Largo Total Liab vs Long Term Debt Analysis
| LGO Stock | USD 2.10 0.07 3.23% |
Largo Resources financial indicator trend analysis is infinitely more than just investigating Largo Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Largo Resources is a good investment. Please check the relationship between Largo Resources Total Liab and its Long Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.
Total Liab vs Long Term Debt
Total Liab vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Largo Resources Total Liab account and Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Largo Resources' Total Liab and Long Term Debt is 0.47. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Largo Resources, assuming nothing else is changed. The correlation between historical values of Largo Resources' Total Liab and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Largo Resources are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Liab i.e., Largo Resources' Total Liab and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.47 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Long Term Debt
Long-term debt is a debt that Largo Resources has held for over one year. Long-term debt appears on Largo Resources balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Largo Resources balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Largo Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Largo Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.At this time, Largo Resources' Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.32, though Tax Provision is likely to grow to (1.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 198.3M | 229.3M | 198.7M | 143.6M | Depreciation And Amortization | 22.5M | 23.3M | 29.3M | 30.7M |
Largo Resources fundamental ratios Correlations
Click cells to compare fundamentals
Largo Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Largo Resources fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 356.8M | 297.8M | 313.9M | 355.8M | 396.4M | 201.9M | |
| Other Current Liab | 3.2M | 3.7M | 4.0M | 6.1M | 7.0M | 9.1M | |
| Total Current Liabilities | 78.1M | 44.3M | 41.7M | 39.0M | 42.5M | 38.1M | |
| Total Stockholder Equity | 271.4M | 247.2M | 265.7M | 265.4M | 247.4M | 259.7M | |
| Net Debt | (127.1M) | (54.4M) | (66.2M) | (12.4M) | 33.8M | 27.4M | |
| Retained Earnings | (49.1M) | (71.9M) | (49.3M) | (48.2M) | (77.6M) | (81.5M) | |
| Accounts Payable | 74.9M | 12.3M | 14.1M | 26.6M | 31.3M | 32.8M | |
| Cash | 127.1M | 79.1M | 83.8M | 54.5M | 42.7M | 30.0M | |
| Cash And Short Term Investments | 127.1M | 79.1M | 83.8M | 54.5M | 42.7M | 30.0M | |
| Net Receivables | 6.1M | 19.1M | 23.7M | 21.0M | 25.6M | 26.9M | |
| Common Stock Shares Outstanding | 53.5M | 61.4M | 65.0M | 64.4M | 64.0M | 67.2M | |
| Liabilities And Stockholders Equity | 356.8M | 297.8M | 313.9M | 355.8M | 396.4M | 201.9M | |
| Other Stockholder Equity | 14.9M | 21.3M | 17.8M | 14.1M | 397.2K | 377.4K | |
| Total Liab | 85.4M | 50.6M | 48.2M | 81.2M | 141.9M | 85.6M | |
| Total Current Assets | 156.2M | 137.3M | 160.0M | 154.1M | 137.1M | 144.0M | |
| Accumulated Other Comprehensive Income | (29.7M) | (108.4M) | (118.8M) | (112.2M) | (85.6M) | (81.3M) | |
| Property Plant And Equipment Net | 190.1M | 149.0M | 146.7M | 175.2M | 211.1M | 140.3M | |
| Non Current Assets Total | 200.7M | 160.5M | 153.9M | 201.6M | 260.0M | 147.7M | |
| Inventory | 21.2M | 35.3M | 45.3M | 64.2M | 61.6M | 64.6M | |
| Other Current Assets | 1.7M | 3.7M | 7.2M | 14.5M | 7.2M | 9.8M | |
| Non Current Liabilities Total | 7.3M | 6.3M | 6.5M | 42.2M | 99.7M | 60.7M | |
| Non Currrent Assets Other | 0.0 | (195.1M) | (190.4M) | 14.5M | 35.2M | 37.0M | |
| Common Stock | 335.3M | 406.2M | 416.0M | 411.6M | 410.2M | 344.3M | |
| Other Liab | 7.3M | 6.3M | 4.6M | 4.8M | 4.3M | 5.2M | |
| Net Tangible Assets | 272.1M | 242.8M | 261.8M | 258.1M | 296.8M | 275.3M | |
| Net Invested Capital | 271.4M | 272.0M | 280.7M | 305.4M | 323.7M | 326.6M | |
| Net Working Capital | 78.1M | 93.0M | 118.3M | 115.2M | 94.7M | 89.9M | |
| Property Plant Equipment | 190.5M | 149.0M | 146.7M | 189.7M | 170.8M | 160.7M | |
| Capital Stock | 335.3M | 406.2M | 416.0M | 411.6M | 412.3M | 419.2M |
Pair Trading with Largo Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Largo Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Largo Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Largo Stock
Moving against Largo Stock
The ability to find closely correlated positions to Largo Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Largo Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Largo Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Largo Resources to buy it.
The correlation of Largo Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Largo Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Largo Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Largo Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Largo Resources. If investors know Largo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Largo Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.153 | Earnings Share (0.76) | Revenue Per Share 2.26 | Quarterly Revenue Growth (0.32) | Return On Assets (0.08) |
The market value of Largo Resources is measured differently than its book value, which is the value of Largo that is recorded on the company's balance sheet. Investors also form their own opinion of Largo Resources' value that differs from its market value or its book value, called intrinsic value, which is Largo Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Largo Resources' market value can be influenced by many factors that don't directly affect Largo Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Largo Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Largo Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Largo Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.