Thermal Energy International Balance Sheet Health
Financial Health criteria checks 5/6
Thermal Energy International has a total shareholder equity of CA$3.0M and total debt of CA$2.8M, which brings its debt-to-equity ratio to 95%. Its total assets and total liabilities are CA$14.2M and CA$11.2M respectively. Thermal Energy International's EBIT is CA$2.7M making its interest coverage ratio 5.8. It has cash and short-term investments of CA$3.4M.
Key information
95.0%
Debt to equity ratio
CA$2.80m
Debt
| Interest coverage ratio | 5.8x |
| Cash | CA$3.42m |
| Equity | CA$2.95m |
| Total liabilities | CA$11.22m |
| Total assets | CA$14.18m |
Recent financial health updates
Is Thermal Energy International (CVE:TMG) Using Too Much Debt?
Sep 28
Is 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 10Is Thermal Energy International (CVE:TMG) Using Debt In A Risky Way?
Oct 11Recent updates
Thermal 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$11.4M) exceed its short term liabilities (CA$7.9M).
Long Term Liabilities: TMG's short term assets (CA$11.4M) exceed its long term liabilities (CA$3.3M).
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 increased from 72.9% to 95% over the past 5 years.
Debt Coverage: TMG's debt is well covered by operating cash flow (71%).
Interest Coverage: TMG's interest payments on its debt are well covered by EBIT (5.8x coverage).