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.

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. Read total liabilities of Thermal Energy International Inc. for a breakdown of total debt and financial obligations.

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.

Company	Cash Flow Conversion Efficiency
Liberty TripAdvisor Holdings, Inc NASDAQ:LTRPA	-0.012x
Eterindo Wahanatama Tbk JK:ETWA	0.003x
Stern Groep N.V. AS:PBH	0.866x
Mongolia Growth Group Ltd. V:YAK	0.080x
Starr Peak Exploration Ltd V:STE	-0.014x
Eastern Metals Ltd AU:EMS	-0.397x
Teck Guan Perdana Bhd KLSE:7439	0.047x
DATRIX S.P.A. F:BW6	N/A

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. For the full company profile with market capitalisation and key ratios, see market cap of Thermal Energy International Inc..

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

$19.14 Million

CA$26.46 Million CAD

Market Cap Rank

#25158 Global

#992 in Canada

Share Price

CA$0.16

Change (1 day)

+3.33%

52-Week Range

CA$0.10 - CA$0.20

All Time High

CA$0.35