Thor Explorations Balance Sheet Health
Financial Health criteria checks 3/6
Thor Explorations has a total shareholder equity of $112.2M and total debt of $23.8M, which brings its debt-to-equity ratio to 21.2%. Its total assets and total liabilities are $259.1M and $146.9M respectively. Thor Explorations's EBIT is $27.1M making its interest coverage ratio 2.1. It has cash and short-term investments of $7.8M.
Key information
21.2%
Debt to equity ratio
US$23.77m
Debt
Interest coverage ratio | 2.1x |
Cash | US$7.84m |
Equity | US$112.19m |
Total liabilities | US$146.92m |
Total assets | US$259.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THXP.F's short term assets ($57.5M) do not cover its short term liabilities ($127.0M).
Long Term Liabilities: THXP.F's short term assets ($57.5M) exceed its long term liabilities ($19.9M).
Debt to Equity History and Analysis
Debt Level: THXP.F's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: THXP.F's debt to equity ratio has increased from 0% to 21.2% over the past 5 years.
Debt Coverage: THXP.F's debt is well covered by operating cash flow (268.6%).
Interest Coverage: THXP.F's interest payments on its debt are not well covered by EBIT (2.1x coverage).