Thor Explorations Ltd
Thor Explorations Ltd., together with its subsidiaries, operates as a gold producer and explorer. The company also explores for silver deposits. Its flagship property is the Segilola Gold Project in Nigeria. Thor Explorations Ltd. was incorporated in 1968 and is based in Vancouver, Canada.
Thor Explorations Ltd (THXPF) - Total Assets
Latest total assets as of September 2025: $346.41 Million USD
Based on the latest financial reports, Thor Explorations Ltd (THXPF) holds total assets worth $346.41 Million USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Thor Explorations Ltd - Total Assets Trend (2001–2024)
This chart illustrates how Thor Explorations Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Thor Explorations Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Thor Explorations Ltd's total assets of $346.41 Million consist of 20.7% current assets and 79.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 4.3% |
| Accounts Receivable | $377.00K | 0.1% |
| Inventory | $41.08 Million | 14.7% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $134.00K | 0.1% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2001–2024)
This chart illustrates how Thor Explorations Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Thor Explorations Ltd's current assets represent 20.7% of total assets in 2024, an increase from 12.8% in 2001.
- Cash Position: Cash and equivalents constituted 4.3% of total assets in 2024, down from 12.6% in 2001.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2001.
- Asset Diversification: The largest asset category is inventory at 14.7% of total assets.
Thor Explorations Ltd Competitors by Total Assets
Key competitors of Thor Explorations Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Gold Royalty Corp.
NYSE MKT:GROY
|
USA | $740.52 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
Gold Fields Limited
PINK:GFIOF
|
USA | $10.14 Billion |
|
Guskin Gold Corp
PINK:GKIN
|
USA | $168.97K |
|
Kapa Gold Inc.
V:KAPA
|
Canada | CA$3.56 Million |
|
Mining Global Inc
PINK:MNGG
|
USA | $13.14K |
|
Matmown Inc
PINK:MTMW
|
USA | $1.29 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
Thor Explorations Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Thor Explorations Ltd generates 0.69x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, Thor Explorations Ltd generates $ 32.67 in net profit.
Thor Explorations Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 4.79 | 0.58 | 1.95 |
| Quick Ratio | 3.30 | 0.13 | 1.95 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $96.62 Million | $ -40.98 Million | $ 16.24 Million |
Thor Explorations Ltd - Advanced Valuation Insights
This section examines the relationship between Thor Explorations Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.39 |
| Latest Market Cap to Assets Ratio | 0.55 |
| Asset Growth Rate (YoY) | 7.7% |
| Total Assets | $279.07 Million |
| Market Capitalization | $152.89 Million USD |
Valuation Analysis
Below Book Valuation: The market values Thor Explorations Ltd's assets below their book value (0.55 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Thor Explorations Ltd's assets grew by 7.7% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Thor Explorations Ltd (2001–2024)
The table below shows the annual total assets of Thor Explorations Ltd from 2001 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $279.07 Million | +7.70% |
| 2023-12-31 | $259.11 Million | +16.06% |
| 2022-12-31 | $223.25 Million | -15.19% |
| 2021-12-31 | $263.22 Million | +86.02% |
| 2020-12-31 | $141.51 Million | +163.45% |
| 2019-12-31 | $53.71 Million | +18.74% |
| 2018-12-31 | $45.23 Million | +25.47% |
| 2017-12-31 | $36.05 Million | +5.16% |
| 2016-12-31 | $34.28 Million | +140.37% |
| 2015-12-31 | $14.26 Million | +9.18% |
| 2014-12-31 | $13.06 Million | +1.47% |
| 2013-12-31 | $12.87 Million | +22.47% |
| 2012-12-31 | $10.51 Million | +72.99% |
| 2011-12-31 | $6.08 Million | +108.45% |
| 2010-12-31 | $2.92 Million | -3.17% |
| 2009-12-31 | $3.01 Million | +71.16% |
| 2008-12-31 | $1.76 Million | -14.14% |
| 2007-12-31 | $2.05 Million | +598.23% |
| 2006-12-31 | $293.38K | +117.01% |
| 2005-12-31 | $135.20K | -27.27% |
| 2004-12-31 | $185.90K | +92.54% |
| 2003-12-31 | $96.55K | -20.21% |
| 2002-12-31 | $121.00K | -40.91% |
| 2001-12-31 | $204.78K | -- |