Thermal Energy International Balance Sheet Health
Financial Health criteria checks 6/6
Thermal Energy International has a total shareholder equity of CA$3.9M and total debt of CA$2.1M, which brings its debt-to-equity ratio to 54.5%. Its total assets and total liabilities are CA$15.3M and CA$11.4M respectively. Thermal Energy International's EBIT is CA$1.5M making its interest coverage ratio 4.7. It has cash and short-term investments of CA$5.0M.
Key information
54.5%
Debt to equity ratio
CA$2.11m
Debt
| Interest coverage ratio | 4.7x |
| Cash | CA$5.05m |
| Equity | CA$3.87m |
| Total liabilities | CA$11.39m |
| Total assets | CA$15.26m |
Recent financial health updates
Thermal Energy International (CVE:TMG) Has A Pretty Healthy Balance Sheet
May 23
Is Thermal Energy International (CVE:TMG) Using Too Much Debt?
Sep 28Is Thermal Energy International (CVE:TMG) Using Debt Sensibly?
Jun 12Does Thermal Energy International (CVE:TMG) Have A Healthy Balance Sheet?
Mar 14Is Thermal Energy International (CVE:TMG) A Risky Investment?
Jul 23Does Thermal Energy International (CVE:TMG) Have A Healthy Balance Sheet?
Mar 10Recent updates
What You Can Learn From Thermal Energy International Inc.'s (CVE:TMG) P/S
Aug 19Thermal Energy International (CVE:TMG) Has A Pretty Healthy Balance Sheet
May 23Thermal Energy International Inc. (CVE:TMG) Investors Are Less Pessimistic Than Expected
Apr 04Is Thermal Energy International (CVE:TMG) Using Too Much Debt?
Sep 28Is Thermal Energy International (CVE:TMG) Using Debt Sensibly?
Jun 12Does Thermal Energy International (CVE:TMG) Have A Healthy Balance Sheet?
Mar 14Is Thermal Energy International (CVE:TMG) A Risky Investment?
Jul 23Does Thermal Energy International (CVE:TMG) Have A Healthy Balance Sheet?
Mar 10Most Shareholders Will Probably Find That The CEO Compensation For Thermal Energy International Inc. (CVE:TMG) Is Reasonable
Nov 16Is Thermal Energy International (CVE:TMG) Using Debt In A Risky Way?
Oct 11Is Thermal Energy International (CVE:TMG) Weighed On By Its Debt Load?
May 24How Is Thermal Energy International's (CVE:TMG) CEO Paid Relative To Peers?
Feb 08Is Thermal Energy International (CVE:TMG) Using Too Much Debt?
Dec 16
Financial Position Analysis
Short Term Liabilities: TMG's short term assets (CA$12.8M) exceed its short term liabilities (CA$9.0M).
Long Term Liabilities: TMG's short term assets (CA$12.8M) exceed its long term liabilities (CA$2.3M).
Debt to Equity History and Analysis
Debt Level: TMG has more cash than its total debt.
Reducing Debt: TMG's debt to equity ratio has reduced from 71.7% to 54.5% over the past 5 years.
Debt Coverage: TMG's debt is well covered by operating cash flow (115.1%).
Interest Coverage: TMG's interest payments on its debt are well covered by EBIT (4.7x coverage).