Thor Explorations Balance Sheet Health
Financial Health criteria checks 3/6
Thor Explorations has a total shareholder equity of $123.0M and total debt of $17.0M, which brings its debt-to-equity ratio to 13.8%. Its total assets and total liabilities are $259.7M and $136.7M respectively. Thor Explorations's EBIT is $36.1M making its interest coverage ratio 2.9. It has cash and short-term investments of $2.8M.
Key information
13.8%
Debt to equity ratio
US$17.03m
Debt
Interest coverage ratio | 2.9x |
Cash | US$2.77m |
Equity | US$123.00m |
Total liabilities | US$136.68m |
Total assets | US$259.68m |
Recent financial health updates
Recent updates
Analyst 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 ($54.0M) do not cover its short term liabilities ($120.4M).
Long Term Liabilities: THX's short term assets ($54.0M) exceed its long term liabilities ($16.3M).
Debt to Equity History and Analysis
Debt Level: THX's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: THX's debt to equity ratio has increased from 0% to 13.8% over the past 5 years.
Debt Coverage: THX's debt is well covered by operating cash flow (316.6%).
Interest Coverage: THX's interest payments on its debt are not well covered by EBIT (2.9x coverage).