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$9.63 Million) in one year. See Thermal Energy International Inc. free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Thermal Energy International Inc. Cash Flow-to-Debt Ratio (1997–2025)
Historical debt coverage capacity for Thermal Energy International Inc. across 28 annual periods. For the full cash flow conversion analysis, see Thermal Energy International Inc. cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Thermal Energy International Inc. (1997–2025)
Year-by-year debt coverage analysis for Thermal Energy International Inc.. Check TMG cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | -0.20x | CA$-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 | — |