	0.81	-0.03	-0.03	0.27	-0.34	-0.51	-0.32	-0.32	0.46	0.7	0.53	0.13	0.83
Net Receivables	0.68	-0.36	0.28	0.68	-0.36	0.13	0.31	0.64	0.64		0.86	-0.41	-0.04	0.82	0.02	0.26	0.66	-0.37	-0.17	-0.1	-0.06	0.29	0.79	0.7	-0.27	0.87
Common Stock Shares Outstanding	0.73	-0.4	0.21	0.73	-0.43	0.0	0.61	0.65	0.65	0.86		-0.49	-0.06	0.86	0.04	0.3	0.84	-0.43	-0.15	-0.2	-0.12	0.08	0.85	0.91	-0.51	0.86
Other Stockholder Equity	-0.33	0.88	0.3	-0.27	0.0	0.1	-0.38	-0.19	-0.19	-0.41	-0.49		-0.04	-0.19	-0.13	-0.29	-0.47	0.78	-0.2	-0.05	-0.16	0.01	-0.4	-0.45	0.32	-0.39
Total Liab	0.29	0.16	0.54	-0.35	0.81	-0.79	0.02	-0.25	-0.25	-0.04	-0.06	-0.04		-0.35	0.8	0.66	-0.19	-0.26	0.91	0.36	0.94	0.48	-0.35	-0.13	0.15	-0.32
Total Current Assets	0.67	-0.24	0.23	0.89	-0.73	0.39	0.55	0.81	0.81	0.82	0.86	-0.19	-0.35		-0.12	0.11	0.69	-0.1	-0.5	-0.2	-0.44	0.06	0.88	0.76	-0.32	0.95
Property Plant And Equipment Net	0.58	-0.12	0.32	0.1	0.58	-0.41	0.14	-0.03	-0.03	0.02	0.04	-0.13	0.8	-0.12		0.87	-0.04	-0.25	0.78	0.2	0.77	0.35	-0.12	0.02	0.02	-0.09
Non Current Assets Total	0.81	-0.19	0.2	0.35	0.47	-0.3	0.32	-0.03	-0.03	0.26	0.3	-0.29	0.66	0.11	0.87		0.32	-0.26	0.7	0.32	0.67	0.15	0.14	0.2	-0.22	0.13
Inventory	0.64	-0.31	-0.19	0.7	-0.34	0.18	0.51	0.27	0.27	0.66	0.84	-0.47	-0.19	0.69	-0.04	0.32		-0.24	-0.11	-0.05	-0.24	-0.4	0.75	0.88	-0.84	0.7
Other Current Assets	-0.25	0.67	-0.13	-0.08	-0.08	0.28	-0.35	-0.34	-0.34	-0.37	-0.43	0.78	-0.26	-0.1	-0.25	-0.26	-0.24		-0.25	0.15	-0.34	-0.39	-0.32	-0.37	0.06	-0.32
Non Current Liabilities Total	0.23	0.01	0.15	-0.38	0.92	-0.73	-0.08	-0.51	-0.51	-0.17	-0.15	-0.2	0.91	-0.5	0.78	0.7	-0.11	-0.25		0.4	0.92	0.17	-0.41	-0.16	-0.05	-0.45
Non Currrent Assets Other	0.12	0.15	0.07	-0.17	0.37	-0.09	0.2	-0.32	-0.32	-0.1	-0.2	-0.05	0.36	-0.2	0.2	0.32	-0.05	0.15	0.4		0.33	-0.08	-0.38	-0.31	0.13	-0.17
Short Long Term Debt Total	0.25	0.0	0.39	-0.38	0.88	-0.78	-0.1	-0.32	-0.32	-0.06	-0.12	-0.16	0.94	-0.44	0.77	0.67	-0.24	-0.34	0.92	0.33		0.5	-0.4	-0.25	0.22	-0.39
Short Term Debt	0.15	-0.06	0.79	-0.11	0.16	-0.39	-0.03	0.46	0.46	0.29	0.08	0.01	0.48	0.06	0.35	0.15	-0.4	-0.39	0.17	-0.08	0.5		-0.05	-0.14	0.66	0.11
Current Deferred Revenue	0.61	-0.4	0.04	0.82	-0.65	0.35	0.52	0.7	0.7	0.79	0.85	-0.4	-0.35	0.88	-0.12	0.14	0.75	-0.32	-0.41	-0.38	-0.4	-0.05		0.8	-0.48	0.9
Common Stock	0.6	-0.38	0.02	0.69	-0.44	0.08	0.52	0.53	0.53	0.7	0.91	-0.45	-0.13	0.76	0.02	0.2	0.88	-0.37	-0.16	-0.31	-0.25	-0.14	0.8		-0.71	0.76
Other Liab	-0.35	0.17	0.45	-0.4	0.1	-0.1	-0.21	0.13	0.13	-0.27	-0.51	0.32	0.15	-0.32	0.02	-0.22	-0.84	0.06	-0.05	0.13	0.22	0.66	-0.48	-0.71		-0.29
Net Tangible Assets	0.65	-0.42	0.18	0.86	-0.7	0.42	0.57	0.83	0.83	0.87	0.86	-0.39	-0.32	0.95	-0.09	0.13	0.7	-0.32	-0.45	-0.17	-0.39	0.11	0.9	0.76	-0.29

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Largo Resources Account Relationship Matchups

Largo Resources balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	297.8M	313.9M	355.8M	396.4M	455.9M	478.6M
Other Current Liab	3.7M	4.0M	6.1M	7.0M	6.3M	9.1M
Total Current Liabilities	44.3M	41.7M	39.0M	42.5M	48.8M	38.1M
Total Stockholder Equity	247.2M	265.7M	265.4M	247.4M	284.5M	298.7M
Net Debt	(54.4M)	(66.2M)	(12.4M)	33.8M	38.9M	27.4M
Retained Earnings	(71.9M)	(49.3M)	(48.2M)	(77.6M)	(69.9M)	(73.4M)
Accounts Payable	12.3M	14.1M	26.6M	31.3M	36.0M	37.8M
Cash	79.1M	83.8M	54.5M	42.7M	49.1M	30.0M
Cash And Short Term Investments	79.1M	83.8M	54.5M	42.7M	49.1M	30.0M
Net Receivables	19.1M	23.7M	21.0M	25.6M	29.4M	30.9M
Common Stock Shares Outstanding	61.4M	65.0M	64.4M	64.0M	73.6M	77.3M
Liabilities And Stockholders Equity	297.8M	313.9M	355.8M	396.4M	455.9M	478.6M
Other Stockholder Equity	21.3M	17.8M	14.1M	397.2K	357.5K	339.6K
Total Liab	50.6M	48.2M	81.2M	141.9M	163.2M	85.6M
Total Current Assets	137.3M	160.0M	154.1M	137.1M	157.7M	165.6M
Accumulated Other Comprehensive Income	(108.4M)	(118.8M)	(112.2M)	(85.6M)	(77.0M)	(73.2M)
Property Plant And Equipment Net	149.0M	146.7M	175.2M	211.1M	242.8M	140.3M
Non Current Assets Total	160.5M	153.9M	201.6M	260.0M	299.0M	313.9M
Other Assets	7.2M	3.3M	4.6M	(701.6K)	(806.8K)	(766.5K)
Inventory	35.3M	45.3M	64.2M	61.6M	70.8M	74.3M
Other Current Assets	3.7M	7.2M	14.5M	7.2M	8.3M	9.8M
Non Current Liabilities Total	6.3M	6.5M	42.2M	99.7M	114.6M	60.7M
Non Currrent Assets Other	(195.1M)	(190.4M)	14.5M	35.2M	31.7M	33.3M
Common Stock	406.2M	416.0M	411.6M	410.2M	471.7M	344.3M
Other Liab	7.3M	6.3M	4.6M	4.8M	4.3M	5.2M
Net Tangible Assets	272.1M	242.8M	261.8M	258.1M	296.8M	275.3M
Net Invested Capital	272.0M	280.7M	305.4M	323.7M	372.2M	326.6M
Net Working Capital	93.0M	118.3M	115.2M	94.7M	108.9M	89.9M
Property Plant Equipment	190.5M	149.0M	146.7M	189.7M	170.8M	160.7M
Capital Stock	406.2M	416.0M	411.6M	412.3M	474.1M	419.2M
Property Plant And Equipment Gross	254.7M	267.0M	322.9M	397.0M	456.5M	338.4M

Pair Trading with Largo Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Largo Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Largo Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Largo Stock

0.83	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.72	ELBM	Electra Battery Materials	Pair Corr

Moving against Largo Stock

0.64	NAK	Northern Dynasty Minerals	Pair Corr
0.58	NMG	Nouveau Monde Graphite	Pair Corr
0.5	IPX	IperionX Limited American	Pair Corr

The ability to find closely correlated positions to Largo Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Largo Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Largo Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Largo Resources to buy it.

The correlation of Largo Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Largo Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Largo Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Largo Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Largo Resources offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Largo Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Largo Resources Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Largo Resources Stock:

How To Invest In Largo

Details

Is Largo Stock a good investment?

Details

What is Largo Resources' Net Worth?

Details

Largest Diversified Metals & Mining Companies

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Largest Other Industrial Metals & Mining Companies

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To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.

You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Largo Resources. If investors know Largo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Largo Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.153

Earnings Share

(0.76)

Revenue Per Share

2.26

Quarterly Revenue Growth

(0.32)

Return On Assets

(0.08)

The market value of Largo Resources is measured differently than its book value, which is the value of Largo that is recorded on the company's balance sheet. Investors also form their own opinion of Largo Resources' value that differs from its market value or its book value, called intrinsic value, which is Largo Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Largo Resources' market value can be influenced by many factors that don't directly affect Largo Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Largo Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Largo Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Largo Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Largo Historical Balance Sheet

Largo Resources Inventory

74.34 Million

About Largo Balance Sheet Analysis

Largo Resources Balance Sheet Chart

Total Current Liabilities

Accounts Payable

Accumulated Other Comprehensive Income

Largo Resources balance sheet Correlations

Largo Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Largo Resources balance sheet Accounts

Pair Trading with Largo Resources

Moving together with Largo Stock

Moving against Largo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Tangible Assets	+ 0.95	Total Current Assets
Short Long Term Debt Total	+ 0.94	Total Liab
Non Current Liabilities Total	+ 0.92	Net Debt
Short Long Term Debt Total	+ 0.92	Non Current Liabilities Total
Common Stock	+ 0.91	Common Stock Shares Outstanding

Other Liab	- 0.84	Inventory
Total Liab	- 0.79	Retained Earnings
Short Long Term Debt Total	- 0.78	Retained Earnings
Non Current Liabilities Total	- 0.73	Retained Earnings
Total Current Assets	- 0.73	Net Debt
Cash And Short Term Investments	- 0.72	Net Debt