Thermal Energy International Inc. (TMG) - Cash Flow Conversion Efficiency

Latest as of November 2025: -0.409x

Based on the latest financial reports, Thermal Energy International Inc. (TMG) has a cash flow conversion efficiency ratio of -0.409x as of November 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CA$-1.81 Million ≈ $-1.31 Million USD) by net assets (CA$4.41 Million ≈ $3.19 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see market cap of Thermal Energy International Inc. for the company's overall valuation and market capitalisation.

Thermal Energy International Inc. - Cash Flow Conversion Efficiency Trend (1997–2025)

This chart illustrates how Thermal Energy International Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data.

Thermal Energy International Inc. Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Thermal Energy International Inc. ranked by their cash flow conversion efficiency. Explore earnings quality score of Thermal Energy International Inc. to measure how well operating cash flow supports reported net income.

Company	Cash Flow Conversion Efficiency
Shah Alloys Limited NSE:SHAHALLOYS	-0.149x
IWG PLC LSE:IWG	-0.123x
Lantern Pharma Inc NASDAQ:LTRN	0.914x
Haranga Resources Ltd AU:HAR	-0.202x
88 Energy Ltd AU:88E	-0.020x
Law Debenture Corp LSE:LWDB	0.023x
Yayla Enerji Uretim Turizm ve IS:YAYLA	-0.003x
Mon Courtier Energie Groupe SA PA:ALMCE	0.105x

Annual Cash Flow Conversion Efficiency for Thermal Energy International Inc. (1997–2025)

The table below shows the annual cash flow conversion efficiency of Thermal Energy International Inc. from 1997 to 2025. View TMG live share price for real-time trading data and today's change.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-05-31	CA$3.57 Million ≈ $2.58 Million	CA$-1.67 Million ≈ $-1.21 Million	-0.469x	-129.74%
2024-05-31	CA$3.42 Million ≈ $2.48 Million	CA$5.40 Million ≈ $3.91 Million	1.577x	+115.77%
2023-05-31	CA$1.92 Million ≈ $1.39 Million	CA$1.41 Million ≈ $1.02 Million	0.731x	+146.52%
2022-05-31	CA$1.04 Million ≈ $754.87K	CA$-1.64 Million ≈ $-1.19 Million	-1.571x	-292.67%
2021-05-31	CA$2.96 Million ≈ $2.14 Million	CA$-1.19 Million ≈ $-857.75K	-0.400x	-161.31%
2020-05-31	CA$2.01 Million ≈ $1.45 Million	CA$1.31 Million ≈ $947.35K	0.653x	+345.75%
2019-05-31	CA$3.89 Million ≈ $2.82 Million	CA$570.30K ≈ $412.55K	0.146x	+95.38%
2018-05-31	CA$4.11 Million ≈ $2.97 Million	CA$307.69K ≈ $222.58K	0.075x	-84.35%
2017-05-31	CA$3.51 Million ≈ $2.54 Million	CA$1.68 Million ≈ $1.22 Million	0.479x	+255.56%
2016-05-31	CA$3.11 Million ≈ $2.25 Million	CA$418.17K ≈ $302.50K	0.135x	+120.38%
2015-05-31	CA$2.73 Million ≈ $1.98 Million	CA$-1.81 Million ≈ $-1.31 Million	-0.661x	-786.29%
2014-05-31	CA$4.81 Million ≈ $3.48 Million	CA$462.69K ≈ $334.70K	0.096x	+148.49%
2013-05-31	CA$3.82 Million ≈ $2.77 Million	CA$-759.00K ≈ $-549.05K	-0.199x	-1031.48%
2012-05-31	CA$6.57 Million ≈ $4.75 Million	CA$-115.20K ≈ $-83.34K	-0.018x	-543.81%
2011-05-31	CA$6.41 Million ≈ $4.63 Million	CA$25.32K ≈ $18.32K	0.004x	+101.41%
2010-05-31	CA$7.38 Million ≈ $5.34 Million	CA$-2.06 Million ≈ $-1.49 Million	-0.280x	+41.43%
2009-05-31	CA$10.52 Million ≈ $7.61 Million	CA$-5.02 Million ≈ $-3.63 Million	-0.478x	-104.42%
2008-05-31	CA$-79.09K ≈ $-57.21K	CA$-855.04K ≈ $-618.53K	10.811x	+601.16%
2007-05-31	CA$626.96K ≈ $453.53K	CA$-1.35 Million ≈ $-978.37K	-2.157x	-126.98%
2006-05-31	CA$-299.30K ≈ $-216.51K	CA$-2.39 Million ≈ $-1.73 Million	7.995x	+50.91%
2005-05-31	CA$-190.59K ≈ $-137.87K	CA$-1.01 Million ≈ $-730.47K	5.298x	+1040.19%
2004-05-31	CA$-852.33K ≈ $-616.56K	CA$-396.06K ≈ $-286.50K	0.465x	+162.58%
2003-05-31	CA$-1.45 Million ≈ $-1.05 Million	CA$-256.88K ≈ $-185.82K	0.177x	-86.63%
2002-05-31	CA$-399.36K ≈ $-288.89K	CA$-528.70K ≈ $-382.45K	1.324x	+223.27%
2001-05-31	CA$413.73K ≈ $299.29K	CA$-444.35K ≈ $-321.43K	-1.074x	-204.10%
2000-05-31	CA$-543.14K ≈ $-392.90K	CA$-560.37K ≈ $-405.36K	1.032x	+384.41%
1998-05-31	CA$-683.34K ≈ $-494.32K	CA$247.89K ≈ $179.32K	-0.363x	-821.23%
1997-05-31	CA$-1.23 Million ≈ $-888.39K	CA$-61.77K ≈ $-44.68K	0.050x	--

About Thermal Energy International Inc.

V:TMG Canada Pollution & Treatment Controls

Market Cap

$19.79 Million

CA$27.35 Million CAD

Market Cap Rank

#25257 Global

#990 in Canada

Share Price

CA$0.16

Change (1 day)

+0.00%

52-Week Range

CA$0.12 - CA$0.20

All Time High

CA$0.35