Thermal Energy International Inc. (TMG) - Net Assets

Latest as of November 2025: CA$4.41 Million CAD ≈ $3.19 Million USD

Based on the latest financial reports, Thermal Energy International Inc. (TMG) has net assets worth CA$4.41 Million CAD (≈ $3.19 Million USD) as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$14.04 Million ≈ $10.16 Million USD) and total liabilities (CA$9.63 Million ≈ $6.96 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TMG cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$4.41 Million
% of Total Assets 31.43%
Annual Growth Rate N/A
5-Year Change 20.39%
10-Year Change 14.86%
Growth Volatility 64.68

Thermal Energy International Inc. - Net Assets Trend (1997–2025)

This chart illustrates how Thermal Energy International Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Thermal Energy International Inc. for the complete picture of this company's asset base.

Annual Net Assets for Thermal Energy International Inc. (1997–2025)

The table below shows the annual net assets of Thermal Energy International Inc. from 1997 to 2025. For live valuation and market cap data, see Thermal Energy International Inc. (TMG) market capitalisation.

Year Net Assets Change
2025-05-31 CA$3.57 Million
≈ $2.58 Million		 +4.22%
2024-05-31 CA$3.42 Million
≈ $2.48 Million		 +77.97%
2023-05-31 CA$1.92 Million
≈ $1.39 Million		 +84.28%
2022-05-31 CA$1.04 Million
≈ $754.87K		 -64.78%
2021-05-31 CA$2.96 Million
≈ $2.14 Million		 +47.68%
2020-05-31 CA$2.01 Million
≈ $1.45 Million		 -48.48%
2019-05-31 CA$3.89 Million
≈ $2.82 Million		 -5.13%
2018-05-31 CA$4.11 Million
≈ $2.97 Million		 +16.99%
2017-05-31 CA$3.51 Million
≈ $2.54 Million		 +13.00%
2016-05-31 CA$3.11 Million
≈ $2.25 Million		 +13.59%
2015-05-31 CA$2.73 Million
≈ $1.98 Million		 -43.12%
2014-05-31 CA$4.81 Million
≈ $3.48 Million		 +25.72%
2013-05-31 CA$3.82 Million
≈ $2.77 Million		 -41.77%
2012-05-31 CA$6.57 Million
≈ $4.75 Million		 +2.50%
2011-05-31 CA$6.41 Million
≈ $4.63 Million		 -13.15%
2010-05-31 CA$7.38 Million
≈ $5.34 Million		 -29.87%
2009-05-31 CA$10.52 Million
≈ $7.61 Million		 +13397.76%
2008-05-31 CA$-79.09K
≈ $-57.21K		 -112.61%
2007-05-31 CA$626.96K
≈ $453.53K		 +309.48%
2006-05-31 CA$-299.30K
≈ $-216.51K		 -57.03%
2005-05-31 CA$-190.59K
≈ $-137.87K		 +77.64%
2004-05-31 CA$-852.33K
≈ $-616.56K		 +41.28%
2003-05-31 CA$-1.45 Million
≈ $-1.05 Million		 -263.47%
2002-05-31 CA$-399.36K
≈ $-288.89K		 -196.53%
2001-05-31 CA$413.73K
≈ $299.29K		 +176.17%
2000-05-31 CA$-543.14K
≈ $-392.90K		 +20.52%
1998-05-31 CA$-683.34K
≈ $-494.32K		 +44.36%
1997-05-31 CA$-1.23 Million
≈ $-888.39K		 --

Equity Component Analysis

This analysis shows how different components contribute to Thermal Energy International Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 3034629700.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (May 2025)

Component Amount Percentage
Common Stock CA$32.80 Million 918.62%
Other Comprehensive Income CA$536.00K 15.01%
Other Components CA$4.90 Million 137.14%
Total Equity CA$3.57 Million 100.00%

Thermal Energy International Inc. Competitors by Market Cap

The table below lists competitors of Thermal Energy International Inc. ranked by their market capitalization.

Company Market Cap
Liberty TripAdvisor Holdings, Inc
NASDAQ:LTRPA
 $19.15 Million
Eterindo Wahanatama Tbk
JK:ETWA
 $19.15 Million
Stern Groep N.V.
AS:PBH
 $19.15 Million
Mongolia Growth Group Ltd.
V:YAK
 $19.15 Million
Starr Peak Exploration Ltd
V:STE
 $19.14 Million
Eastern Metals Ltd
AU:EMS
 $19.14 Million
Teck Guan Perdana Bhd
KLSE:7439
 $19.13 Million
DATRIX S.P.A.
F:BW6
 $19.12 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Thermal Energy International Inc.'s equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 3,462,315 to 3,570,419, a change of 108,104 (3.1%).
  • Net income of 73,166 contributed positively to equity growth.
  • Dividend payments of 58,040 reduced retained earnings.
  • Share repurchases of 33,850 reduced equity.
  • Other comprehensive income increased equity by 247,202.
  • Other factors decreased equity by 120,374.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CA$73.17K +2.05%
Dividends Paid CA$58.04K -1.63%
Share Repurchases CA$33.85K -0.95%
Other Comprehensive Income CA$247.20K +6.92%
Other Changes CA$-120.37K -3.37%
Total Change CA$- 3.12%

Book Value vs Market Value Analysis

This analysis compares Thermal Energy International Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 7.64x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-05-31 CA$-0.12 CA$0.16 x
1998-05-31 CA$-0.06 CA$0.16 x
2000-05-31 CA$-0.03 CA$0.16 x
2001-05-31 CA$0.01 CA$0.16 x
2002-05-31 CA$-0.01 CA$0.16 x
2003-05-31 CA$-0.04 CA$0.16 x
2004-05-31 CA$-0.02 CA$0.16 x
2005-05-31 CA$0.00 CA$0.16 x
2006-05-31 CA$0.00 CA$0.16 x
2007-05-31 CA$0.01 CA$0.16 x
2008-05-31 CA$0.00 CA$0.16 x
2009-05-31 CA$0.07 CA$0.16 x
2010-05-31 CA$0.05 CA$0.16 x
2011-05-31 CA$0.04 CA$0.16 x
2012-05-31 CA$0.04 CA$0.16 x
2013-05-31 CA$0.02 CA$0.16 x
2014-05-31 CA$0.03 CA$0.16 x
2015-05-31 CA$0.02 CA$0.16 x
2016-05-31 CA$0.02 CA$0.16 x
2017-05-31 CA$0.02 CA$0.16 x
2018-05-31 CA$0.03 CA$0.16 x
2019-05-31 CA$0.02 CA$0.16 x
2020-05-31 CA$0.01 CA$0.16 x
2021-05-31 CA$0.02 CA$0.16 x
2022-05-31 CA$0.01 CA$0.16 x
2023-05-31 CA$0.01 CA$0.16 x
2024-05-31 CA$0.02 CA$0.16 x
2025-05-31 CA$0.02 CA$0.16 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thermal Energy International Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 2.05%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.25%
  • • Asset Turnover: 2.49x
  • • Equity Multiplier: 3.35x
  • Recent ROE (2.05%) is above the historical average (-29.43%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 0.00% -126.19% 6.24x 0.00x CA$-728.76K
1998 0.00% -10.42% 2.03x 0.00x CA$-32.12K
2000 0.00% -1053.58% 0.35x 0.00x CA$-2.14 Million
2001 -49.30% -5.50% 0.99x 9.10x CA$-245.36K
2002 0.00% -170.85% 0.64x 0.00x CA$-1.04 Million
2003 0.00% -2531.63% 0.09x 0.00x CA$-1.65 Million
2004 0.00% -127.62% 1.36x 0.00x CA$-1.09 Million
2005 0.00% -212.75% 0.51x 0.00x CA$-1.40 Million
2006 0.00% -77.91% 3.05x 0.00x CA$-2.19 Million
2007 -389.70% -297.59% 0.39x 3.40x CA$-2.51 Million
2008 0.00% -48.16% 1.33x 0.00x CA$-2.36 Million
2009 -30.46% -80.97% 0.32x 1.19x CA$-4.26 Million
2010 -41.65% -52.85% 0.61x 1.29x CA$-3.81 Million
2011 -2.24% -1.47% 1.12x 1.37x CA$-778.31K
2012 1.55% 0.77% 1.32x 1.53x CA$-551.96K
2013 -74.02% -34.41% 1.36x 1.58x CA$-3.21 Million
2014 13.09% 4.77% 1.77x 1.56x CA$148.18K
2015 -79.05% -31.64% 1.15x 2.17x CA$-2.42 Million
2016 8.22% 2.05% 2.07x 1.94x CA$-54.95K
2017 11.76% 3.14% 1.57x 2.37x CA$61.99K
2018 15.37% 3.67% 2.00x 2.09x CA$223.35K
2019 -10.67% -2.01% 1.62x 3.28x CA$-821.80K
2020 -90.29% -8.86% 2.05x 4.97x CA$-2.11 Million
2021 6.51% 1.29% 1.33x 3.80x CA$-106.10K
2022 -178.46% -12.07% 1.66x 8.92x CA$-2.03 Million
2023 36.46% 3.40% 1.56x 6.86x CA$521.02K
2024 26.85% 3.59% 1.54x 4.85x CA$583.27K
2025 2.05% 0.25% 2.49x 3.35x CA$-283.88K

Industry Comparison

This section compares Thermal Energy International Inc.'s net assets metrics with peer companies in the Pollution & Treatment Controls industry.

Industry Context

  • Industry: Pollution & Treatment Controls
  • Average net assets among peers: $8,445,557
  • Average return on equity (ROE) among peers: -71.02%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Thermal Energy International Inc. (TMG) CA$4.41 Million 0.00% 2.18x $19.14 Million
Appulse Corp (APL) $3.13 Million 4.05% 1.15x $3.21 Million
BioRem Inc. (BRM) $5.59 Million -56.11% 1.83x $37.86 Million
Questor Technology Inc. (QST) $33.99 Million -5.38% 0.12x $6.37 Million
Sparta Capital Ltd (SAY) $-989.11K 0.00% 0.00x $3.83 Million
Current Water Technologies Inc (WATR) $509.90K -297.67% 0.83x $1.66 Million

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
Categories
Companies in Canada Pollution & Treatment Controls
About

Thermal Energy International Inc. engages in the development, engineering, and supply of pollution control, heat recovery systems, and condensate return solutions in North America, Europe, and internationally. The company offers GEM steam traps; FLUACE-ACE heat recovery, a direct contact condensing heat recovery system that recycles the heat lost through the boiler flue gas exhaust; and DRY-REX b… Read more