Thor Explorations Balance Sheet Health
Financial Health criteria checks 3/6
Thor Explorations has a total shareholder equity of $101.0M and total debt of $27.6M, which brings its debt-to-equity ratio to 27.4%. Its total assets and total liabilities are $237.1M and $136.1M respectively. Thor Explorations's EBIT is $35.3M making its interest coverage ratio 2.7. It has cash and short-term investments of $8.3M.
Key information
27.4%
Debt to equity ratio
US$27.64m
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$8.26m |
| Equity | US$101.03m |
| Total liabilities | US$136.06m |
| Total assets | US$237.09m |
Recent financial health updates
Recent updates
Here's Why We Think Thor Explorations (CVE:THX) Might Deserve Your Attention Today
Apr 02
Cautious 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 ($49.6M) do not cover its short term liabilities ($109.2M).
Long Term Liabilities: THX's short term assets ($49.6M) exceed its long term liabilities ($26.8M).
Debt to Equity History and Analysis
Debt Level: THX's net debt to equity ratio (19.2%) is considered satisfactory.
Reducing Debt: THX's debt to equity ratio has increased from 0% to 27.4% over the past 5 years.
Debt Coverage: THX's debt is well covered by operating cash flow (300.9%).
Interest Coverage: THX's interest payments on its debt are not well covered by EBIT (2.7x coverage).