Thor Explorations (TSXV:THX) Debt-to-Asset : 0.11 (As of Mar. 2024)

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What is Thor Explorations Debt-to-Asset?

Thor Explorations's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$28.7 Mil. Thor Explorations's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$8.5 Mil. Thor Explorations's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$351.5 Mil. Thor Explorations's debt to asset for the quarter that ended in Mar. 2024 was 0.11.

Thor Explorations Debt-to-Asset Historical Data

The historical data trend for Thor Explorations's Debt-to-Asset 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.

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Thor Explorations Debt-to-Asset Chart

Thor Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.15

0.34

0.19

0.14

Thor Explorations Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.19	0.18	0.17	0.14	0.11

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

For the Gold subindustry, Thor Explorations's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

Thor Explorations Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Thor Explorations's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(37.656	+	9.643)	/	347.627
	=	0.14

Thor Explorations's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(28.718	+	8.483)	/	351.503
	=	0.11

Thor Explorations (TSXV:THX) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Thor Explorations Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Thor Explorations's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Thor Explorations (TSXV:THX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

THXPF:USA THX:UK T2X:Germany

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 (TSXV:THX) Headlines

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