Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 33.00% is 115% above its 5-year average of 15.31%, near the high end of its 5-year range (0.00%–33.00%).
As of the fiscal period ended Tuesday, June 30, 2026. 62.65% above its 12-month average of 20.29%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 33.00%.
DEBT TO ASSETS RATIO
33.00%
DEBT TO ASSETS RATIO AVG TTM
20.29%
DEBT TO ASSETS RATIO AVG 3Y
19.93%
DEBT TO ASSETS RATIO AVG 5Y
15.31%
DEBT TO ASSETS RATIO AVG 10Y
20.47%
DEBT TO ASSETS RATIO AVG 15Y
29.45%
DEBT TO ASSETS RATIO AVG 20Y
22.34%
CURRENT VS TTM AVG
+62.65%
CURRENT VS 3Y AVG
+65.58%
CURRENT VS 5Y AVG
+115.50%
CURRENT VS 10Y AVG
+61.20%
CURRENT VS 15Y AVG
+12.04%
CURRENT VS 20Y AVG
+47.70%
SECTOR MEDIAN · BASIC MATERIALS
0.21%
median of 132 covered companies
CURRENT VS SECTOR MEDIAN
+15997.75%
vs the sector median at left
Largo Inc.
Market Cap
$35.64M
Debt to Assets Ratio
33.00%
TTM Avg
20.29%
3Y Avg
19.93%
5Y Avg
15.31%
Market Cap
$39.48M
Debt to Assets Ratio
0.74%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$31.32M
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$21.59M
Debt to Assets Ratio
0.50%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$20.52M
Debt to Assets Ratio
0.45%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$51.25M
Debt to Assets Ratio
0.42%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$18.61M
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$53.40M
Debt to Assets Ratio
0.38%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$16.75M
Debt to Assets Ratio
0.88%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Largo Inc. (LGO) | $35.64M | 33.00% | 20.29% | 19.93% | 15.31% |
| Odyssey Marine Exploration, Inc. (OMEX)vs › | $39.48M | 0.74% | N/A | N/A | N/A |
| Frontier Nuclear and Minerals Inc. (FNUC)vs › | $31.32M | 0.00% | N/A | N/A | N/A |
| Bioceres Crop Solutions Corp. (BIOX)vs › | $21.59M | 0.50% | N/A | N/A | N/A |
| Loop Industries, Inc. (LOOP)vs › | $20.52M | 0.45% | N/A | N/A | N/A |
| Texxon Holding Limited Ordinary shares (NPT)vs › | $51.25M | 0.42% | N/A | N/A | N/A |
| Greenland Mines Ltd. (GRML)vs › | $18.61M | 0.00% | N/A | N/A | N/A |
| Electra Battery Materials Corporation (ELBM)vs › | $53.40M | 0.38% | N/A | N/A | N/A |
| Mercer International Inc. (MERC)vs › | $16.75M | 0.88% | N/A | N/A | N/A |
| Antelope Enterprise Holdings Limited (AEHL)vs › | $11.25M | 0.10% | N/A | N/A | N/A |
Debt/Assets
33.0%
Debt/Equity
0.86
Current Ratio
0.54
Interest Coverage
-3.5x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 33.00% |
| 2026-03-31 | 31.52% |
| 2025-12-31 | 0.00% |
| 2025-09-30 | 32.89% |
| 2025-06-30 | 4.04% |
| 2025-03-31 | 4.24% |
| 2024-12-31 | 27.89% |
| 2024-09-30 | 27.26% |
| 2024-06-30 | 25.14% |
| 2024-03-31 | 21.16% |
| 2023-12-31 | 19.21% |
| 2023-09-30 | 15.76% |
| 2023-06-30 | 16.98% |
| 2023-03-31 | 17.50% |
| 2022-12-31 | 11.82% |
| 2022-09-30 | 6.59% |
| 2022-06-30 | 4.82% |
| 2022-03-31 | 5.00% |
| 2021-12-31 | 5.59% |
| 2021-09-30 | 5.60% |
| 2021-06-30 | 5.57% |
| 2021-03-31 | 0.00% |
| 2020-12-31 | 8.32% |
| 2020-09-30 | 9.11% |
| 2020-06-30 | 9.22% |
| 2020-03-31 | 7.40% |
| 2019-12-31 | 0.00% |
| 2019-09-30 | 0.00% |
| 2019-06-30 | 5.94% |
| 2019-03-31 | 6.44% |
| 2018-12-31 | 21.23% |
| 2018-09-30 | 35.15% |
| 2018-06-30 | 62.27% |
| 2018-03-31 | 58.14% |
| 2017-12-31 | 64.91% |
| 2017-09-30 | 73.84% |
| 2017-06-30 | 77.81% |
| 2017-03-31 | 77.08% |
| 2016-12-31 | 78.20% |
| 2016-09-30 | 76.46% |
| 2016-06-30 | 73.89% |
| 2016-03-31 | 72.64% |
| 2015-12-31 | 69.66% |
| 2015-09-30 | 64.28% |
| 2015-06-30 | 56.27% |
| 2015-03-31 | 59.75% |
| 2014-12-31 | 52.90% |
| 2014-09-30 | 49.76% |
| 2014-06-30 | 48.29% |
| 2014-03-31 | 45.61% |
| 2013-12-31 | 43.96% |
| 2013-09-30 | 43.87% |
| 2013-06-30 | 32.36% |
| 2013-03-31 | 26.34% |
| 2012-12-31 | 20.74% |
| 2012-09-30 | 21.86% |
| 2012-06-30 | 7.09% |
| 2012-03-31 | 7.64% |
| 2011-12-31 | 2.19% |
| 2011-09-30 | 2.30% |
| 2011-06-30 | 2.23% |
| 2011-03-31 | 10.82% |
| 2010-12-31 | 0.93% |
| 2010-09-30 | 0.98% |
| 2010-06-30 | 0.00% |
| 2010-03-31 | 0.00% |
| 2009-12-31 | 0.00% |
| 2009-09-30 | 0.00% |
| 2009-06-30 | 0.00% |
| 2009-03-31 | 0.00% |
| 2008-12-31 | 0.32% |
| 2008-09-30 | 0.00% |
| 2008-06-30 | 0.00% |
| 2008-03-31 | 0.00% |
| 2007-12-31 | 0.00% |
| 2007-09-30 | 0.00% |
| 2007-06-30 | 0.00% |
| 2007-03-31 | 0.00% |
| 2006-12-31 | 0.00% |
| 2006-09-30 | 0.00% |
| 2006-06-30 | 0.00% |
| 2006-03-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2005-09-30 | 0.00% |
| 2005-06-30 | 0.00% |
| 2005-03-31 | 0.00% |
| 2004-12-31 | 0.00% |
| 2004-09-30 | 0.00% |
| 2004-06-30 | 0.00% |
| 2004-03-31 | 0.00% |
| 2003-12-31 | 0.00% |
| 2003-09-30 | 0.00% |
| 2003-06-30 | 17.67% |
| 2003-03-31 | 0.00% |
| 2002-12-31 | 0.00% |
| 2002-09-30 | 0.00% |
