Thermal Energy International Inc.

TSXV:TMG Stock Report

Market Cap: CA$38.9m

Thermal Energy International Balance Sheet Health

Financial Health criteria checks 6/6

Thermal Energy International has a total shareholder equity of CA$3.0M and total debt of CA$2.6M, which brings its debt-to-equity ratio to 85.4%. Its total assets and total liabilities are CA$17.1M and CA$14.0M respectively. Thermal Energy International's EBIT is CA$2.1M making its interest coverage ratio 5.3. It has cash and short-term investments of CA$7.5M.

Key information

85.4%

Debt to equity ratio

CA$2.57m

Debt

Interest coverage ratio5.3x
CashCA$7.54m
EquityCA$3.01m
Total liabilitiesCA$14.04m
Total assetsCA$17.05m

Recent financial health updates

Recent updates

Thermal Energy International (CVE:TMG) Has A Pretty Healthy Balance Sheet

May 23
Thermal Energy International (CVE:TMG) Has A Pretty Healthy Balance Sheet

Thermal Energy International Inc. (CVE:TMG) Investors Are Less Pessimistic Than Expected

Apr 04
Thermal Energy International Inc. (CVE:TMG) Investors Are Less Pessimistic Than Expected

Is Thermal Energy International (CVE:TMG) Using Too Much Debt?

Sep 28
Is Thermal Energy International (CVE:TMG) Using Too Much Debt?

Is Thermal Energy International (CVE:TMG) Using Debt Sensibly?

Jun 12
Is Thermal Energy International (CVE:TMG) Using Debt Sensibly?

Does Thermal Energy International (CVE:TMG) Have A Healthy Balance Sheet?

Mar 14
Does Thermal Energy International (CVE:TMG) Have A Healthy Balance Sheet?

Is Thermal Energy International (CVE:TMG) A Risky Investment?

Jul 23
Is Thermal Energy International (CVE:TMG) A Risky Investment?

Does Thermal Energy International (CVE:TMG) Have A Healthy Balance Sheet?

Mar 10
Does Thermal Energy International (CVE:TMG) Have A Healthy Balance Sheet?

Most Shareholders Will Probably Find That The CEO Compensation For Thermal Energy International Inc. (CVE:TMG) Is Reasonable

Nov 16
Most Shareholders Will Probably Find That The CEO Compensation For Thermal Energy International Inc. (CVE:TMG) Is Reasonable

Is Thermal Energy International (CVE:TMG) Using Debt In A Risky Way?

Oct 11
Is Thermal Energy International (CVE:TMG) Using Debt In A Risky Way?

Is Thermal Energy International (CVE:TMG) Weighed On By Its Debt Load?

May 24
Is Thermal Energy International (CVE:TMG) Weighed On By Its Debt Load?

How Is Thermal Energy International's (CVE:TMG) CEO Paid Relative To Peers?

Feb 08
How Is Thermal Energy International's (CVE:TMG) CEO Paid Relative To Peers?

Is Thermal Energy International (CVE:TMG) Using Too Much Debt?

Dec 16
Is Thermal Energy International (CVE:TMG) Using Too Much Debt?

Financial Position Analysis

Short Term Liabilities: TMG's short term assets (CA$14.4M) exceed its short term liabilities (CA$11.0M).

Long Term Liabilities: TMG's short term assets (CA$14.4M) exceed its long term liabilities (CA$3.0M).


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 89% to 85.4% over the past 5 years.

Debt Coverage: TMG's debt is well covered by operating cash flow (182.9%).

Interest Coverage: TMG's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


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