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 ratio | 5.3x |
Cash | CA$7.54m |
Equity | CA$3.01m |
Total liabilities | CA$14.04m |
Total assets | CA$17.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EUW's short term assets (CA$14.4M) exceed its short term liabilities (CA$11.0M).
Long Term Liabilities: EUW's short term assets (CA$14.4M) exceed its long term liabilities (CA$3.0M).
Debt to Equity History and Analysis
Debt Level: EUW has more cash than its total debt.
Reducing Debt: EUW's debt to equity ratio has reduced from 89% to 85.4% over the past 5 years.
Debt Coverage: EUW's debt is well covered by operating cash flow (182.9%).
Interest Coverage: EUW's interest payments on its debt are well covered by EBIT (5.3x coverage).