Thor Explorations Balance Sheet Health
Financial Health criteria checks 4/6
Thor Explorations has a total shareholder equity of $149.8M and total debt of $10.2M, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are $268.1M and $118.3M respectively. Thor Explorations's EBIT is $48.2M making its interest coverage ratio 4.1. It has cash and short-term investments of $7.5M.
Key information
6.8%
Debt to equity ratio
US$10.23m
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$7.53m |
| Equity | US$149.84m |
| Total liabilities | US$118.26m |
| Total assets | US$268.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THX's short term assets ($54.4M) do not cover its short term liabilities ($107.1M).
Long Term Liabilities: THX's short term assets ($54.4M) exceed its long term liabilities ($11.2M).
Debt to Equity History and Analysis
Debt Level: THX's net debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: THX's debt to equity ratio has increased from 0% to 6.8% over the past 5 years.
Debt Coverage: THX's debt is well covered by operating cash flow (491.4%).
Interest Coverage: THX's interest payments on its debt are well covered by EBIT (4.1x coverage).