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Thor ExplorationsTHXPF +2.98%35 Equity-to-Asset is 0.94 as of Jun. 2026, which is 11% above its 10-year median of 0.85. GuruFocus rates THXPF with a GF Score™ of 35/100 and a GF Value™ of $0.54 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,672 Metals & Mining companies, Thor Explorations ranks better than 75.22% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Thor Explorations's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $458.9 Mil. Thor Explorations's Total Assets for the quarter that ended in Jun. 2026 was $488.3 Mil.
Therefore, Thor Explorations's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.94.
The historical rank and industry rank for Thor Explorations's Equity-to-Asset or its related term are showing as below:
THXPF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.85 Max: 0.98
Current: 0.94
During the past 13 years, the highest Equity to Asset Ratio of Thor Explorations was 0.98. The lowest was 0.28. And the median was 0.85.
THXPF's Equity-to-Asset is ranked better than 75.22% of 2672
companies
in the Metals & Mining industry
Industry Median: 0.8
vs THXPF: 0.94
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Thor Explorations Equity-to-Asset Related Terms
Thor Explorations Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Thor Explorations's Equity-to-Asset 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 Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thor Explorations's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Thor Explorations's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Thor Explorations's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (THXPF) has a Equity-to-Asset of 0.94 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Thor Explorations and its competitors. This is 11% above median its historical median of 0.85. Over the past decade, Thor Explorations' Equity-to-Asset has ranged from 0.28 to 0.98. According to the industry distribution chart, Thor Explorations ranks #662 out of 2672 companies in the Metals & Mining industry, placing it in the top 24.8%.
Is Thor Explorations' Equity-to-Asset too high?
Thor Explorations' current Equity-to-Asset of 0.94 is 11% above median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.98. The Metals & Mining industry median Equity-to-Asset is 0.80. Thor Explorations' value of 0.94 is 17.5% above this industry median. Based on the distribution chart, Thor Explorations ranks #662 out of 2672 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 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thor Explorations' Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Thor Explorations ranks #662 out of 2672 companies for Equity-to-Asset. This places Thor Explorations in the top 25% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.80. Thor Explorations' value of 0.94 is 17.5% above this benchmark. Historically, Thor Explorations' own Equity-to-Asset has ranged from 0.28 to 0.98 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.80, 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 Equity-to-Asset for a Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.80, based on 2,672 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thor Explorations's current Equity-to-Asset of 0.94 is 17.5% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Thor Explorations and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Explorations's current Equity-to-Asset is 0.94, which is 11% above median its own 10-year median of 0.85. 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 (THXPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.54, compared to a current price of $0.99 — trading 83.5% above its estimated fair value. The current Equity-to-Asset is 0.94, which is 11% above median its 10-year median of 0.85 and 17.5% above the Metals & Mining industry median of 0.80. Thor Explorations' overall GF Score™ is 35/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Thor Explorations (THXPF), the current Equity-to-Asset is 0.94 as of Jun. 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 (THXPF) Overvalued in 2026?
Based on GuruFocus' analysis, Thor Explorations stock appears to be overvalued.
The current stock price of $0.99 is trading 83.5% above its estimated GF Value™ of $0.54.
GuruFocus considers Thor Explorations to be Significantly Overvalued.
Key valuation signals for THXPF:
Equity-to-Asset: 0.94 (11% above median its 10-year median of 0.85)
GF Value™: $0.54 vs. price of $0.99 (83.5% above fair value)
Industry Position: 17.5% above the Metals & Mining median (#662 of 2672)
No single metric tells the full story. See the THXPF 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.
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