Thor ExplorationsTSXV:THX -1.87%43 Interest Coverage is 585.32 as of Mar. 2026, which is 5216% above its 10-year median of 11.01. 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 1,320 Metals & Mining companies, Thor Explorations ranks worse than 75757.5% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Thor Explorations's
Operating Income
for the
three
months ended in Mar. 2026 was C$63.2 Mil. Thor Explorations's Interest Expense for the
three
months ended in Mar. 2026 was C$-0.1 Mil.
Thor Explorations's interest coverage for the quarter that ended in Mar. 2026 was 585.32.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Thor Explorations Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Thor Explorations's Interest Coverage or its related term are showing as below:
TSXV:THX's Interest Coverage is not ranked *
in the Metals & Mining industry.
Industry Median: No Debt * Ranked among companies with meaningful Interest Coverage only.
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Thor Explorations Interest Coverage Related Terms
Thor Explorations Interest Coverage Historical Data
* Premium members only.
The historical data trend for Thor Explorations's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Gold subindustry, Thor Explorations's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thor Explorations's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Thor Explorations's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 585.32 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Thor Explorations and its competitors. This is 5216% above median its historical median of 11.01. Over the past decade, Thor Explorations' Interest Coverage has ranged from 3.46 to 438.62. According to the industry distribution chart, Thor Explorations ranks #999999 out of 1320 companies in the Metals & Mining industry.
Is Thor Explorations' Interest Coverage too high?
Thor Explorations' current Interest Coverage of 585.32 is 5216% above median its 10-year median of 11.01. Over the past 10 years, this metric has ranged from a low of 3.46 to a high of 438.62. The Metals & Mining industry median Interest Coverage is 10,000.00. Thor Explorations' value of 585.32 is 94.1% below this industry median. Based on the distribution chart, Thor Explorations ranks #999999 out of 1320 companies in the Metals & Mining industry, which is in the bottom quartile 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' Interest Coverage compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Thor Explorations ranks #999999 out of 1320 companies for Interest Coverage. This places Thor Explorations in the lower half of its industry. The industry median Interest Coverage is 10,000.00. Thor Explorations' value of 585.32 is 94.1% below this benchmark. Historically, Thor Explorations' own Interest Coverage has ranged from 3.46 to 438.62 over the past decade. While the company's 10-year median is 11.01 vs. the industry median of 10,000.00, Thor Explorations has consistently been below 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 Interest Coverage for a Metals & Mining company?
The median Interest Coverage among Metals & Mining companies is 10,000.00, based on 1,320 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thor Explorations's current Interest Coverage of 585.32 is 94.1% below 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Thor Explorations and its competitors. For the Metals & Mining industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Explorations's current Interest Coverage is 585.32, which is 5216% above median its own 10-year median of 11.01. 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 Interest Coverage is 585.32, which is 5216% above median its 10-year median of 11.01 and 94.1% below the Metals & Mining industry median of 10,000.00. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Thor Explorations (TSXV:THX), the current Interest Coverage is 585.32 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:
Interest Coverage: 585.32 (5216% above median its 10-year median of 11.01)
GF Value™: C$0.71 vs. price of C$1.05 (47.9% above fair value)
Industry Position: 94.1% below the Metals & Mining median (#999999 of 1320)
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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