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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THXP.F's short term assets ($56.2M) do not cover its short term liabilities ($97.2M).
Long Term Liabilities: THXP.F's short term assets ($56.2M) exceed its long term liabilities ($8.6M).
Debt to Equity History and Analysis
Debt Level: THXP.F has more cash than its total debt.
Reducing Debt: THXP.F's debt to equity ratio has increased from 0% to 2.8% over the past 5 years.
Debt Coverage: THXP.F's debt is well covered by operating cash flow (1186.1%).
Interest Coverage: THXP.F's interest payments on its debt are well covered by EBIT (5.9x coverage).