Thermal Energy International has a Cash Ratio of 0.56. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Thermal Energy International's Cash Ratio or its related term are showing as below:
TSXV:TMG'
s Cash Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.56 Max: 1.09
Current: 0.56
During the past 13 years, Thermal Energy International's highest Cash Ratio was 1.09. The lowest was 0.23. And the median was 0.56.
TSXV:TMG's Cash Ratio is ranked better than 52.51% of 2984
companies
in the Industrial Products industry
Industry Median: 0.52
vs TSXV:TMG: 0.56
Thermal Energy International Cash Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Thermal Energy International's Cash Ratio
For the Pollution & Treatment Controls subindustry, Thermal Energy International's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Thermal Energy International's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Thermal Energy International's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Thermal Energy International's Cash Ratio falls into.
Thermal Energy International Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thermal Energy International (TSXV:TMG) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Thermal Energy International Cash Ratio Related Terms
Thank you for viewing the detailed overview of Thermal Energy International's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.
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