TMC the metals company Inc (TMC) - Net Assets
Based on the latest financial reports, TMC the metals company Inc (TMC) has net assets worth $-40.62 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($175.62 Million) and total liabilities ($216.24 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TMC financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-40.62 Million |
| % of Total Assets | -23.13% |
| Annual Growth Rate | N/A |
| 5-Year Change | -147.22% |
| 10-Year Change | N/A |
| Growth Volatility | 206.72 |
TMC the metals company Inc - Net Assets Trend (2019–2024)
This chart illustrates how TMC the metals company Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of TMC the metals company Inc for the complete picture of this company's asset base.
Annual Net Assets for TMC the metals company Inc (2019–2024)
The table below shows the annual net assets of TMC the metals company Inc from 2019 to 2024. For live valuation and market cap data, see TMC the metals company Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-17.12 Million | -256.79% |
| 2023-12-31 | $10.92 Million | -73.69% |
| 2022-12-31 | $41.51 Million | -55.25% |
| 2021-12-31 | $92.75 Million | +155.84% |
| 2020-12-31 | $36.25 Million | +342.79% |
| 2019-12-31 | $8.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TMC the metals company Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 52520900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $477.22 Million | % |
| Other Comprehensive Income | $-1.20 Million | % |
| Other Components | $138.30 Million | % |
| Total Equity | $-17.12 Million | 100.00% |
TMC the metals company Inc Competitors by Market Cap
The table below lists competitors of TMC the metals company Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sino-Platinum Metals Co Ltd
SHG:600459
|
$2.23 Billion |
|
KPIT Technologies Limited
NSE:KPITTECH
|
$2.23 Billion |
|
Calumet Specialty Products Partners
NASDAQ:CLMT
|
$2.23 Billion |
|
DXP Enterprises Inc
NASDAQ:DXPE
|
$2.23 Billion |
|
Curaleaf Holdings Inc.
TO:CURA
|
$2.23 Billion |
|
Kaiser Aluminum Corporation
NASDAQ:KALU
|
$2.23 Billion |
|
Alupar Investimento SA
SA:ALUP11
|
$2.23 Billion |
|
Carl Zeiss Meditec AG
F:AFX
|
$2.23 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TMC the metals company Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,918,000 to -17,118,000, a change of -28,036,000 (-256.8%).
- Net loss of 81,943,000 reduced equity.
- New share issuances of 28,766,000 increased equity.
- Other comprehensive income increased equity by 13,000.
- Other factors increased equity by 25,128,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-81.94 Million | -478.69% |
| Share Issuances | $28.77 Million | +168.05% |
| Other Comprehensive Income | $13.00K | +0.08% |
| Other Changes | $25.13 Million | +146.79% |
| Total Change | $- | -256.79% |
Book Value vs Market Value Analysis
This analysis compares TMC the metals company Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.06 | $5.40 | x |
| 2020-12-31 | $0.20 | $5.40 | x |
| 2021-12-31 | $0.45 | $5.40 | x |
| 2022-12-31 | $0.17 | $5.40 | x |
| 2023-12-31 | $0.04 | $5.40 | x |
| 2024-12-31 | $-0.05 | $5.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TMC the metals company Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-320.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -526.07% | 0.00% | 0.00x | 2.24x | $-43.89 Million |
| 2020 | -156.21% | 0.00% | 0.00x | 1.51x | $-60.26 Million |
| 2021 | -152.34% | -149.65% | 0.71x | 1.44x | $-150.57 Million |
| 2022 | -411.91% | -120.53% | 1.50x | 2.28x | $-175.11 Million |
| 2023 | -675.77% | -102.43% | 1.05x | 6.31x | $-74.87 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-80.23 Million |
Industry Comparison
This section compares TMC the metals company Inc's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $191,311,075
- Average return on equity (ROE) among peers: -7.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TMC the metals company Inc (TMC) | $-40.62 Million | -526.07% | N/A | $2.23 Billion |
| Almonty Industries Inc. Common Shares (ALM) | $39.75 Million | -36.45% | 3.85x | $1.65 Billion |
| REalloys Inc. (ALOY) | $-1.76 Million | 0.00% | 0.00x | $589.33 Million |
| Atlas Lithium Corporation Common Stock (ATLX) | $-1.32 Million | 0.00% | 0.00x | $133.83 Million |
| China Natural Resources Inc (CHNR) | $177.45 Million | -13.88% | 0.80x | $4.90 Million |
| Compass Minerals International Inc (CMP) | $529.60 Million | 11.23% | 3.61x | $1.00 Billion |
| Critical Metals Corp. Ordinary Shares (CRML) | $151.00 Million | -0.23% | 0.06x | $1.11 Billion |
| Electra Battery Materials Corp (ELBM) | $137.53 Million | -6.26% | 0.03x | $54.97 Million |
| Sayona Mining Limited American Depository Shares (ELVR) | $884.82 Million | -1.54% | 0.14x | $467.91 Million |
| Evolution Metals & Technologies Corp. Common Stock (EMAT) | $-9.03 Million | 0.00% | 0.00x | $4.72 Billion |
| Foremost Lithium Resource & Technology Ltd. Common stock (FMST) | $5.07 Million | -31.46% | 0.17x | $19.86 Million |
About TMC the metals company Inc
TMC the metals company Inc., a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in two polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Oc… Read more