Thor Explorations Ltd. (THX) — Working Capital to Net Assets Ratio
Thor Explorations Ltd. (THX) has a Working Capital to Net Assets ratio of 43.4% as of December 2025. Working capital of CA$164.75 Million (current assets of CA$186.66 Million minus current liabilities of CA$21.91 Million) is measured against net assets of CA$380.01 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See THX equity financing ratio to measure how much of total assets are equity-financed.
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 December 2025, the ratio stands at 43.4%, reflecting working capital of CA$164.75 Million against net assets of CA$380.01 Million CAD. Check Thor Explorations Ltd. tangible equity quality to evaluate the tangible quality of the company's equity base.
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. For live market cap and the full company profile, see market value of Thor Explorations Ltd..
| 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 | — |