Thermal Energy International Inc. Working Capital to Net Assets Ratio
Thermal Energy International Inc. working capital to net assets ratio. Thermal Energy International Inc. (TMG) has a Working Capital to Net Assets ratio of 77.9% as of November 2025. Working capital of CA$3.44 Million (current assets of CA$12.25 Million minus current liabilities of CA$8.81 Million) is measured against net assets of CA$4.41 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check TMG goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Thermal Energy International Inc. (1997–2025)
Working capital to net assets ratio of Thermal Energy International Inc. from 1997 to 2025. This chart shows how Thermal Energy International Inc.'s Working Capital to Net Assets ratio has evolved across 28 annual periods from 1997 to 2025. As of November 2025, the ratio stands at 77.9%, reflecting working capital of CA$3.44 Million against net assets of CA$4.41 Million CAD. See operational self-sufficiency of Thermal Energy International Inc. to measure how many days the company can operate on defensive assets alone.
Thermal Energy International Inc. Working Capital to Net Assets Ratio by Year (1997–2025)
Thermal Energy International Inc. working capital to net assets ratio by year from 1997 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Thermal Energy International Inc. from 1997 to 2025, covering 28 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see Thermal Energy International Inc. total assets.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 67.2% | CA$2.40 Million | CA$3.57 Million | CA$9.91 Million | CA$7.51 Million | ▼ -35.4 pp |
| 2024 | 102.5% | CA$3.51 Million | CA$3.42 Million | CA$14.21 Million | CA$10.70 Million | ▼ -55.3 pp |
| 2023 | 157.8% | CA$3.03 Million | CA$1.92 Million | CA$11.03 Million | CA$7.99 Million | ▼ -108.3 pp |
| 2022 | 266.1% | CA$2.78 Million | CA$1.04 Million | CA$7.01 Million | CA$4.24 Million | ▲ +137.6 pp |
| 2021 | 128.5% | CA$3.81 Million | CA$2.96 Million | CA$8.58 Million | CA$4.77 Million | ▼ -14.6 pp |
| 2020 | 143.1% | CA$2.87 Million | CA$2.01 Million | CA$8.06 Million | CA$5.19 Million | ▲ +91.1 pp |
| 2019 | 52.1% | CA$2.03 Million | CA$3.89 Million | CA$7.98 Million | CA$5.96 Million | ▲ +2.7 pp |
| 2018 | 49.4% | CA$2.03 Million | CA$4.11 Million | CA$6.61 Million | CA$4.59 Million | ▲ +8.6 pp |
| 2017 | 40.8% | CA$1.43 Million | CA$3.51 Million | CA$6.22 Million | CA$4.79 Million | ▲ +9.3 pp |
| 2016 | 31.4% | CA$976.37K | CA$3.11 Million | CA$3.83 Million | CA$2.86 Million | ▲ +13.6 pp |
| 2015 | 17.9% | CA$488.39K | CA$2.73 Million | CA$3.65 Million | CA$3.16 Million | ▼ -39.8 pp |
| 2014 | 57.6% | CA$2.77 Million | CA$4.81 Million | CA$5.27 Million | CA$2.50 Million | ▲ +17.0 pp |
| 2013 | 40.6% | CA$1.55 Million | CA$3.82 Million | CA$3.64 Million | CA$2.09 Million | ▲ +1.5 pp |
| 2012 | 39.1% | CA$2.57 Million | CA$6.57 Million | CA$5.76 Million | CA$3.19 Million | ▲ +9.9 pp |
| 2011 | 29.2% | CA$1.87 Million | CA$6.41 Million | CA$3.90 Million | CA$2.03 Million | ▲ +13.4 pp |
| 2010 | 15.8% | CA$1.17 Million | CA$7.38 Million | CA$3.28 Million | CA$2.11 Million | ▼ -20.2 pp |
| 2009 | 36.0% | CA$3.79 Million | CA$10.52 Million | CA$5.82 Million | CA$2.03 Million | ▼ -2610.4 pp |
| 2008 | 2646.4% | CA$-2.09 Million | CA$-79.09K | CA$1.68 Million | CA$3.77 Million | ▲ +2557.2 pp |
| 2007 | 89.2% | CA$559.35K | CA$626.96K | CA$2.06 Million | CA$1.50 Million | ▼ -49.2 pp |
| 2006 | 138.4% | CA$-414.34K | CA$-299.30K | CA$816.39K | CA$1.23 Million | ▲ +19.7 pp |
| 2005 | 118.8% | CA$-226.37K | CA$-190.59K | CA$1.28 Million | CA$1.50 Million | ▼ -0.6 pp |
| 2004 | 119.4% | CA$-1.02 Million | CA$-852.33K | CA$513.88K | CA$1.53 Million | ▼ -3.1 pp |
| 2003 | 122.5% | CA$-1.78 Million | CA$-1.45 Million | CA$503.74K | CA$2.28 Million | ▼ -76.4 pp |
| 2002 | 198.9% | CA$-794.46K | CA$-399.36K | CA$589.12K | CA$1.38 Million | ▲ +63.5 pp |
| 2001 | 135.5% | CA$560.44K | CA$413.73K | CA$3.14 Million | CA$2.58 Million | ▼ -18.9 pp |
| 2000 | 154.4% | CA$-838.47K | CA$-543.14K | CA$296.47K | CA$1.13 Million | ▲ +48.8 pp |
| 1998 | 105.5% | CA$-721.14K | CA$-683.34K | CA$306.92K | CA$1.03 Million | ▲ +10.4 pp |
| 1997 | 95.1% | CA$-1.17 Million | CA$-1.23 Million | CA$17.75K | CA$1.19 Million | — |