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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T2X's short term assets ($49.6M) do not cover its short term liabilities ($109.2M).
Long Term Liabilities: T2X's short term assets ($49.6M) exceed its long term liabilities ($26.8M).
Debt to Equity History and Analysis
Debt Level: T2X's net debt to equity ratio (19.2%) is considered satisfactory.
Reducing Debt: T2X's debt to equity ratio has increased from 0% to 27.4% over the past 5 years.
Debt Coverage: T2X's debt is well covered by operating cash flow (300.9%).
Interest Coverage: T2X's interest payments on its debt are not well covered by EBIT (2.7x coverage).