Thermal Energy InternationalTMGEF +7.44%65 Interest Coverage is 20.57 as of Feb. 2026, which is 551% above its 10-year median of 3.16. GuruFocus rates TMGEF with a GF Score™ of 65/100 and a GF Value™ of $0.18 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,325 Industrial Products companies, Thermal Energy International ranks worse than 54.45% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Thermal Energy International's
Operating Income
for the
three
months ended in Feb. 2026 was $0.43 Mil. Thermal Energy International's Interest Expense for the
three
months ended in Feb. 2026 was $-0.02 Mil.
Thermal Energy International's interest coverage for the quarter that ended in Feb. 2026 was 20.57.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Thermal Energy International's Interest Coverage or its related term are showing as below:
TMGEF'
s Interest Coverage Range Over the Past 10 Years
Min: 1.06 Med: 3.16 Max: No Debt
Current: 12.14
TMGEF's Interest Coverage is ranked worse than 54.45% of 2325
companies
in the Industrial Products industry
Industry Median: 14.8
vs TMGEF: 12.14
Thermal Energy International (OTCPK:TMGEF) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Thermal Energy International Interest Coverage Related Terms
Thermal Energy International Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Thermal Energy International Interest Coverage Chart
TMGEF vs VLTO, ZWS, CECO: Interest Coverage Comparison
For the Pollution & Treatment Controls subindustry, Thermal Energy International's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Thermal Energy International's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Thermal Energy International's Interest Coverage falls into.
Thermal Energy International Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (TMGEF) has a Interest Coverage of 20.57 as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Thermal Energy International and its competitors. This is 551% above median its historical median of 3.16. Over the past decade, Thermal Energy International's Interest Coverage has ranged from 1.06 to 10,000.00. According to the industry distribution chart, Thermal Energy International ranks #1266 out of 2325 companies in the Industrial Products industry, placing it in the top 54.5%.
Is Thermal Energy International's Interest Coverage too high?
Thermal Energy International's current Interest Coverage of 20.57 is 551% above median its 10-year median of 3.16. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 10,000.00. The Industrial Products industry median Interest Coverage is 14.80. Thermal Energy International's value of 20.57 is 39% above this industry median. Based on the distribution chart, Thermal Energy International ranks #1266 out of 2325 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Thermal Energy International has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thermal Energy International's Interest Coverage compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Thermal Energy International ranks #1266 out of 2325 companies for Interest Coverage. This places Thermal Energy International in the lower half of its industry. The industry median Interest Coverage is 14.80. Thermal Energy International's value of 20.57 is 39% above this benchmark. Historically, Thermal Energy International's own Interest Coverage has ranged from 1.06 to 10,000.00 over the past decade. While the company's 10-year median is 3.16 vs. the industry median of 14.80, Thermal Energy International has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.80, based on 2,325 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thermal Energy International's current Interest Coverage of 20.57 is 39% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Thermal Energy International and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermal Energy International's current Interest Coverage is 20.57, which is 551% above median its own 10-year median of 3.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermal Energy International stock overvalued right now?
Based on GuruFocus' analysis, Thermal Energy International (TMGEF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.18, compared to a current price of $0.12 — trading 35.1% below its estimated fair value. The current Interest Coverage is 20.57, which is 551% above median its 10-year median of 3.16 and 39% above the Industrial Products industry median of 14.80. Thermal Energy International's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Thermal Energy International (TMGEF), the current Interest Coverage is 20.57 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thermal Energy International (TMGEF) Overvalued in 2026?
Based on GuruFocus' analysis, Thermal Energy International stock appears to be undervalued.
The current stock price of $0.12 is trading 35.1% below its estimated GF Value™ of $0.18.
GuruFocus considers Thermal Energy International to be Possible Value Trap.
Key valuation signals for TMGEF:
Interest Coverage: 20.57 (551% above median its 10-year median of 3.16)
GF Value™: $0.18 vs. price of $0.12 (35.1% below fair value)
Industry Position: 39% above the Industrial Products median (#1266 of 2325)
No single metric tells the full story. See the TMGEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
65GF Score
Get the complete analysis for TMGEF
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TMGEF has been successfully added to your 
