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. net assets for net asset value and shareholders' equity analysis.
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. Also explore Thermal Energy International Inc. annual equity growth to track the company's year-over-year net asset growth rate.
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 Thermal Energy International Inc. (TMG) total market value.
| 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 | — |