Thor Explorations (LSE:THX) Debt-to-Equity : 0.22 (As of Mar. 2024)

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What is Thor Explorations Debt-to-Equity?

Thor Explorations's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £16.7 Mil. Thor Explorations's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £4.9 Mil. Thor Explorations's Total Stockholders Equity for the quarter that ended in Mar. 2024 was £96.8 Mil. Thor Explorations's debt to equity for the quarter that ended in Mar. 2024 was 0.22.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

LSE:THX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.31 Max: 1.23
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of Thor Explorations was 1.23. The lowest was 0.00. And the median was 0.31.

LSE:THX's Debt-to-Equity is ranked worse than
65.51% of 1302 companies
in the Metals & Mining industry
Industry Median: 0.13 vs LSE:THX: 0.31

Thor Explorations Debt-to-Equity Historical Data

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

* Premium members only.

Thor Explorations Debt-to-Equity Chart

Thor Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.27

1.23

0.44

0.31

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-Equity	Get a 7-Day Free Trial															0.47	0.41	0.40	0.31	0.22

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

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

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

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

Thor Explorations Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(22.174	+	5.679)	/	88.634
	=	0.31

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(16.697	+	4.932)	/	96.801
	=	0.22

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Thor Explorations Debt-to-Equity Related Terms

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

Thor Explorations (LSE:THX) Business Description

Industry

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

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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