Thermal Energy International Inc. Cash Flow Conversion Efficiency

Latest as of November 2025: -0.409x

Thermal Energy International Inc. cash flow conversion efficiency. 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.

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

Cash flow conversion efficiency of Thermal Energy International Inc. from 1997 to 2025. This chart illustrates how Thermal Energy International Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. View current stock price of Thermal Energy International Inc. for real-time trading data and today's change.

Thermal Energy International Inc. Cash Flow Conversion Ratio Explained

Thermal Energy International Inc. cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.

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. Also see how much is Thermal Energy International Inc. worth for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
J.ESTINA Co.Ltd KQ:026040	0.117x
Environmental Clean Technologies Ltd AU:ECT	-0.043x
Aerometrex Ltd AU:AMX	0.254x
Silgo Retail Limited NSE:SILGO	-0.374x
Aspinwall and Company Limited NSE:ASPINWALL	-0.121x
Norwegian Block Exchange AS OL:NBX	-0.126x
Mon Courtier Energie Groupe SA PA:ALMCE	0.105x
Thermon Group Holdings Inc NYSE:THR	0.020x

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. Review Thermal Energy International Inc. free cash flow generation to assess how much free cash flow the company generates relative to operating cash flow.

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

#24999 Global

#954 in Canada

Share Price

CA$0.16

Change (1 day)

+3.23%

52-Week Range

CA$0.12 - CA$0.20

All Time High

CA$0.35