Thor Explorations (TSXV:THX) Effective Interest Rate on Debt %: 15.71% (As of Mar. 2026)

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TSXV:THX Thor Explorations Ltd TSXV:THX
44 GF Score
Price C$1.09
GF Value C$0.71
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Thor Explorations Effective Interest Rate on Debt %?

Thor Explorations TSXV:THX -4.39% 44 Effective Interest Rate on Debt % is 15.71% as of Mar. 2026. GuruFocus rates TSXV:THX with a GF Score™ of 44/100 and a GF Value™ of C$0.71 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Thor Explorations's annualized positive value of Interest Expense for the quarter that ended in Mar. 2026 was C$0.4 Mil. Thor Explorations's average total debt for the quarter that ended in Mar. 2026 was C$2.7 Mil. Therefore, Thor Explorations's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 was 15.71%.


Thor Explorations  (TSXV:THX) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Thor Explorations Effective Interest Rate on Debt % Related Terms


Thor Explorations Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Thor Explorations's Effective Interest Rate on Debt % 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.

Thor Explorations Effective Interest Rate on Debt % Chart

Thor Explorations Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 25.87 19.73 27.21 9.07

Thor Explorations Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.13 19.31 9.19 -66.42 15.71

TSXV:THX vs NEM, AU: Effective Interest Rate on Debt % Comparison

For the Gold subindustry, Thor Explorations's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Thor Explorations's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Thor Explorations's Effective Interest Rate on Debt % falls into.


TSXV:THX
44GF Score
Thor Explorations Ltd TSXV:THX
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Thor Explorations Effective Interest Rate on Debt % Calculation

Thor Explorations's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2024 )+Total Debt  (A: Dec. 2025 ))/ count )
=-1  *  -0.628/( (10.272+3.58)/ 2 )
=-1  *  -0.628/6.926
=9.07 %

where

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.408 + 6.864
=10.272

Total Debt  (A: Dec. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.062 + 3.518
=3.58

Thor Explorations's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2025 )+Total Debt  (Q: Mar. 2026 ))/ count )
=-1  *  -0.432/( (3.58+1.919)/ 2 )
=-1  *  -0.432/2.7495
=15.71 %

where

Total Debt  (Q: Dec. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.062 + 3.518
=3.58

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2026) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 15.71% mean?
Thor Explorations (TSXV:THX) has a Effective Interest Rate on Debt % of 15.71% as of Mar. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Thor Explorations and its competitors.
Is Thor Explorations' Effective Interest Rate on Debt % too high?
Thor Explorations' current Effective Interest Rate on Debt % is 15.71%. Overall, Thor Explorations has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thor Explorations' Effective Interest Rate on Debt % compare to NEM and AU?
Thor Explorations' Effective Interest Rate on Debt % of 15.71% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Metals & Mining company?
A good Effective Interest Rate on Debt % depends on the Metals & Mining industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Thor Explorations and its competitors. Thor Explorations's current Effective Interest Rate on Debt % is 15.71%. 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$1.09 — trading 53.5% above its estimated fair value. The current Effective Interest Rate on Debt % is 15.71%. Thor Explorations' overall GF Score™ is 44/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Thor Explorations (TSXV:THX), the current Effective Interest Rate on Debt % is 15.71% 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$1.09 is trading 53.5% above its estimated GF Value™ of C$0.71. GuruFocus considers Thor Explorations to be Significantly Overvalued.

Key valuation signals for TSXV:THX:

  • Effective Interest Rate on Debt %: 15.71%
  • GF Value™: C$0.71 vs. price of C$1.09 (53.5% above fair value)
  • GF Score™: 44/100 with 1 warning sign

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 Business Description

Other Exchanges THXPF:USATHX:UKT2X:Germany
Address 119 West Pender Street, No. 404, Vancouver, BC, CAN, V6B 1S5
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.
44GF Score

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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$1.09
Price
C$0.71
GF Value