Largo Inc. (LGO) Financial Ratio Screen

NASDAQ Basic Materials Canada USD 93M
FINANCIAL SCREEN PASSED*
Automated financial screen · activity assessed separately
Largo Inc. (LGO) passes all available checks in 2 implemented financial-ratio model(s). Its activity assessment is still in progress; this is not a Shariah verdict. Its debt proxy is 29.0% against the model threshold of 30%. The supplied classification is Basic Materials (Other Industrial Metals & Mining); mixed activities and revenue segments remain part of the activity assessment.

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MSCI new-inclusion financial-ratio snapshot

LGO financial screening at a glance

FINANCIAL SCREEN PASSED*Financial ratios shown separately from business review — not a fatwa
Debt ratio
29.0%
Pass vs 30%
Cash ratio
6.9%
Pass vs 30%
Receivables + cash
10.0%
Pass vs 30%
Impermissible income
1.2%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2024. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria passedActivity is assessed separately
FTSE/Yasaar-styleFinancial criteria passedActivity is assessed separately
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2024Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Other Industrial Metals & Mining) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: 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 vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications. The company offers renewable energy storage solutions through Largo Clean Energy. Its products are sourced from vanadium deposits at the Maracás Menchen Mine in Brazil. The company was formerly known as Largo Resources Ltd. and changed its name to Largo Inc. in November 2021. The company was incorporated in 1988 and is headquartered in Toronto, Canada.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2024

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 29.0%
/ 30%
6.9%
/ 30%
10.0%
/ 30%
1.22%
/ 5%
FINANCIAL SCREEN PASSED*
FTSE 29.0%
/ 33%
6.9%
/ 33%
10.0%
/ 50%
1.22%
/ 5%
FINANCIAL SCREEN PASSED*

Financial Highlights

EPS
$-0.99
P/B Ratio
0.5
EV/EBITDA
20.1
EV: $197M
Revenue
$125M
Growth: 11.2%
Beta
2.2
High volatility
Current Ratio
0.5

Profitability

Gross Margin 0.7%
Operating Margin -7.3%
Net Margin -57.3%
Return on Equity (ROE) -38.4%
Return on Assets (ROA) -2.3%

Cash Flow & Balance Sheet

Operating Cash Flow$11M
Free Cash Flow-$31M
Total Debt$92M
Debt-to-Equity77.8
Current Ratio0.5
Total Assets$319M

Price & Trading

Last Close$1.15
50-Day MA$1.41
200-Day MA$1.35
Avg Volume1.6M
Beta2.2
52-Week Range
$0.85
$2.70

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2024. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Largo Inc. (LGO)

CEO
Mr. Jesús Alberto Arias López
Employees
500
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Country
Canada
Exchange
NASDAQ
Market Cap (listing currency)
USD 93M
Currency
USD

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 vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications. The company offers renewable energy storage solutions through Largo Clean Energy. Its products are sourced from vanadium deposits at the Maracás Menchen Mine in Brazil. The company was formerly known as Largo Resources Ltd. and changed its name to Largo Inc. in November 2021. The company was incorporated in 1988 and is headquartered in Toronto, Canada.

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Frequently Asked Questions

Is Largo Inc. (LGO) halal to invest in?

The current automated result is Financial screen passed; activity assessment pending. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Largo Inc.'s debt ratio?

Largo Inc.'s debt ratio is 29.0% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Largo Inc.'s key financial metrics?

Largo Inc. has a market capitalization of USD 93M in its listing currency, and revenue of $125M. The company maintains a gross margin of 0.7% and a net margin of -57.3%. Return on equity stands at -38.4%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2024. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.