Largo Resources Ltd (LGO) - Net Assets

Latest as of September 2025: CA$136.15 Million CAD ≈ $98.49 Million USD

Based on the latest financial reports, Largo Resources Ltd (LGO) has net assets worth CA$136.15 Million CAD (≈ $98.49 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$321.99 Million ≈ $232.92 Million USD) and total liabilities (CA$185.84 Million ≈ $134.43 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read LGO current and long-term liabilities for a breakdown of total debt and financial obligations.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$136.15 Million
% of Total Assets 42.28%
Annual Growth Rate N/A
5-Year Change -30.72%
10-Year Change 621.3%
Growth Volatility 205.98

Largo Resources Ltd - Net Assets Trend (2001–2024)

This chart illustrates how Largo Resources Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Largo Resources Ltd for the complete picture of this company's asset base.

Annual Net Assets for Largo Resources Ltd (2001–2024)

The table below shows the annual net assets of Largo Resources Ltd from 2001 to 2024. For live valuation and market cap data, see market value of Largo Resources Ltd.

Year Net Assets Change
2024-12-31 CA$171.23 Million
≈ $123.86 Million		 -33.06%
2023-12-31 CA$255.80 Million
≈ $185.04 Million		 -6.83%
2022-12-31 CA$274.55 Million
≈ $198.61 Million		 +3.33%
2021-12-31 CA$265.70 Million
≈ $192.20 Million		 +7.50%
2020-12-31 CA$247.16 Million
≈ $178.79 Million		 -8.94%
2019-12-31 CA$271.43 Million
≈ $196.35 Million		 -5.86%
2018-12-31 CA$288.34 Million
≈ $208.58 Million		 +387.62%
2017-12-31 CA$59.13 Million
≈ $42.77 Million		 +196.28%
2016-12-31 CA$19.96 Million
≈ $14.44 Million		 -15.93%
2015-12-31 CA$23.74 Million
≈ $17.17 Million		 -83.37%
2014-12-31 CA$142.77 Million
≈ $103.28 Million		 -18.74%
2013-12-31 CA$175.68 Million
≈ $127.09 Million		 -3.02%
2012-12-31 CA$181.15 Million
≈ $131.04 Million		 +90.13%
2011-12-31 CA$95.27 Million
≈ $68.92 Million		 +105.70%
2010-12-31 CA$46.32 Million
≈ $33.50 Million		 +41.22%
2009-12-31 CA$32.80 Million
≈ $23.72 Million		 +30.63%
2008-12-31 CA$25.11 Million
≈ $18.16 Million		 +85.90%
2007-12-31 CA$13.51 Million
≈ $9.77 Million		 +121.49%
2006-12-31 CA$6.10 Million
≈ $4.41 Million		 +58.97%
2005-12-31 CA$3.84 Million
≈ $2.77 Million		 +42.57%
2004-12-31 CA$2.69 Million
≈ $1.95 Million		 +780.52%
2003-12-31 CA$305.52K
≈ $221.01K		 +572.68%
2002-12-31 CA$45.42K
≈ $32.86K		 +196.93%
2001-12-31 CA$-46.86K
≈ $-33.90K		 --

Equity Component Analysis

This analysis shows how different components contribute to Largo Resources Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 12362659398.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CA$412.99 Million 250.57%
Other Comprehensive Income CA$-133.53 Million -81.01%
Other Components CA$11.85 Million 7.19%
Total Equity CA$164.82 Million 100.00%

Largo Resources Ltd Competitors by Market Cap

The table below lists competitors of Largo Resources Ltd ranked by their market capitalization.

Company Market Cap
Interpark Co. Ltd
KQ:035080
 $95.08 Million
Super Dragon Technology Co Ltd
TW:9955
 $95.09 Million
BMT Co. Ltd
KQ:086670
 $95.10 Million
WINS Co. Ltd
KQ:136540
 $95.13 Million
Sao Ta Foods JSC
VN:FMC
 $95.03 Million
Alcidion Group Ltd
AU:ALC
 $95.02 Million
Koryo Credit Information Co. Ltd
KQ:049720
 $95.02 Million
Phillips 66
F:PSX
 $94.97 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Largo Resources Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 248,652,000 to 164,818,000, a change of -83,834,000 (-33.7%).
  • Net loss of 49,828,000 reduced equity.
  • Other comprehensive income decreased equity by 35,327,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$-49.83 Million -30.23%
Other Comprehensive Income CA$-35.33 Million -21.43%
Other Changes CA$1.32 Million +0.8%
Total Change CA$- -33.72%

Book Value vs Market Value Analysis

This analysis compares Largo Resources Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.61x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2001-12-31 CA$-0.75 CA$1.57 x
2002-12-31 CA$0.70 CA$1.57 x
2003-12-31 CA$3.04 CA$1.57 x
2004-12-31 CA$14.04 CA$1.57 x
2005-12-31 CA$14.36 CA$1.57 x
2006-12-31 CA$11.11 CA$1.57 x
2007-12-31 CA$15.22 CA$1.57 x
2008-12-31 CA$19.98 CA$1.57 x
2009-12-31 CA$16.54 CA$1.57 x
2010-12-31 CA$18.16 CA$1.57 x
2011-12-31 CA$24.39 CA$1.57 x
2012-12-31 CA$27.03 CA$1.57 x
2013-12-31 CA$19.61 CA$1.57 x
2014-12-31 CA$14.14 CA$1.57 x
2015-12-31 CA$1.42 CA$1.57 x
2016-12-31 CA$0.52 CA$1.57 x
2017-12-31 CA$1.26 CA$1.57 x
2018-12-31 CA$4.49 CA$1.57 x
2019-12-31 CA$5.07 CA$1.57 x
2020-12-31 CA$4.03 CA$1.57 x
2021-12-31 CA$4.08 CA$1.57 x
2022-12-31 CA$4.12 CA$1.57 x
2023-12-31 CA$3.88 CA$1.57 x
2024-12-31 CA$2.57 CA$1.57 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Largo Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): -30.23%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -39.89%
  • • Asset Turnover: 0.39x
  • • Equity Multiplier: 1.93x
  • Recent ROE (-30.23%) is above the historical average (-46.19%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 0.00% 0.00% 0.00x 0.00x CA$-81.43K
2002 -201.25% -1754.85% 0.06x 1.95x CA$-95.95K
2003 -118.79% -4366.71% 0.03x 1.04x CA$-393.49K
2004 -24.17% 0.00% 0.00x 1.11x CA$-919.15K
2005 -16.36% 0.00% 0.00x 1.13x CA$-1.01 Million
2006 -40.47% 0.00% 0.00x 1.05x CA$-3.08 Million
2007 -39.22% 0.00% 0.00x 1.61x CA$-6.65 Million
2008 -25.00% 0.00% 0.00x 1.45x CA$-8.79 Million
2009 -2.45% 0.00% 0.00x 1.37x CA$-4.08 Million
2010 -7.36% 0.00% 0.00x 1.41x CA$-8.04 Million
2011 -4.00% 0.00% 0.00x 1.86x CA$-13.33 Million
2012 -13.99% 0.00% 0.00x 1.34x CA$-43.46 Million
2013 -6.19% 0.00% 0.00x 1.97x CA$-28.44 Million
2014 -31.60% 0.00% 0.00x 2.52x CA$-59.38 Million
2015 -394.51% -1710.00% 0.02x 9.59x CA$-96.03 Million
2016 -207.37% -68.48% 0.23x 13.17x CA$-43.38 Million
2017 -14.01% -6.21% 0.45x 4.99x CA$-14.19 Million
2018 80.45% 60.60% 0.94x 1.41x CA$203.14 Million
2019 -10.21% -25.86% 0.30x 1.31x CA$-54.87 Million
2020 2.74% 5.63% 0.40x 1.20x CA$-17.96 Million
2021 8.50% 11.38% 0.63x 1.18x CA$-4.00 Million
2022 -0.84% -0.97% 0.64x 1.34x CA$-28.77 Million
2023 -12.20% -15.27% 0.52x 1.53x CA$-55.21 Million
2024 -30.23% -39.89% 0.39x 1.93x CA$-66.31 Million

Industry Comparison

This section compares Largo Resources Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.

Industry Context

  • Industry: Other Industrial Metals & Mining
  • Average net assets among peers: $14,613,271
  • Average return on equity (ROE) among peers: -28.30%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Largo Resources Ltd (LGO) CA$136.15 Million 0.00% 1.36x $95.03 Million
Aftermath Silver Ltd (AAG) $1.38 Million -190.49% 0.19x $185.75 Million
Aton Resources Inc (AAN) $-9.49 Million 0.00% 0.00x $49.79 Million
Arbor Metals Corp (ABR) $3.78 Million -10.88% 0.34x $10.75 Million
Asiabasemetals Inc (ABZ) $-637.51K 0.00% 0.00x $4.67 Million
Adex Mining Inc (ADE) $-2.16 Million 0.00% 0.00x $27.09 Million
Alphamin Res (AFM) $71.72 Million -9.02% 0.02x $1.30 Billion
Silver X Mining Corp (AGX) $38.37 Million -47.47% 0.73x $148.73 Million
Amarc Resources Ltd. (AHR) $14.00 Million 5.93% 0.01x $148.33 Million
Almonty Industries Inc (AII) $29.17 Million -31.05% 4.18x $4.73 Billion
Aldebaran Resources Inc (ALDE) $1.00 0.00% 0.00x $332.39 Million

About Largo Resources Ltd

TO:LGO Canada Other Industrial Metals & Mining
Market Cap
$95.03 Million
CA$131.37 Million CAD
Market Cap Rank
#19375 Global
#652 in Canada
Share Price
CA$1.57
Change (1 day)
-3.68%
52-Week Range
CA$1.26 - CA$3.52
All Time High
CA$46.00
Categories
Companies in Canada Other Industrial Metals & Mining
About

Largo Inc. engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through six segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Clean Energy and Largo Physical Vanadium. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE … Read more