Thor ExplorationsTSXV:THX -1.87%43 Quick Ratio is 7.16 as of Mar. 2026, which is 1527% above its 10-year median of 0.44. 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 73.81% on this metric.
Thor Explorations has a quick ratio of 7.16. It generally indicates good short-term financial strength.
The historical rank and industry rank for Thor Explorations's Quick Ratio or its related term are showing as below:
TSXV:THX'
s Quick Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.44 Max: 7.16
Current: 7.16
During the past 13 years, Thor Explorations's highest Quick Ratio was 7.16. The lowest was 0.06. And the median was 0.44.
TSXV:THX's Quick Ratio is ranked better than 73.81% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.3
vs TSXV:THX: 7.16
Thor Explorations (TSXV:THX) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Thor Explorations Quick Ratio Related Terms
Thor Explorations Quick Ratio Historical Data
* Premium members only.
The historical data trend for Thor Explorations's Quick 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 Quick Ratio, along with its competitors' market caps and Quick 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 Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thor Explorations's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Thor Explorations's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Thor Explorations's Quick 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 (TSXV:THX) has a Quick Ratio of 7.16 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Thor Explorations and its competitors. This is 1527% above median its historical median of 0.44. Over the past decade, Thor Explorations' Quick Ratio has ranged from 0.06 to 7.16. According to the industry distribution chart, Thor Explorations ranks #691 out of 2638 companies in the Metals & Mining industry, placing it in the top 26.2%.
Is Thor Explorations' Quick Ratio too high?
Thor Explorations' current Quick Ratio of 7.16 is 1527% above median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 7.16. The Metals & Mining industry median Quick Ratio is 2.30. Thor Explorations' value of 7.16 is 211.3% above this industry median. Based on the distribution chart, Thor Explorations ranks #691 out of 2638 companies in the Metals & Mining industry, which is above the industry midpoint. 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' Quick Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Thor Explorations ranks #691 out of 2638 companies for Quick Ratio. This puts Thor Explorations in the upper half of its industry. The industry median Quick Ratio is 2.30. Thor Explorations' value of 7.16 is 211.3% above this benchmark. Historically, Thor Explorations' own Quick Ratio has ranged from 0.06 to 7.16 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 2.30, 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 Quick Ratio for a Metals & Mining company?
The median Quick Ratio among Metals & Mining companies is 2.30, based on 2,638 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thor Explorations's current Quick Ratio of 7.16 is 211.3% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Thor Explorations and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Explorations's current Quick Ratio is 7.16, which is 1527% above median its own 10-year median of 0.44. 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 Quick Ratio is 7.16, which is 1527% above median its 10-year median of 0.44 and 211.3% above the Metals & Mining industry median of 2.30. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Thor Explorations (TSXV:THX), the current Quick Ratio is 7.16 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:
Quick Ratio: 7.16 (1527% above median its 10-year median of 0.44)
GF Value™: C$0.71 vs. price of C$1.05 (47.9% above fair value)
Industry Position: 211.3% above the Metals & Mining median (#691 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
Get the complete analysis for TSXV:THX
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:THX has been successfully added to your 
