Thermal Energy International Inc. (TMG) — Tangible Net Worth Ratio
Thermal Energy International Inc. (TMG) has a Tangible Net Worth Ratio of 100.0% as of November 2025. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$4.41 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Thermal Energy International Inc. working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Thermal Energy International Inc. Tangible Net Worth Ratio (2001–2025)
This chart shows how Thermal Energy International Inc.'s Tangible Net Worth Ratio has changed across 19 annual periods from 2001 to 2025. As of November 2025, the ratio stands at 100.0%, reflecting net assets of CA$4.41 Million with intangible assets of CA$0.00 CAD. See TMG days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Thermal Energy International Inc. (2001–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Thermal Energy International Inc. from 2001 to 2025, covering 19 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see how much is Thermal Energy International Inc. worth.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 86.2% | CA$3.57 Million | CA$491.83K | CA$11.95 Million | ▲ +4.5 pp |
| 2024 | 81.7% | CA$3.42 Million | CA$626.62K | CA$16.79 Million | ▲ +25.7 pp |
| 2023 | 56.0% | CA$1.92 Million | CA$845.62K | CA$13.51 Million | ▲ +54.3 pp |
| 2022 | 1.7% | CA$1.04 Million | CA$1.03 Million | CA$9.60 Million | ▼ -63.6 pp |
| 2021 | 65.3% | CA$2.96 Million | CA$1.03 Million | CA$11.55 Million | ▲ +35.9 pp |
| 2020 | 29.4% | CA$2.01 Million | CA$1.42 Million | CA$10.44 Million | ▼ -14.7 pp |
| 2019 | 44.1% | CA$3.89 Million | CA$2.18 Million | CA$13.05 Million | ▼ -40.3 pp |
| 2018 | 84.4% | CA$4.11 Million | CA$640.24K | CA$8.69 Million | ▲ +2.8 pp |
| 2017 | 81.6% | CA$3.51 Million | CA$646.37K | CA$8.38 Million | ▲ +4.3 pp |
| 2016 | 77.3% | CA$3.11 Million | CA$705.93K | CA$5.98 Million | ▲ +3.1 pp |
| 2015 | 74.2% | CA$2.73 Million | CA$706.75K | CA$5.90 Million | ▼ -11.8 pp |
| 2014 | 85.9% | CA$4.81 Million | CA$675.59K | CA$7.45 Million | ▲ +1.5 pp |
| 2013 | 84.5% | CA$3.82 Million | CA$593.78K | CA$6.03 Million | ▼ -2.8 pp |
| 2012 | 87.2% | CA$6.57 Million | CA$838.36K | CA$9.97 Million | ▲ +1.9 pp |
| 2011 | 85.3% | CA$6.41 Million | CA$940.05K | CA$8.70 Million | ▲ +3.2 pp |
| 2010 | 82.1% | CA$7.38 Million | CA$1.32 Million | CA$9.49 Million | ▼ -3.6 pp |
| 2009 | 85.7% | CA$10.52 Million | CA$1.51 Million | CA$12.55 Million | ▼ -14.3 pp |
| 2007 | 100.0% | CA$626.96K | CA$0.00 | CA$2.13 Million | ▲ +41.0 pp |
| 2001 | 59.0% | CA$413.73K | CA$169.62K | CA$3.76 Million | — |