Sigma Lithium Corp
SGML · Metal Mining · EDGAR filings ↗
Grade
D45Brazilian lithium producer squeezed by falling prices, high leverage, and weak liquidity despite operating cash generation.
Strengths
- Positive operating cash margin (2.2%, 61st pct) and ROA percentile (66th) relatively favorable within metal mining
- Producing hard-rock lithium asset with reserves
Risks
- Revenue -27% (11th pct), net margin -46%, ROE -88.6% (14th pct) amid weak lithium prices
- Debt-to-equity 2.48 (100th pct) and current ratio 0.25 (36th pct) with thin cash ($6.2M)
Notable findings
- High leverageHigh leverage (debt/equity 2.48)
- Net lossNet loss (net margin -45.6%)
- Cash burnNegative free cash flow (-7.4M)
- Weak liquidityCurrent ratio 0.25 (<1)
- Revenue declineRevenue -27.3% YoY
Key metrics
Gross margin
16.7%
Operating margin
-38.6%
Net margin
-45.6%
Return on equity
-88.6%
Return on assets
-17.1%
ROIC
-17.0%
Revenue growth (QoQ)
-27.3%
Debt / equity
2.5×
Interest coverage
1.6×
Current ratio
0.2×
Free cash flow
-$7M
Tangible book value
$57M
Cash & investments
$6M
Cash runway
3q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-30 | 2025-12-31 | 0001292814-26-001908 ↗ |
| 40-F | 2025-03-31 | 2024-12-31 | 0001171843-25-001837 ↗ |
| 40-F | 2024-05-01 | 2023-12-31 | 0001104659-24-055720 ↗ |
| 40-F | 2023-06-13 | 2022-12-31 | 0001104659-23-070502 ↗ |
| 40-F | 2022-04-04 | 2021-12-31 | 0001104659-22-041905 ↗ |