Thor Explorations Balance Sheet Health
Financial Health criteria checks 4/6
Thor Explorations has a total shareholder equity of $167.7M and total debt of $4.7M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are $273.5M and $105.8M respectively. Thor Explorations's EBIT is $63.9M making its interest coverage ratio 5.9. It has cash and short-term investments of $5.2M.
Key information
2.8%
Debt to equity ratio
US$4.69m
Debt
| Interest coverage ratio | 5.9x |
| Cash | US$5.19m |
| Equity | US$167.69m |
| Total liabilities | US$105.78m |
| Total assets | US$273.47m |
Recent financial health updates
Recent updates
Thor Explorations' (CVE:THX) Conservative Accounting Might Explain Soft Earnings
Sep 05
Investors Still Aren't Entirely Convinced By Thor Explorations Ltd.'s (CVE:THX) Earnings Despite 27% Price Jump
Aug 27Analyst Forecasts For Thor Explorations Ltd. (CVE:THX) Are Surging Higher
May 02Here's Why We Think Thor Explorations (CVE:THX) Might Deserve Your Attention Today
Apr 02Cautious Investors Not Rewarding Thor Explorations Ltd.'s (CVE:THX) Performance Completely
Feb 23Thor Explorations (CVE:THX) Seems To Use Debt Quite Sensibly
Oct 23Investors Should Be Encouraged By Thor Explorations' (CVE:THX) Returns On Capital
Oct 03Thor Explorations Ltd. Just Beat Revenue By 5.6%: Here's What Analysts Think Will Happen Next
Aug 28We Ran A Stock Scan For Earnings Growth And Thor Explorations (CVE:THX) Passed With Ease
Aug 06Thor Explorations Ltd.'s (CVE:THX) Revenues Are Not Doing Enough For Some Investors
Jul 13We Like These Underlying Return On Capital Trends At Thor Explorations (CVE:THX)
Nov 08Thor Explorations' (CVE:THX) Profits Appear To Have Quality Issues
Sep 06Financial Position Analysis
Short Term Liabilities: THX's short term assets ($56.2M) do not cover its short term liabilities ($97.2M).
Long Term Liabilities: THX's short term assets ($56.2M) exceed its long term liabilities ($8.6M).
Debt to Equity History and Analysis
Debt Level: THX has more cash than its total debt.
Reducing Debt: THX's debt to equity ratio has increased from 0% to 2.8% over the past 5 years.
Debt Coverage: THX's debt is well covered by operating cash flow (1186.1%).
Interest Coverage: THX's interest payments on its debt are well covered by EBIT (5.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/17 07:43 |
| End of Day Share Price | 2025/01/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Thor Explorations Ltd. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Samuel Catalano | Canaccord Genuity |
| Alexander Bedwany | Canaccord Genuity |
| Roger Bell | Hannam & Partners (Advisory) LLP |