Thor ExplorationsTSXV:THX -1.87%43 Current Ratio is 9.15 as of Mar. 2026, which is 1400% above its 10-year median of 0.61. GuruFocus rates TSXV:THX with a GF Score™ of 43/100 and a GF Value™ of C$0.71 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,638 Metals & Mining companies, Thor Explorations ranks better than 77.03% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Thor Explorations's current ratio for the quarter that ended in Mar. 2026 was 9.15.
Thor Explorations has a current ratio of 9.15. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Thor Explorations's Current Ratio or its related term are showing as below:
TSXV:THX'
s Current Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.61 Max: 9.15
Current: 9.15
During the past 13 years, Thor Explorations's highest Current Ratio was 9.15. The lowest was 0.10. And the median was 0.61.
TSXV:THX's Current Ratio is ranked better than 77.03% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.62
vs TSXV:THX: 9.15
Thor Explorations (TSXV:THX) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thor Explorations Current Ratio Related Terms
Thor Explorations Current Ratio Historical Data
* Premium members only.
The historical data trend for Thor Explorations's Current Ratio 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.
For the Gold subindustry, Thor Explorations's Current Ratio, along with its competitors' market caps and Current Ratio 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 Current Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thor Explorations's Current Ratio distribution charts can be found below:
* The bar in red indicates where Thor Explorations's Current Ratio falls into.
* 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.
Thor Explorations (TSXV:THX) has a Current Ratio of 9.15 as of Mar. 2026. This is 1400% above median its historical median of 0.61. Over the past decade, Thor Explorations' Current Ratio has ranged from 0.10 to 9.15. According to the industry distribution chart, Thor Explorations ranks #606 out of 2638 companies in the Metals & Mining industry, placing it in the top 23%.
Is Thor Explorations' Current Ratio too high?
Thor Explorations' current Current Ratio of 9.15 is 1400% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 9.15. The Metals & Mining industry median Current Ratio is 2.62. Thor Explorations' value of 9.15 is 249.2% above this industry median. Based on the distribution chart, Thor Explorations ranks #606 out of 2638 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Thor Explorations has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thor Explorations' Current Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Thor Explorations ranks #606 out of 2638 companies for Current Ratio. This places Thor Explorations in the top 23% of its industry — outperforming the majority of peers. The industry median Current Ratio is 2.62. Thor Explorations' value of 9.15 is 249.2% above this benchmark. Historically, Thor Explorations' own Current Ratio has ranged from 0.10 to 9.15 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 2.62, Thor Explorations has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Metals & Mining company?
The median Current Ratio among Metals & Mining companies is 2.62, based on 2,638 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thor Explorations's current Current Ratio of 9.15 is 249.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Metals & Mining industry, the median Current Ratio is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Explorations's current Current Ratio is 9.15, which is 1400% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thor Explorations stock overvalued right now?
Based on GuruFocus' analysis, Thor Explorations (TSXV:THX) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.71, compared to a current price of C$1.05 — trading 47.9% above its estimated fair value. The current Current Ratio is 9.15, which is 1400% above median its 10-year median of 0.61 and 249.2% above the Metals & Mining industry median of 2.62. Thor Explorations' overall GF Score™ is 43/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Thor Explorations (TSXV:THX), the current Current Ratio is 9.15 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thor Explorations (TSXV:THX) Overvalued in 2026?
Based on GuruFocus' analysis, Thor Explorations stock appears to be overvalued.
The current stock price of C$1.05 is trading 47.9% above its estimated GF Value™ of C$0.71.
GuruFocus considers Thor Explorations to be Significantly Overvalued.
Key valuation signals for TSXV:THX:
Current Ratio: 9.15 (1400% above median its 10-year median of 0.61)
GF Value™: C$0.71 vs. price of C$1.05 (47.9% above fair value)
Industry Position: 249.2% above the Metals & Mining median (#606 of 2638)
No single metric tells the full story. See the TSXV:THX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration, development, and production of mineral properties located in Nigeria, Senegal, and Cote d'Ivoire. Its project portfolio includes the Segilola Gold Project located in Osun State, Nigeria; the Douta Gold Project located in south-eastern Senegal; and the Guitry Gold Project Cote d'Ivoire. Additionally, the company has entered into two further option agreements to earn the majority interest in the Marahui and Boundiali Exploration licences. Thor Explorations derives revenue mainly from the sale of gold and silver, of which substantial revenue is generated from gold. The company's operations comprise three reportable segments: the Segilola Mine Project, Exploration Projects, and Corporate.
43GF Score
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