Thermal Energy International Inc. (TMG) — Cash Flow-to-Debt Ratio
Thermal Energy International Inc. (TMG) has a Cash Flow-to-Debt Ratio of -0.19x as of November 2025, meaning its operating cash flow of CA$-1.81 Million could theoretically repay 0% of its total liabilities (CA$9.63 Million) in one year. Check TMG capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Thermal Energy International Inc. Cash Flow-to-Debt Ratio (1997–2025)
Historical debt coverage capacity for Thermal Energy International Inc. across 28 annual periods. Also explore Thermal Energy International Inc. asset portfolio for the complete picture of this company's asset base.
Annual Cash Flow-to-Debt Ratio for Thermal Energy International Inc. (1997–2025)
Year-by-year debt coverage analysis for Thermal Energy International Inc.. For market capitalisation and broader financial context, see market value of Thermal Energy International Inc..
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | -0.20x | CA$-1.67 Million | CA$8.38 Million | ▼ -149.4% |
| 2024 | 0.40x | CA$5.40 Million | CA$13.37 Million | ▲ +232.9% |
| 2023 | 0.12x | CA$1.41 Million | CA$11.59 Million | ▲ +163.3% |
| 2022 | -0.19x | CA$-1.64 Million | CA$8.55 Million | ▼ -38.8% |
| 2021 | -0.14x | CA$-1.19 Million | CA$8.58 Million | ▼ -189.0% |
| 2020 | 0.16x | CA$1.31 Million | CA$8.44 Million | ▲ +149.1% |
| 2019 | 0.06x | CA$570.30K | CA$9.15 Million | ▼ -7.1% |
| 2018 | 0.07x | CA$307.69K | CA$4.59 Million | ▼ -80.6% |
| 2017 | 0.35x | CA$1.68 Million | CA$4.87 Million | ▲ +137.3% |
| 2016 | 0.15x | CA$418.17K | CA$2.88 Million | ▲ +125.5% |
| 2015 | -0.57x | CA$-1.81 Million | CA$3.16 Million | ▼ -425.8% |
| 2014 | 0.18x | CA$462.69K | CA$2.64 Million | ▲ +151.0% |
| 2013 | -0.34x | CA$-759.00K | CA$2.21 Million | ▼ -916.3% |
| 2012 | -0.03x | CA$-115.20K | CA$3.41 Million | ▼ -406.0% |
| 2011 | 0.01x | CA$25.32K | CA$2.29 Million | ▲ +101.1% |
| 2010 | -0.98x | CA$-2.06 Million | CA$2.11 Million | ▲ +60.5% |
| 2009 | -2.47x | CA$-5.02 Million | CA$2.03 Million | ▼ -990.3% |
| 2008 | -0.23x | CA$-855.04K | CA$3.77 Million | ▲ +74.8% |
| 2007 | -0.90x | CA$-1.35 Million | CA$1.50 Million | ▲ +53.8% |
| 2006 | -1.94x | CA$-2.39 Million | CA$1.23 Million | ▼ -189.7% |
| 2005 | -0.67x | CA$-1.01 Million | CA$1.50 Million | ▼ -159.5% |
| 2004 | -0.26x | CA$-396.06K | CA$1.53 Million | ▼ -129.8% |
| 2003 | -0.11x | CA$-256.88K | CA$2.28 Million | ▲ +70.5% |
| 2002 | -0.38x | CA$-528.70K | CA$1.38 Million | ▼ -188.0% |
| 2001 | -0.13x | CA$-444.35K | CA$3.35 Million | ▲ +73.0% |
| 2000 | -0.49x | CA$-560.37K | CA$1.14 Million | ▼ -329.9% |
| 1998 | 0.21x | CA$247.89K | CA$1.16 Million | ▲ +562.9% |
| 1997 | -0.05x | CA$-61.77K | CA$1.34 Million | — |