Thermal Energy International Inc. (TMG) - Total Assets

Latest as of November 2025: CA$14.04 Million CAD ≈ $10.16 Million USD

Based on the latest financial reports, Thermal Energy International Inc. (TMG) holds total assets worth CA$14.04 Million CAD (≈ $10.16 Million USD) as of November 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See TMG book value for net asset value and shareholders' equity analysis.

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

This chart illustrates how Thermal Energy International Inc.'s total assets have evolved over time, based on quarterly financial data.

Thermal Energy International Inc. - Asset Composition Analysis

Current Asset Composition (May 2025)

Thermal Energy International Inc.'s total assets of CA$14.04 Million consist of 82.9% current assets and 17.1% non-current assets.

Asset Category	Amount (CAD)	% of Total Assets
Cash & Equivalents	CA$15.74K	23.4%
Accounts Receivable	CA$4.37 Million	36.6%
Inventory	CA$1.83 Million	15.3%
Property, Plant & Equipment	CA$1.33 Million	11.1%
Intangible Assets	CA$491.83K	4.1%
Goodwill	CA$0.00	0.0%

Asset Composition Trend (1997–2025)

This chart illustrates how Thermal Energy International Inc.'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see TMG market cap.

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Key Asset Composition Facts

Current vs. Non-Current Assets: Thermal Energy International Inc.'s current assets represent 82.9% of total assets in 2025, an increase from 16.4% in 1997.
Cash Position: Cash and equivalents constituted 23.4% of total assets in 2025, up from 4.0% in 1997.
Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, an increase from 0.0% in 1997.
Asset Diversification: The largest asset category is accounts receivable at 36.6% of total assets.

Thermal Energy International Inc. Competitors by Total Assets

Key competitors of Thermal Energy International Inc. based on total assets are shown below.

Company	Country	Total Assets
Penyao Environmental Protection Co Ltd Class A SHE:300664	China	CN¥7.87 Billion
UV Germi SA PA:ALUVI	France	€11.45 Million
OCEAN-GEOLOOP AS NK -01 F:FQ4	Germany	€215.39 Million
Sparta Capital Ltd V:SAY	Canada	CA$3.64 Million
Sunrise Energy Metals Ltd AU:SRL	Australia	AU$11.54 Million
Waterco Ltd AU:WAT	Australia	AU$264.24 Million
Fluence Corporation Ltd AU:FLC	Australia	AU$107.01 Million
Environmental Group Ltd (the) AU:EGL	Australia	AU$91.06 Million

Thermal Energy International Inc. - Liquidity and Working Capital Analysis

Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.

Key Liquidity Metrics

Metric	Current	1 Year Ago	5 Years Ago
Current Ratio	1.39	1.48	1.95
Quick Ratio	1.19	1.27	1.76
Cash Ratio	0.00	0.00	0.00
Working Capital	CA$3.44 Million	CA$3.69 Million	CA$4.20 Million

Thermal Energy International Inc. - Advanced Valuation Insights

This section examines the relationship between Thermal Energy International Inc.'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.

Key Valuation Metrics

Current Price-to-Book Ratio	7.15
Latest Market Cap to Assets Ratio	1.60
Asset Growth Rate (YoY)	-28.9%
Total Assets	CA$11.95 Million
Market Capitalization	$19.14 Million USD

Valuation Analysis

Above Book Valuation: The market values Thermal Energy International Inc.'s assets above their book value (1.60x), reflecting positive investor sentiment about the company's future prospects.

Significant Asset Reduction: Thermal Energy International Inc.'s assets decreased by 28.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.

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

The table below shows the annual total assets of Thermal Energy International Inc. from 1997 to 2025.

Year	Total Assets	Change
2025-05-31	CA$11.95 Million ≈ $8.64 Million	-28.85%
2024-05-31	CA$16.79 Million ≈ $12.15 Million	+24.27%
2023-05-31	CA$13.51 Million ≈ $9.77 Million	+40.77%
2022-05-31	CA$9.60 Million ≈ $6.94 Million	-16.87%
2021-05-31	CA$11.55 Million ≈ $8.35 Million	+10.56%
2020-05-31	CA$10.44 Million ≈ $7.55 Million	-19.95%
2019-05-31	CA$13.05 Million ≈ $9.44 Million	+50.09%
2018-05-31	CA$8.69 Million ≈ $6.29 Million	+3.76%
2017-05-31	CA$8.38 Million ≈ $6.06 Million	+40.06%
2016-05-31	CA$5.98 Million ≈ $4.33 Million	+1.42%
2015-05-31	CA$5.90 Million ≈ $4.27 Million	-20.80%
2014-05-31	CA$7.45 Million ≈ $5.39 Million	+23.43%
2013-05-31	CA$6.03 Million ≈ $4.36 Million	-39.52%
2012-05-31	CA$9.97 Million ≈ $7.22 Million	+14.67%
2011-05-31	CA$8.70 Million ≈ $6.29 Million	-8.33%
2010-05-31	CA$9.49 Million ≈ $6.86 Million	-24.39%
2009-05-31	CA$12.55 Million ≈ $9.08 Million	+239.75%
2008-05-31	CA$3.69 Million ≈ $2.67 Million	+73.33%
2007-05-31	CA$2.13 Million ≈ $1.54 Million	+128.81%
2006-05-31	CA$931.43K ≈ $673.78K	-29.12%
2005-05-31	CA$1.31 Million ≈ $950.62K	+93.54%
2004-05-31	CA$679.01K ≈ $491.19K	-18.24%
2003-05-31	CA$830.45K ≈ $600.73K	-15.62%
2002-05-31	CA$984.22K ≈ $711.97K	-73.84%
2001-05-31	CA$3.76 Million ≈ $2.72 Million	+531.47%
2000-05-31	CA$595.91K ≈ $431.07K	+25.43%
1998-05-31	CA$475.09K ≈ $343.67K	+339.27%
1997-05-31	CA$108.15K ≈ $78.24K	--

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