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| Date | Value |
|---|---|
| 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 |