Largo (LGO) Debt Ratio (2020 - 2026)

Largo (LGO) recorded quarterly Debt Ratio of 0.32 in Q1 2026, down 53.08% quarter-over-quarter from 0.67 in Q4 2025, and up 30.41% on a YoY basis from 0.24 in Q1 2025.

Largo (LGO) Debt Ratio (2020 - 2026) Analysis & Trends

Largo's Debt Ratio history runs 7 years deep, the most recent figure standing at 0.32 for Q1 2026.

  • In Q1 2026, Debt Ratio rose 30.41% year-over-year to 0.32; the TTM figure through Mar 2026 stood at 0.32 (up 30.41% YoY), while the FY2025 annual figure was 0.67, up 131.98% from the prior year.
  • Debt Ratio was 0.32 for Q1 2026 at Largo, down from 0.67 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.67 in Q4 2025 to a low of 0.01 in Q1 2024.
  • Historically, Debt Ratio has averaged 0.2 across 5 years, with a median of 0.22 in 2023.
  • The sharpest annual moves came in 2024 and 2025: Debt Ratio sank 55.85% in 2024, then jumped 2226.12% in 2025.
  • A 5-year view of Debt Ratio shows it stood at 0.02 in 2022, then soared by 773.94% to 0.2 in 2023, then jumped by 47.35% to 0.29 in 2024, then soared by 131.98% to 0.67 in 2025, then slumped by 53.08% to 0.32 in 2026.
  • The last three Debt Ratio figures came in at 0.32 (Q1 2026), 0.67 (Q4 2025), and 0.3 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - 0.12
2 Bhp 421.29 Bn 411.77 Bn - 0.22
3 Skeena Resources 17.36 Bn 17.34 Bn - -
4 Ioneer 10.78 Bn 10.76 Bn - -
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn 0.26
6 Iperionx 8.57 Bn 8.52 Bn - 0.03
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 0.26
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn 0.37
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn -
10 Largo 77,111.03 -8.46 Mn - 0.32

Historic Data

Download Data
DateValue
Mar 31, 2026 0.32
Dec 31, 2025 0.67
Sep 30, 2025 0.30
Jun 30, 2025 0.24
Mar 31, 2025 0.24
Dec 31, 2024 0.29
Sep 30, 2024 0.27
Jun 30, 2024 0.25
Mar 31, 2024 0.01
Dec 31, 2023 0.20
Sep 30, 2023 0.17
Jun 30, 2023 0.05
Mar 31, 2023 0.02
Dec 31, 2022 0.02
Sep 30, 2022 0.04
Jun 30, 2022 0.04
Sep 30, 2021 0.05
Jun 30, 2021 0.05
Dec 31, 2020 0.17