Thor Explorations (LSE:THX) Cash-to-Debt : 0.10 (As of Mar. 2024)

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What is Thor Explorations Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Thor Explorations's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.10.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Thor Explorations couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Thor Explorations's Cash-to-Debt or its related term are showing as below:

LSE:THX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 5027.79 Max: No Debt
Current: 0.22

During the past 13 years, Thor Explorations's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 5027.79.

LSE:THX's Cash-to-Debt is ranked worse than
83.45% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.62 vs LSE:THX: 0.22

Thor Explorations Cash-to-Debt Historical Data

The historical data trend for Thor Explorations's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Thor Explorations Cash-to-Debt Chart

Thor Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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55.37

1.37

0.02

0.15

0.22

Thor Explorations Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.27	0.21	0.22	0.10

Competitive Comparison of Thor Explorations's Cash-to-Debt

For the Gold subindustry, Thor Explorations's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Thor Explorations's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Thor Explorations's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Thor Explorations's Cash-to-Debt falls into.

Thor Explorations Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Thor Explorations's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6.194	/	(22.174	+	5.679)
	=	0.22

Thor Explorations's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2.179	/	(16.697	+	4.932)
	=	0.10

Thor Explorations (LSE:THX) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Thor Explorations Cash-to-Debt Related Terms

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Thor Explorations (LSE:THX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thor Explorations Ltd (LSE:THX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

THXPF:USA T2X:Germany T2X:Germany THX:Canada

Address

1075 West Georgia Street, Suite 220, Vancouver, BC, CAN, V6EC9

Website

https://www.thorexpl.com

Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project located in south-eastern Senegal. It also holds a 100% interest in the Bongui and Legue gold permits located in Hounde greenstone belt, southwest Burkina Faso. It has three reportable segments, the Segilola Mine Project, Exploration Projects, and Corporate.

Thor Explorations (LSE:THX) Headlines

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