Lithium Argentina AG (LAR) Balance Sheet
LAR balance sheet, 2025
December 31, 2025 · U.S. dollars$1.10B assets = $282.3M liabilities + $815.4M equity
Both columns are drawn to the same scale: what LAR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LAR financial health
Descriptive bands, not a rating. Fiscal 2025.
LAR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $45.3M2016 | $1.10B2025 | +42.5%/yr | |
| Total liabilities | $2.9M2016 | $282.3M2025 | +66.5%/yr | |
| Shareholders’ equity | $42.4M2016 | $766.5M2025 | +37.9%/yr | |
| Cash & short-term investments | $8.1M2016 | $61.0M2025 | +25.2%/yr | |
| Total debt | $1.1M2016 | $233.7M2025 | +81.9%/yr | |
| Net cash (debt) | $7.0M2016 | −$172.7M2025 | −$179.7M | |
| Working capital | $8.6M2016 | −$195.9M2025 | −$204.5M | |
| Book value per share | $0.692016 | $4.732025 | +23.8%/yr | |
| Current ratio | 5.762016 | 0.302025 | −5.46 | |
| Debt / equity | 0.032016 | 0.302025 | +0.28 | |
| Shares outstanding | 61.1M2016 | 162.2M2025 | +11.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LAR assets
LAR liabilities and equity
LAR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LAR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $61.0M | $85.5M | $122.3M | $352.1M | $510.6M | $148.1M | $83.6M | $41.6M | $55.4M | $8.1M |
| Cash & equivalents | $61.0M | $85.5M | $122.3M | $194.5M | $510.6M | $148.1M | $83.6M | $41.6M | $7.2M | $8.1M |
| Short-term investments | — | $0 | $0 | $157.6M | $0 | — | — | — | — | — |
| Receivables | $23.2M | $17.4M | $4.6M | $4.0M | $2.0M | $1.2M | $2.6M | $1.9M | $1.0M | $979,000 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $1.2M | $1.6M | $2.1M | $530,999 |
| Other current assets | $368,328 | $14.4M | $6.7M | $0 | $20.0M | $5.0M | $5.5M | $1.8M | $2.7M | $833,001 |
| Total current assets | $84.6M | $117.4M | $133.6M | $356.1M | $532.6M | $154.3M | $92.9M | $46.9M | $61.2M | $10.4M |
| Property, plant & equipment (net) | $9.4M | $352.8M | $352.3M | $357.7M | $10.0M | $6.3M | $162.8M | $9.0M | $20.2M | $19.9M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $276.7M | $216.1M | $240.9M | $72.8M | $169.3M | $131.4M | $0 | $0 | $0 | $0 |
| Other non-current assets | $727.1M | $444.9M | $328.3M | $229.9M | $105.4M | $34.7M | $38.1M | $48.0M | $32.1M | $15.0M |
| Total assets | $1.10B | $1.13B | $1.06B | $1.02B | $817.3M | $326.7M | $293.8M | $103.9M | $113.5M | $45.3M |
| Liabilities | ||||||||||
| Accounts payable | $5.9M | $8.4M | $9.6M | $16.5M | $2.0M | $1.2M | $2.6M | $2.8M | — | — |
| Short-term debt | $233.7M | $210.7M | $203.0M | $207.6M | $909,000 | $3.5M | $3.1M | $605,000 | $178,000 | $169,000 |
| Deferred revenue | — | — | $2.3M | — | — | — | — | — | — | — |
| Total current liabilities | $280.4M | $240.3M | $214.9M | $224.1M | $8.3M | $8.8M | $15.0M | $3.4M | $3.7M | $1.8M |
| Long-term debt | $0 | $0 | $0 | $206.5M | $264.1M | $121.2M | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1.9M | $21,000 | $11.2M | $0 | $8.7M | $6.0M | $119.2M | $18.3M | $1.0M | $1.1M |
| Total liabilities | $282.3M | $240.3M | $226.1M | $232.5M | $281.0M | $136.0M | $134.2M | $21.7M | $4.7M | $2.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.6M | $1.6M | $1.6M | $1.4M | $690.0M | $307.2M | $200.9M | $198.0M | $197.4M | — |
| Retained earnings (deficit) | −$743.6M | −$669.5M | −$661.2M | −$272.2M | −$178.7M | −$140.2M | −$65.8M | −$137.6M | −$109.3M | −$76.1M |
| Accumulated other comprehensive income | $1.51B | $1.50B | $1.49B | $1.05B | −$3.5M | −$3.5M | −$3.9M | −$4.3M | −$114,000 | −$2.1M |
| Minority interest | $49.1M | $62.7M | $0 | $0 | — | — | — | — | — | — |
| Total shareholders' equity | $766.5M | $828.3M | $828.9M | $784.0M | $536.3M | $190.7M | $159.6M | $82.3M | $108.8M | $42.4M |
| Key figures | ||||||||||
| Total debt | $233.7M | $210.8M | $403.3M | $412.0M | $265.0M | $124.8M | $115.0M | $18.7M | $929,000 | $1.1M |
| Net cash (debt) | −$172.7M | −$125.2M | −$281.0M | −$59.9M | $245.6M | $23.3M | −$31.4M | $22.9M | $54.5M | $7.0M |
| Working capital | −$195.9M | −$122.9M | −$81.4M | $132.0M | $524.3M | $145.6M | $77.9M | $43.6M | $57.5M | $8.6M |
| Tangible book value | $766.5M | $828.3M | $828.9M | $784.0M | $536.3M | $190.7M | $159.6M | $82.3M | $108.8M | $42.4M |
| Book value per share | $4.73 | $5.13 | $5.16 | $5.86 | $4.51 | $2.08 | $1.74 | $0.93 | $1.43 | $0.69 |
| Shares outstanding | 162.2M | 161.3M | 160.6M | 133.7M | 118.8M | 91.8M | 91.8M | 88.6M | 76.0M | 61.1M |
| Current ratio | 0.30 | 0.49 | 0.62 | 1.59 | 64.51 | 17.63 | 6.20 | 13.96 | 16.44 | 5.76 |
| Quick ratio | 0.30 | 0.43 | 0.59 | 1.59 | 62.09 | 17.06 | 5.75 | 12.96 | 15.15 | 5.00 |
| Debt / equity | 0.30 | 0.25 | 0.49 | 0.53 | 0.49 | 0.65 | 0.72 | 0.23 | 0.01 | 0.03 |
| Equity / assets | 69.8% | 73.2% | 78.6% | 77.1% | 65.6% | 58.4% | 54.3% | 79.2% | 95.8% | 93.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $99.7M | $97.8M | $61.0M | $64.0M | $68.0M | $73.9M | $85.5M | $92.3M | $96.2M | $86.2M | $122.3M | $147.4M |
| Cash & equivalents | $99.7M | $97.8M | $61.0M | $64.0M | $68.0M | $73.9M | $85.5M | $92.3M | $96.2M | $86.2M | $122.3M | $147.4M |
| Short-term investments | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Receivables | $0 | $65.8M | $23.2M | $20.6M | $26.2M | $20.5M | $17.4M | $16.7M | $12.1M | $9.0M | $4.6M | $4.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $48.1M | $4.6M | $368,328 | $0 | $37.9M | $38.6M | $14.4M | $2.7M | $4.1M | $3.6M | $6.7M | $458.2M |
| Total current assets | $147.9M | $168.1M | $84.6M | $84.6M | $132.1M | $133.1M | $117.4M | $111.8M | $112.3M | $98.8M | $133.6M | $610.0M |
| Property, plant & equipment (net) | $350.2M | $9.3M | $9.4M | $349.9M | $353.0M | $352.7M | $352.8M | $352.9M | $353.4M | $352.9M | $352.3M | $351.3M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $311.1M | $298.8M | $276.7M | $262.3M | $215.3M | $215.8M | $216.1M | $214.6M | $214.9M | $229.0M | $240.9M | $219.8M |
| Other non-current assets | $343.4M | $687.0M | $727.1M | $381.9M | $440.6M | $429.3M | $444.9M | $442.6M | $365.4M | $365.4M | $328.3M | $318.9M |
| Total assets | $1.15B | $1.16B | $1.10B | $1.08B | $1.14B | $1.13B | $1.13B | $1.12B | $1.05B | $1.05B | $1.06B | $1.50B |
| Liabilities | ||||||||||||
| Accounts payable | $6.7M | $7.8M | $5.9M | $4.6M | $5.5M | $5.6M | $8.4M | $4.3M | $5.1M | $7.3M | $9.6M | $5.1M |
| Short-term debt | $251.0M | $243.1M | $233.7M | $226.5M | $221.3M | $214.5M | $210.7M | $205.7M | $202.1M | $202.0M | $203.0M | $5.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | $2.3M | $15.4M |
| Total current liabilities | $311.8M | $325.6M | $280.4M | $250.6M | $250.8M | $240.7M | $240.3M | $228.1M | $221.8M | $214.8M | $214.9M | $49.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $202.4M | $0 | $0 | $200.4M | $195.4M |
| Other long-term liabilities | $1.1M | $1.4M | $1.9M | $1.1M | $2.0M | $1.8M | $21,000 | $1.8M | $367,000 | $11.2M | $0 | $656,000 |
| Total liabilities | $312.9M | $327.1M | $282.3M | $251.7M | $252.8M | $242.5M | $240.3M | $228.1M | $222.1M | $226.0M | $226.1M | $245.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.48B | $1.48B | $1.48B | $1.6M | $1.47B |
| Retained earnings (deficit) | −$734.8M | −$738.6M | −$743.6M | −$745.3M | −$680.8M | −$676.8M | −$669.5M | −$664.7M | −$669.2M | −$671.4M | −$661.2M | −$246.2M |
| Accumulated other comprehensive income | $1.52B | $1.52B | $1.51B | $1.51B | $1.50B | $1.50B | $1.50B | −$3.5M | −$3.5M | −$3.5M | $1.49B | −$3.5M |
| Minority interest | $51.1M | $51.2M | $49.1M | $62.6M | $62.7M | — | — | — | — | — | — | — |
| Total shareholders' equity | $788.5M | $784.8M | $766.5M | $764.4M | $825.6M | $825.6M | $828.3M | $831.0M | $824.0M | $820.1M | $828.9M | $1.25B |
| Key figures | ||||||||||||
| Total debt | $251.5M | $243.1M | $233.7M | $226.5M | $221.3M | $214.5M | $210.8M | $205.7M | $202.4M | $202.5M | $403.3M | $200.3M |
| Net cash (debt) | −$151.8M | −$145.3M | −$172.7M | −$162.5M | −$153.3M | −$140.6M | −$125.2M | −$113.4M | −$106.2M | −$116.3M | −$281.0M | −$52.9M |
| Working capital | −$164.0M | −$157.5M | −$195.9M | −$166.0M | −$118.7M | −$107.6M | −$122.9M | −$116.4M | −$109.4M | −$116.0M | −$81.4M | $560.9M |
| Tangible book value | $788.5M | $784.8M | $766.5M | $764.4M | $825.6M | $825.6M | $828.3M | $831.0M | $824.0M | $820.1M | $828.9M | $1.25B |
| Book value per share | $4.54 | $4.54 | $4.72 | $4.71 | $5.10 | $5.10 | $5.11 | $5.15 | $4.96 | $5.10 | $5.16 | $7.66 |
| Shares outstanding | 173.7M | 173.0M | 162.4M | 162.4M | 162.0M | 161.9M | 161.9M | 161.5M | 166.2M | 160.8M | 160.7M | 163.8M |
| Current ratio | 0.47 | 0.52 | 0.30 | 0.34 | 0.53 | 0.55 | 0.49 | 0.49 | 0.51 | 0.46 | 0.62 | 12.43 |
| Quick ratio | 0.32 | 0.50 | 0.30 | 0.34 | 0.38 | 0.39 | 0.43 | 0.48 | 0.49 | 0.44 | 0.59 | 3.09 |
| Debt / equity | 0.32 | 0.31 | 0.30 | 0.30 | 0.27 | 0.26 | 0.25 | 0.25 | 0.25 | 0.25 | 0.49 | 0.16 |
| Equity / assets | 68.4% | 67.5% | 69.8% | 70.9% | 72.3% | 73.0% | 73.2% | 74.1% | 78.8% | 78.4% | 78.6% | 83.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 23, 2026); data from EODHD.
LAR financial position
At the end of fiscal 2025 (December 31, 2025), Lithium Argentina had total assets of $1.1 billion (down 3.0% from a year earlier), total liabilities of $282.3 million and shareholders' equity of $766.5 million. It held $61.0 million in cash and short-term investments against $233.7 million of debt, net debt of $172.7 million. Its current ratio was 0.30. In the latest quarter (ended June 30, 2026) total assets were $1.2 billion and equity $788.5 million.
Related: LAR income statement, LAR cash flow statement, LAR key metrics. See the LAR stock overview for the latest quote and news.
LAR balance sheet FAQ
What are Lithium Argentina's total assets?
Lithium Argentina reported total assets of $1.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.1 billion a year earlier.
How much debt does Lithium Argentina have?
Lithium Argentina had $233.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.30.
How much cash does Lithium Argentina have?
Lithium Argentina held $61.0 million in cash and short-term investments at the end of fiscal 2025; with $233.7 million of debt that is net debt of $172.7 million.
What is Lithium Argentina's book value?
Lithium Argentina's shareholders' equity (book value) was $766.5 million at the end of fiscal 2025, or $4.73 per share.
What is Lithium Argentina's current ratio?
Lithium Argentina had current assets of $84.6 million and current liabilities of $280.4 million, a current ratio of 0.30 (current liabilities exceed current assets).