Thermal Energy International Inc.

Thermal Energy International Inc.verified

TMG.V

Price:

$0.245

Market Cap:

$40.30M

Thermal Energy International Inc. engages in the development, engineering, and supply of pollution control products, heat recovery systems, and condensate return solutions in North America, Europe, and internationally. Its products include GEM steam traps; FLU-ACE, a direct contact condensing heat recovery system that recycles the heat lost through the boiler flue gas exhaust; DRY-REX, a low temperature biomass dryer; indirect contact heat recovery equipment; boiler economizers under the HeatSponge brand; wet and dry steam accumulators; electricity co-generation solutions; turn-key thermal energy solutions; and water treatment products and services. It serves food and beverage, pulp and pape...[Read more]

Industry

Industrial - Pollution & Treatment Controls

IPO Date

1995-11-29

Stock Exchange

TSXV

Ticker

TMG.V

The Current Ratio as of September 2024 (TTM) for Thermal Energy International Inc. (TMG.V) is 1.31

According to Thermal Energy International Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.31. This represents a change of -6.43% compared to the average of 1.40 of the last 4 quarters.

Thermal Energy International Inc. (TMG.V) Historical Current Ratio (quarterly & annually)

How has TMG.V Current Ratio performed in the past?

The mean historical Current Ratio of Thermal Energy International Inc. over the last ten years is 1.51. The current 1.31 Current Ratio has changed 8.57% with respect to the historical average. Over the past ten years (40 quarters), TMG.V's Current Ratio was at its highest in in the May 2014 quarter at 2.11. The Current Ratio was at its lowest in in the February 2019 quarter at 0.83.

Quarterly (TTM)
Annual

Average

1.51

Median

1.41

Minimum

1.15

Maximum

2.11

Thermal Energy International Inc. (TMG.V) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Thermal Energy International Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 20.92%

Maximum Annual Current Ratio = 2.11

Minimum Annual Increase = -45.20%

Minimum Annual Current Ratio = 1.15

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.38-16.65%
20221.66-7.94%
20211.8015.77%
20201.5515.86%
20191.34-7.04%
20181.4411.04%
20171.30-3.21%
20161.3416.22%
20151.15-45.20%
20142.1120.92%

Thermal Energy International Inc. (TMG.V) Average Current Ratio

How has TMG.V Current Ratio performed in the past?

The current Current Ratio of Thermal Energy International Inc. (TMG.V) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.61

5-year avg

1.55

10-year avg

1.51

Thermal Energy International Inc. (TMG.V) Current Ratio vs. Peers

How is TMG.V’s Current Ratio compared to its peers?

Thermal Energy International Inc.’s Current Ratio is greater than Environmental Waste International Inc. (0.09), less than Aurora Solar Technologies Inc. (1.96), less than Eguana Technologies Inc. (2.28), less than BioRem Inc. (1.57), less than Current Water Technologies Inc. (2.89),

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