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Thermal Energy International Inc (TSE:TMG)
:TMG
Canadian Market

Thermal Energy International (TMG) Ratios

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Thermal Energy International Ratios

TSE:TMG's free cash flow for Q1 2026 was C$0.44. For the 2026 fiscal year, TSE:TMG's free cash flow was decreased by C$ and operating cash flow was C$0.03. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 25Dec 23Dec 22
Liquidity Ratios
Current Ratio
1.31 1.32 1.33 1.38 1.66
Quick Ratio
1.10 1.08 1.18 1.17 1.39
Cash Ratio
0.48 0.37 0.65 0.35 0.58
Solvency Ratio
0.06 0.06 0.12 0.11 -0.14
Operating Cash Flow Ratio
0.20 -0.22 0.50 0.18 -0.39
Short-Term Operating Cash Flow Coverage
3.18 -5.10 5.86 1.53 -2.06
Net Current Asset Value
C$ 1.92MC$ 1.53MC$ 843.65KC$ -559.77KC$ -1.54M
Leverage Ratios
Debt-to-Assets Ratio
0.10 0.13 0.23 0.35 0.55
Debt-to-Equity Ratio
0.36 0.44 1.12 2.40 4.93
Debt-to-Capital Ratio
0.27 0.31 0.53 0.71 0.83
Long-Term Debt-to-Capital Ratio
0.00 <0.01 0.29 0.54 0.74
Financial Leverage Ratio
3.57 3.35 4.85 6.86 8.92
Debt Service Coverage Ratio
1.13 1.40 1.59 1.30 -0.76
Interest Coverage Ratio
-0.15 1.80 3.28 2.54 -4.21
Debt to Market Cap
0.03 0.02 0.06 0.18 0.27
Interest Debt Per Share
<0.01 0.01 0.03 0.03 0.03
Net Debt to EBITDA
-3.23 -1.52 -1.44 1.09 -3.68
Profitability Margins
Gross Profit Margin
41.36%41.45%48.12%45.37%42.32%
EBIT Margin
0.92%1.36%5.47%5.42%-8.88%
EBITDA Margin
3.20%2.68%8.26%8.33%-4.86%
Operating Profit Margin
-0.12%1.36%5.28%5.42%-8.88%
Pretax Profit Margin
0.13%0.60%3.86%3.29%-11.00%
Net Profit Margin
-0.21%0.25%3.59%3.40%-12.07%
Continuous Operations Profit Margin
0.05%0.53%3.80%3.42%-11.55%
Net Income Per EBT
-156.39%40.62%93.03%103.46%109.80%
EBT Per EBIT
-109.00%44.32%73.11%60.70%123.77%
Return on Assets (ROA)
-0.43%0.61%5.54%5.31%-20.01%
Return on Equity (ROE)
-1.57%2.05%26.85%36.46%-178.46%
Return on Capital Employed (ROCE)
-0.74%9.17%22.45%20.72%-26.36%
Return on Invested Capital (ROIC)
-0.26%6.94%18.36%17.85%-23.38%
Return on Tangible Assets
-0.45%0.64%5.75%5.67%-22.41%
Earnings Yield
-0.30%0.35%2.21%3.97%-13.01%
Efficiency Ratios
Receivables Turnover
6.16 6.81 6.40 3.44 5.04
Payables Turnover
7.85 11.54 5.53 5.15 13.83
Inventory Turnover
8.91 9.54 8.43 6.80 8.26
Fixed Asset Turnover
23.74 22.42 14.30 13.59 10.33
Asset Turnover
2.09 2.49 1.54 1.56 1.66
Working Capital Turnover Ratio
10.96 10.09 7.91 7.26 4.83
Cash Conversion Cycle
53.76 60.23 34.28 88.82 90.23
Days of Sales Outstanding
59.29 53.61 57.00 106.04 72.44
Days of Inventory Outstanding
40.95 38.25 43.31 53.65 44.19
Days of Payables Outstanding
46.49 31.63 66.03 70.88 26.40
Operating Cycle
100.24 91.86 100.31 159.70 116.63
Cash Flow Ratios
Operating Cash Flow Per Share
0.01 >-0.01 0.03 <0.01 >-0.01
Free Cash Flow Per Share
<0.01 >-0.01 0.03 <0.01 -0.01
CapEx Per Share
<0.01 <0.01 <0.01 <0.01 <0.01
Free Cash Flow to Operating Cash Flow
0.96 1.05 0.93 0.94 1.22
Dividend Paid and CapEx Coverage Ratio
25.86 -21.53 12.63 13.45 -4.33
Capital Expenditure Coverage Ratio
25.86 -21.53 14.32 17.65 -4.64
Operating Cash Flow Coverage Ratio
1.28 -1.05 1.39 0.30 -0.31
Operating Cash Flow to Sales Ratio
0.06 -0.06 0.21 0.07 -0.10
Free Cash Flow Yield
8.58%-8.28%11.95%7.34%-13.50%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
-337.65 289.16 45.19 25.16 -7.68
Price-to-Sales (P/S) Ratio
0.70 0.71 1.62 0.86 0.93
Price-to-Book (P/B) Ratio
5.21 5.93 12.13 9.17 13.71
Price-to-Free Cash Flow (P/FCF) Ratio
11.65 -12.08 8.37 13.62 -7.41
Price-to-Operating Cash Flow Ratio
11.19 -12.64 7.78 12.85 -9.00
Price-to-Earnings Growth (PEG) Ratio
8.29 -3.12 1.81 -0.18 <0.01
Price-to-Fair Value
5.21 5.93 12.13 9.17 13.71
Enterprise Value Multiple
18.65 24.99 18.20 11.38 -22.78
Enterprise Value
16.81M 19.95M 38.94M 19.98M 17.61M
EV to EBITDA
18.65 24.99 18.20 11.38 -22.78
EV to Sales
0.60 0.67 1.50 0.95 1.11
EV to Free Cash Flow
9.93 -11.39 7.75 15.07 -8.83
EV to Operating Cash Flow
9.55 -11.92 7.21 14.21 -10.74
Tangible Book Value Per Share
0.02 0.02 0.02 <0.01 <0.01
Shareholders’ Equity Per Share
0.02 0.02 0.02 0.01 <0.01
Tax and Other Ratios
Effective Tax Rate
0.61 0.12 0.02 -0.04 -0.05
Revenue Per Share
0.16 0.17 0.15 0.13 0.10
Net Income Per Share
>-0.01 <0.01 <0.01 <0.01 -0.01
Tax Burden
-1.56 0.41 0.93 1.03 1.10
Interest Burden
0.14 0.44 0.71 0.61 1.24
Research & Development to Revenue
0.02 0.02 0.01 <0.01 >-0.01
SG&A to Revenue
0.12 0.22 0.24 0.22 0.29
Stock-Based Compensation to Revenue
<0.01 <0.01 <0.01 0.01 0.01
Income Quality
-40.32 -22.87 5.50 1.95 0.89
Currency in CAD