Thor Explorations Ltd. (THX) - Total Assets
Based on the latest financial reports, Thor Explorations Ltd. (THX) holds total assets worth CA$407.08 Million CAD (≈ $294.48 Million USD) as of December 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. Check how aggressively does Thor Explorations Ltd. reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
Thor Explorations Ltd. - Total Assets Trend (2001–2025)
This chart illustrates how Thor Explorations Ltd.'s total assets have evolved over time, based on quarterly financial data. Explore how much of Thor Explorations Ltd.'s assets are long-term investments to see how much of total assets are deployed in long-term investments.
Thor Explorations Ltd. - Asset Composition Analysis
Current Asset Composition (December 2025)
Thor Explorations Ltd.'s total assets of CA$407.08 Million consist of 45.9% current assets and 54.2% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 33.8% |
| Accounts Receivable | CA$0.00 | 0.0% |
| Inventory | CA$37.20 Million | 9.1% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$62.00K | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2001–2025)
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. For live market cap, price, and company overview, see THX company net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Thor Explorations Ltd.'s current assets represent 45.9% of total assets in 2025, an increase from 12.8% in 2001.
- Cash Position: Cash and equivalents constituted 33.8% of total assets in 2025, up 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 9.1% 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 |
|---|---|---|
|
Barrick Mining Corporation
NYSE:B
|
USA | $52.76 Billion |
|
Wheaton Precious Metals Corp
TO:WPM
|
Canada | CA$9.85 Billion |
|
AngloGold Ashanti Ltd
JSE:ANG
|
South Africa | ZAC15.77 Billion |
|
Gold Fields Ltd ADR
NYSE:GFI
|
USA | $15.23 Billion |
|
Kinross Gold Corp
TO:K
|
Canada | CA$12.88 Billion |
|
Pan American Silver Corp
TO:PAAS
|
Canada | CA$9.72 Billion |
|
Coeur Mining Inc
NYSE:CDE
|
USA | $15.26 Billion |
|
Northern Star Resources Limited
F:NS7
|
Germany | €20.43 Billion |
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 | 8.52 | 0.82 | 1.19 |
| Quick Ratio | 6.82 | 0.24 | 1.19 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$164.75 Million | CA$-12.66 Million | CA$3.02 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 | 1.71 |
| Latest Market Cap to Assets Ratio | 1.46 |
| Asset Growth Rate (YoY) | 45.9% |
| Total Assets | CA$407.08 Million |
| Market Capitalization | $593.09 Million USD |
Valuation Analysis
Above Book Valuation: The market values Thor Explorations Ltd.'s assets above their book value (1.46x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Thor Explorations Ltd.'s assets grew by 45.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Thor Explorations Ltd. (2001–2025)
The table below shows the annual total assets of Thor Explorations Ltd. from 2001 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | CA$407.08 Million ≈ $294.48 Million |
+45.87% |
| 2024-12-31 | CA$279.07 Million ≈ $201.88 Million |
-18.32% |
| 2023-12-31 | CA$341.67 Million ≈ $247.16 Million |
+53.04% |
| 2022-12-31 | CA$223.25 Million ≈ $161.50 Million |
-15.19% |
| 2021-12-31 | CA$263.22 Million ≈ $190.41 Million |
+86.02% |
| 2020-12-31 | CA$141.51 Million ≈ $102.36 Million |
+163.45% |
| 2019-12-31 | CA$53.71 Million ≈ $38.85 Million |
+18.74% |
| 2018-12-31 | CA$45.23 Million ≈ $32.72 Million |
+25.47% |
| 2017-12-31 | CA$36.05 Million ≈ $26.08 Million |
+5.16% |
| 2016-12-31 | CA$34.28 Million ≈ $24.80 Million |
+140.37% |
| 2015-12-31 | CA$14.26 Million ≈ $10.32 Million |
+9.18% |
| 2014-12-31 | CA$13.06 Million ≈ $9.45 Million |
+1.47% |
| 2013-12-31 | CA$12.87 Million ≈ $9.31 Million |
+22.47% |
| 2012-12-31 | CA$10.51 Million ≈ $7.60 Million |
+72.99% |
| 2011-12-31 | CA$6.08 Million ≈ $4.40 Million |
+108.45% |
| 2010-12-31 | CA$2.92 Million ≈ $2.11 Million |
-3.17% |
| 2009-12-31 | CA$3.01 Million ≈ $2.18 Million |
+71.16% |
| 2008-12-31 | CA$1.76 Million ≈ $1.27 Million |
-14.14% |
| 2007-12-31 | CA$2.05 Million ≈ $1.48 Million |
+598.23% |
| 2006-12-31 | CA$293.38K ≈ $212.23K |
+117.01% |
| 2005-12-31 | CA$135.20K ≈ $97.80K |
-27.27% |
| 2004-12-31 | CA$185.90K ≈ $134.48K |
+92.54% |
| 2003-12-31 | CA$96.55K ≈ $69.84K |
-20.21% |
| 2002-12-31 | CA$121.00K ≈ $87.53K |
-40.91% |
| 2001-12-31 | CA$204.78K ≈ $148.13K |
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About 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.