TMC the metals company Inc (TMC) — Working Capital to Net Assets Ratio
TMC the metals company Inc (TMC) has a Working Capital to Net Assets ratio of -174.1% as of December 2025. Working capital of $58.23 Million (current assets of $117.63 Million minus current liabilities of $59.40 Million) is measured against net assets of $-33.44 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See TMC the metals company Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TMC the metals company Inc Working Capital to Net Assets (2019–2025)
This chart shows how TMC the metals company Inc's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at -174.1%, reflecting working capital of $58.23 Million against net assets of $-33.44 Million USD. For the complete balance sheet picture, see how large is TMC the metals company Inc's balance sheet.
Annual Working Capital to Net Assets for TMC the metals company Inc (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for TMC the metals company Inc from 2019 to 2025, covering 7 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check financial resilience of TMC the metals company Inc to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -174.1% | $58.23 Million | $-33.44 Million | $117.63 Million | $59.40 Million | ▼ -461.5 pp |
| 2024 | 287.4% | $-49.20 Million | $-17.12 Million | $5.33 Million | $54.53 Million | ▲ +493.6 pp |
| 2023 | -206.2% | $-22.51 Million | $10.92 Million | $8.82 Million | $31.33 Million | ▼ -225.5 pp |
| 2022 | 19.2% | $7.99 Million | $41.51 Million | $49.60 Million | $41.61 Million | ▼ -47.6 pp |
| 2021 | 66.8% | $61.99 Million | $92.75 Million | $88.56 Million | $26.57 Million | ▲ +60.0 pp |
| 2020 | 6.8% | $2.47 Million | $36.25 Million | $10.22 Million | $7.76 Million | ▼ -166.9 pp |
| 2019 | 173.7% | $14.22 Million | $8.19 Million | $16.02 Million | $1.80 Million | — |