Thermal Energy International Inc. Total Liabilities
Thermal Energy International Inc. total liabilities. Based on the latest financial reports, Thermal Energy International Inc. (TMG) has total liabilities worth CA$9.63 Million CAD (≈ $6.96 Million USD) as of November 2025. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Check TMG asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Total Liabilities of Thermal Energy International Inc. (1997–2025)
Total liabilities of Thermal Energy International Inc. from 1997 to 2025. This chart illustrates how Thermal Energy International Inc.'s total liabilities have evolved over time, based on quarterly financial data.
Thermal Energy International Inc. Competitors by Total Liabilities
The table below lists competitors of Thermal Energy International Inc. ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Silgo Retail Limited
NSE:SILGO
|
India | Rs-1.38 Billion |
|
Aerometrex Ltd
AU:AMX
|
Australia | AU$24.84 Million |
|
Environmental Clean Technologies Ltd
AU:ECT
|
Australia | AU$1.46 Million |
|
J.ESTINA Co.Ltd
KQ:026040
|
Korea | ₩12.89 Billion |
|
Aspinwall and Company Limited
NSE:ASPINWALL
|
India | Rs1.32 Billion |
|
Norwegian Block Exchange AS
OL:NBX
|
Norway | Nkr90.20 Million |
|
Mon Courtier Energie Groupe SA
PA:ALMCE
|
France | €12.49 Million |
|
Thermon Group Holdings Inc
NYSE:THR
|
USA | $291.87 Million |
Liability Composition Analysis (1997–2025)
This chart breaks down Thermal Energy International Inc.'s total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the complete balance sheet picture, see TMG current and non-current assets.
Liquidity & Leverage Metrics
Thermal Energy International Inc. Total Liabilities Ratios Explained
Thermal Energy International Inc. total liabilities ratios compare its liabilities with its current assets, cash and shareholder equity.
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 1.39 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 2.18 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.69 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Thermal Energy International Inc.'s debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Thermal Energy International Inc. (1997–2025)
The table below shows the annual total liabilities of Thermal Energy International Inc. from 1997 to 2025.
| Year | Total Liabilities | Change |
|---|---|---|
| 2025-05-31 | CA$8.38 Million ≈ $6.06 Million |
-37.32% |
| 2024-05-31 | CA$13.37 Million ≈ $9.67 Million |
+15.36% |
| 2023-05-31 | CA$11.59 Million ≈ $8.38 Million |
+35.46% |
| 2022-05-31 | CA$8.55 Million ≈ $6.19 Million |
-0.34% |
| 2021-05-31 | CA$8.58 Million ≈ $6.21 Million |
+1.74% |
| 2020-05-31 | CA$8.44 Million ≈ $6.10 Million |
-7.80% |
| 2019-05-31 | CA$9.15 Million ≈ $6.62 Million |
+99.51% |
| 2018-05-31 | CA$4.59 Million ≈ $3.32 Million |
-5.77% |
| 2017-05-31 | CA$4.87 Million ≈ $3.52 Million |
+69.30% |
| 2016-05-31 | CA$2.88 Million ≈ $2.08 Million |
-9.09% |
| 2015-05-31 | CA$3.16 Million ≈ $2.29 Million |
+19.83% |
| 2014-05-31 | CA$2.64 Million ≈ $1.91 Million |
+19.46% |
| 2013-05-31 | CA$2.21 Million ≈ $1.60 Million |
-35.18% |
| 2012-05-31 | CA$3.41 Million ≈ $2.47 Million |
+48.68% |
| 2011-05-31 | CA$2.29 Million ≈ $1.66 Million |
+8.50% |
| 2010-05-31 | CA$2.11 Million ≈ $1.53 Million |
+3.92% |
| 2009-05-31 | CA$2.03 Million ≈ $1.47 Million |
-46.11% |
| 2008-05-31 | CA$3.77 Million ≈ $2.73 Million |
+150.84% |
| 2007-05-31 | CA$1.50 Million ≈ $1.09 Million |
+22.22% |
| 2006-05-31 | CA$1.23 Million ≈ $890.29K |
-18.21% |
| 2005-05-31 | CA$1.50 Million ≈ $1.09 Million |
-1.74% |
| 2004-05-31 | CA$1.53 Million ≈ $1.11 Million |
-32.89% |
| 2003-05-31 | CA$2.28 Million ≈ $1.65 Million |
+64.93% |
| 2002-05-31 | CA$1.38 Million ≈ $1.00 Million |
-58.69% |
| 2001-05-31 | CA$3.35 Million ≈ $2.42 Million |
+194.04% |
| 2000-05-31 | CA$1.14 Million ≈ $823.97K |
-1.67% |
| 1998-05-31 | CA$1.16 Million ≈ $837.99K |
-13.31% |
| 1997-05-31 | CA$1.34 Million ≈ $966.62K |
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About Thermal Energy International Inc.
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