Thermal Energy International (TSXV:TMG) Cash-to-Debt : 1.41 (As of Aug. 2024)

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What is Thermal Energy International Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Thermal Energy International's cash to debt ratio for the quarter that ended in Aug. 2024 was 1.41.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Thermal Energy International could pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

The historical rank and industry rank for Thermal Energy International's Cash-to-Debt or its related term are showing as below:

TSXV:TMG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 1.43 Max: No Debt
Current: 1.41

During the past 13 years, Thermal Energy International's highest Cash to Debt Ratio was No Debt. The lowest was 0.41. And the median was 1.43.

TSXV:TMG's Cash-to-Debt is ranked better than
53.17% of 2994 companies
in the Industrial Products industry
Industry Median: 1.18 vs TSXV:TMG: 1.41

Thermal Energy International Cash-to-Debt Historical Data

The historical data trend for Thermal Energy International's Cash-to-Debt can be seen below:

* 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Thermal Energy International Cash-to-Debt Chart

Thermal Energy International Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Cash-to-Debt

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1.45

0.88

0.46

0.60

1.79

Thermal Energy International Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial															0.87	0.77	1.80	1.79	1.41

Competitive Comparison of Thermal Energy International's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Thermal Energy International's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thermal Energy International's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Thermal Energy International's Cash-to-Debt falls into.

Thermal Energy International Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Thermal Energy International's Cash to Debt Ratio for the fiscal year that ended in May. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6.965	/	(1.23	+	2.665)
	=	1.79

Thermal Energy International's Cash to Debt Ratio for the quarter that ended in Aug. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	5.048	/	(1.233	+	2.341)
	=	1.41

Thermal Energy International (TSXV:TMG) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Thermal Energy International Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Thermal Energy International's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Thermal Energy International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thermal Energy International Inc (TSXV:TMG) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

TMGEF:USA EUW:Germany

Address

36 Antares Drive, Suite 850, Ottawa, ON, CAN, K2E 7W5

Website

https://www.thermalenergy.com

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.

Executives

William Crossland	Director, Senior Officer
Isobel Catriona Wales	Senior Officer
Robert William Triebe	Senior Officer
Samuel Thomas Mawby	Senior Officer
Vincent Joseph Sands	Senior Officer
William Ollerhead	Director
Jie (julia) Zhang	Senior Officer
John Brownrigg Kelly	Director

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