TMC the metals Balance Sheet Health
Financial Health criteria checks 2/6
TMC the metals has a total shareholder equity of $-21.5M and total debt of $9.2M, which brings its debt-to-equity ratio to -42.7%. Its total assets and total liabilities are $61.3M and $82.8M respectively.
Key information
-42.7%
Debt to equity ratio
US$9.18m
Debt
| Interest coverage ratio | n/a |
| Cash | US$360.00k |
| Equity | -US$21.47m |
| Total liabilities | US$82.78m |
| Total assets | US$61.31m |
Recent financial health updates
Recent updates
The Metals Company: High-Potential Deep-Sea Mining Company, But Regulatory And Financial Uncertainty Remain
Oct 17TMC the metals: A Speculative Buy Where Patience Could Benefit The Brave
Jun 14TMC signs labor neutrality agreement with UAW
Sep 30TMC the metals company: Profiling A Lottery Ticket
Aug 22In For A Nickel With TMC The Metals Company
Mar 17TMC The Metals Company: Not A Story I Believe, Sadly
Mar 07TMC The Metals Company: Pressing Environmental Concerns
Dec 07Financial 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.
Balance Sheet
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 sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TMC is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.