Is Largo Inc. (LGO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 71.0% / 30% | 17.0% / 30% | 7.5% / 30% | 1.22% / 5% | ✗ NOT HALAL |
| DJIM | 71.0% / 33% | 17.0% / 33% | 7.5% / 33% | 1.22% / 5% | ✗ NOT HALAL |
| MSCI | 29.0% / 33% | 6.9% / 33% | 3.1% / 33% | 1.22% / 5% | ✓ HALAL |
| S&P | 71.0% / 33% | 17.0% / 33% | 7.5% / 33% | 1.22% / 5% | ✗ NOT HALAL |
| FTSE | 29.0% / 33% | 6.9% / 33% | 3.1% / 50% | 1.22% / 5% | ✓ HALAL |
Financial Highlights
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-Equity | 77.8 |
| Current Ratio | 0.5 |
| Total Assets | $319M |
Price & Trading
| Last Close | $1.15 |
| 50-Day MA | $1.41 |
| 200-Day MA | $1.35 |
| Avg Volume | 1.6M |
| Beta | 2.2 |
|
52-Week Range
$0.85
| |
About Largo Inc. (LGO)
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.
Related Halal Stocks in Basic Materials
Frequently Asked Questions
Is Largo Inc. (LGO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Largo Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Largo Inc.'s debt ratio?
Largo Inc.'s debt ratio is 71.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 29.0%.
What are Largo Inc.'s key financial metrics?
Largo Inc. has a market capitalization of $93M, 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?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
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.