Laredo Oil, Inc.
LRDC · Crude Petroleum & Natural Gas · 78.9M shares · +0%/yr ↑ shares · EDGAR filings ↗
Grade
F35Pre-commercial enhanced-oil-recovery micro-cap with $83K cash, almost no revenue and deeply negative margins.
Strengths
- Raised equity during the year and reported some asset-sale other income
- Holds Montana mineral acreage and UGD method optionality
Risks
- Non-viable liquidity: current ratio 0.02, net margin -338%, operating margin -353%, interest coverage -6.8
- Revenue down 74%; flagship wells shut-in/impaired; ROE (89th pct) is a negative-equity artifact
Notable findings
- No interest coverageInterest coverage -6.79 (cannot cover interest)
- Net lossNet loss (net margin -33767.1%)
- Weak liquidityCurrent ratio 0.02 (<1)
- Revenue declineRevenue -100.0% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
100.0%
Operating margin
-35258.7%
Net margin
-33767.1%
Return on equity
25.3%
Return on assets
-219.7%
Revenue growth (QoQ)
-100.0%
Interest coverage
-6.8×
Current ratio
0.0×
Tangible book value
-$13M
Cash & investments
$83K
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2025-06-17 | Material agreementExhibits | filing ↗ |
| 2024-06-17 | Auditor change | filing ↗ |
| 2024-05-09 | Auditor changeExhibits | filing ↗ |
| 2024-03-12 | Material agreementExhibits | filing ↗ |
| 2024-01-25 | Material agreementExhibits | filing ↗ |
| 2023-12-21 | Other | filing ↗ |
| 2023-12-12 | Material agreementDebt obligation | filing ↗ |
| 2023-07-24 | Material agreementExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-04-14 | 2026-02-28 | 0001199835-26-000107 ↗ |
| 10-Q | 2026-01-20 | 2025-11-30 | 0001199835-26-000025 ↗ |
| 10-Q | 2025-10-20 | 2025-08-31 | 0001199835-25-000350 ↗ |
| 10-K | 2025-09-15 | 2025-05-31 | 0001199835-25-000313 ↗ |
| 8-K | 2025-06-17 | 2025-05-20 | 0001199835-25-000212 ↗ |
| 10-Q | 2025-04-21 | 2025-02-28 | 0001199835-25-000126 ↗ |
| 10-Q | 2025-01-17 | 2024-11-30 | 0001199835-25-000025 ↗ |
| 10-Q | 2024-10-21 | 2024-08-31 | 0001199835-24-000457 ↗ |
| 10-K/A | 2024-10-02 | 2024-05-31 | 0001199835-24-000442 ↗ |
| 10-K | 2024-09-30 | 2024-05-31 | 0001199835-24-000423 ↗ |
| 8-K | 2024-06-17 | 2024-06-12 | 0001199835-24-000225 ↗ |
| 8-K | 2024-05-09 | 2024-05-03 | 0001199835-24-000180 ↗ |