Thor Explorations Ltd. (THX) — Working Capital to Net Assets Ratio
Thor Explorations Ltd. (THX) has a Working Capital to Net Assets ratio of 50.3% as of June 2026. Working capital of CA$230.82 Million (current assets of CA$255.13 Million minus current liabilities of CA$24.32 Million) is measured against net assets of CA$458.88 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See THX days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Thor Explorations Ltd. Working Capital to Net Assets (2001–2025)
This chart shows how Thor Explorations Ltd.'s Working Capital to Net Assets ratio has evolved across 25 annual periods from 2001 to 2025. As of June 2026, the ratio stands at 50.3%, reflecting working capital of CA$230.82 Million against net assets of CA$458.88 Million CAD. For the complete balance sheet picture, see balance sheet size of Thor Explorations Ltd..
Annual Working Capital to Net Assets for Thor Explorations Ltd. (2001–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Thor Explorations Ltd. from 2001 to 2025, covering 25 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check THX asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 43.4% | CA$164.75 Million | CA$380.01 Million | CA$186.66 Million | CA$21.91 Million | ▲ +49.6 pp |
| 2024 | -6.3% | CA$-12.66 Million | CA$201.25 Million | CA$57.70 Million | CA$70.37 Million | ▲ +55.6 pp |
| 2023 | -61.9% | CA$-91.62 Million | CA$147.94 Million | CA$75.87 Million | CA$167.49 Million | ▼ -14.1 pp |
| 2022 | -47.8% | CA$-41.52 Million | CA$86.78 Million | CA$37.29 Million | CA$78.81 Million | ▲ +54.9 pp |
| 2021 | -102.8% | CA$-77.25 Million | CA$75.17 Million | CA$30.18 Million | CA$107.43 Million | ▼ -123.6 pp |
| 2020 | 20.8% | CA$16.24 Million | CA$77.91 Million | CA$33.33 Million | CA$17.09 Million | ▲ +10.1 pp |
| 2019 | 10.8% | CA$5.66 Million | CA$52.58 Million | CA$6.75 Million | CA$1.09 Million | ▲ +11.3 pp |
| 2018 | -0.6% | CA$-246.54K | CA$42.83 Million | CA$2.15 Million | CA$2.40 Million | ▲ +7.4 pp |
| 2017 | -8.0% | CA$-2.63 Million | CA$33.10 Million | CA$297.06K | CA$2.93 Million | ▼ -11.6 pp |
| 2016 | 3.6% | CA$1.15 Million | CA$31.83 Million | CA$1.57 Million | CA$419.67K | ▲ +7.1 pp |
| 2015 | -3.5% | CA$-480.51K | CA$13.56 Million | CA$189.45K | CA$669.96K | ▼ -0.8 pp |
| 2014 | -2.8% | CA$-345.57K | CA$12.53 Million | CA$117.03K | CA$462.61K | ▼ -2.9 pp |
| 2013 | 0.2% | CA$21.01K | CA$12.42 Million | CA$351.87K | CA$330.86K | ▲ +1.5 pp |
| 2012 | -1.3% | CA$-131.55K | CA$10.00 Million | CA$275.11K | CA$406.66K | ▼ -15.1 pp |
| 2011 | 13.8% | CA$781.84K | CA$5.68 Million | CA$1.18 Million | CA$400.20K | ▼ -86.2 pp |
| 2010 | 100.0% | CA$2.90 Million | CA$2.90 Million | CA$2.91 Million | CA$14.92K | ▲ +0.0 pp |
| 2009 | 100.0% | CA$2.98 Million | CA$2.98 Million | CA$3.01 Million | CA$34.62K | ▲ +0.0 pp |
| 2008 | 100.0% | CA$1.74 Million | CA$1.74 Million | CA$1.76 Million | CA$22.45K | ▲ +6.9 pp |
| 2007 | 93.1% | CA$1.89 Million | CA$2.03 Million | CA$1.91 Million | CA$15.33K | ▲ +42.9 pp |
| 2006 | 50.1% | CA$140.50K | CA$280.21K | CA$153.67K | CA$13.18K | ▲ +84.5 pp |
| 2005 | -34.4% | CA$-34.05K | CA$99.02K | CA$2.13K | CA$36.17K | ▼ -89.6 pp |
| 2004 | 55.2% | CA$91.67K | CA$166.09K | CA$111.48K | CA$19.80K | ▲ +172.1 pp |
| 2003 | -116.9% | CA$-37.95K | CA$32.46K | CA$26.14K | CA$64.08K | ▼ -173.7 pp |
| 2002 | 56.8% | CA$56.45K | CA$99.30K | CA$78.15K | CA$21.71K | ▲ +72.0 pp |
| 2001 | -15.1% | CA$-23.45K | CA$155.12K | CA$26.21K | CA$49.66K | — |