TMC the metals company Inc.
NasdaqGS:TMC Stock Report
TMC the metals Balance Sheet Health
Financial Health criteria checks 0/6 TMC the metals has a total shareholder equity of $-9.6M and total debt of $5.9M, which brings its debt-to-equity ratio to -61.2%. Its total assets and total liabilities are $60.6M and $70.3M respectively.
Key information
-61.2%
Debt to equity ratio
Interest coverage ratio n/a Cash US$474.00k Equity -US$9.61m Total liabilities US$70.25m Total assets US$60.65m
Recent financial health updates
TMC the Metals Company Receives a Written Notice from the Nasdaq Stock Market LLC Dec 07
Show all updates
The Metals Company: High-Potential Deep-Sea Mining Company, But Regulatory And Financial Uncertainty Remain Oct 17
New minor risk - Share price stability Sep 16
New major risk - Negative shareholders equity Aug 16
New minor risk - Profitability Aug 15
No longer forecast to breakeven Aug 15
TMC the metals: A Speculative Buy Where Patience Could Benefit The Brave Jun 14
The Metals Company Welcomes Prominent Sustainability Strategist Brendan May to its Board of Directors Jun 05
Chief Development Officer recently sold US$150k worth of stock Jun 03
Chief Development Officer notifies of intention to sell stock May 31
Chief Development Officer recently sold US$142k worth of stock May 26
Chief Development Officer notifies of intention to sell stock May 23
TMC the metals company Inc., Annual General Meeting, May 30, 2024 Apr 20
No longer forecast to breakeven Apr 03
Chief Development Officer recently sold US$67k worth of stock Apr 02
Chief Development Officer notifies of intention to sell stock Apr 01
Chief Financial Officer recently sold US$376k worth of stock Mar 25
Forecast to breakeven in 2026 Dec 31
Chief Development Officer recently sold US$69k worth of stock Dec 01
Chief Development Officer recently sold US$142k worth of stock Oct 01
Price target increased by 33% to US$4.00 Jul 09
Chief Development Officer notifies of intention to sell stock Jun 28
Forecast to breakeven in 2025 Apr 01
Forecast to breakeven in 2025 Mar 25
Forecast to breakeven in 2025 Dec 31
TMC the Metals Company Receives a Written Notice from the Nasdaq Stock Market LLC Dec 07
Price target decreased to US$3.00 Nov 16
High number of new and inexperienced directors Nov 16
TMC the Metals Company Inc. Announces Management Changes Nov 15
The Metals Company Announces Executive Changes Oct 21
TMC the Metals Company Inc. Successfully Collects an Initial Batch of Seafloor Polymetallic Nodules Oct 13
the Metals Company Subsidiary NORI Commences Monitoring of the Environmental Impacts of Pilot Nodule Collection System Trials in the Clarion-Clipperton Zone Oct 06
Chief Development Officer recently sold US$53k worth of stock Oct 05
TMC the metals company Inc. Announces Board Changes Oct 04
TMC signs labor neutrality agreement with UAW Sep 30
Chief Development Officer recently sold US$61k worth of stock Sep 23 TMC the metals company Inc. announced that it has received $30.399999 million in funding from ERAS Capital, LLC Aug 27
TMC the metals company: Profiling A Lottery Ticket Aug 22
CEO & Chairman of the Board recently bought US$100k worth of stock Aug 17
TMC the metals company Inc. (NasdaqGS:TMC) acquired Tonga Offshore Mining Ltd. Aug 17
TMC the metals company Inc. Announces Successful Deepwater Commissioning of Riser Pipe and Jumper Hose Designed to Lift Polymetallic Nodules from Seafloor to Surface May 20
the Metals Company and Allseas Announce Successful Deep-Water Test of Polymetallic Nodule Collector Vehicle in the Atlantic Ocean At A Depth of Nearly 2,500 Meters May 06
Price target decreased to US$4.00 Apr 27
High number of new and inexperienced directors Apr 27
TMC the metals company Inc., Annual General Meeting, May 31, 2022 Apr 15
Lead Independent Director recently bought US$60k worth of stock Apr 02
In For A Nickel With TMC The Metals Company Mar 17
TMC The Metals Company: Not A Story I Believe, Sadly Mar 07
The Metals Company Appoints Kathleen McAllister as New Independent Board Director & Audit Committee Chair Feb 11
High number of new and inexperienced directors Jan 01
TMC The Metals Company: Pressing Environmental Concerns Dec 07
Bronstein, Gewirtz & Grossman, LLC Notifies TMC the Metals Company Inc. Investors of Class Action and Encourages Investors to Contact the Firm Dec 05
CEO & Chairman of the Board recently bought US$150k worth of stock Oct 02
No independent directors Sep 13
Financial Position Analysis
Short Term Liabilities: TMC has negative shareholder equity , which is a more serious situation than short term assets not covering short term liabilities .
Long Term Liabilities: TMC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities .
Debt to Equity History and Analysis
Debt Level: TMC has negative shareholder equity , which is a more serious situation than a high debt level.
Reducing Debt: TMC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Cash Runway Analysis For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: TMC has less than a year of cash runway based on its current free cash flow .
Forecast Cash Runway: TMC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.7% each year
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