TMC (TMC The Metals Co) Current Ratio: 2.17 (As of Mar. 2026) — 34% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TMC TMC The Metals Co Inc TMC
30 GF Score
Price $3.74
! 3 Warning Signs
View Full Analysis

What is TMC The Metals Co Current Ratio?

TMC The Metals Co TMC -0.40% 30 Current Ratio is 2.17 as of Mar. 2026, which is 34% above its 10-year median of 1.62. GuruFocus rates TMC with a GF Score™ of 30/100. The stock has 3 warning signs investors should review. Among 2,642 Metals & Mining companies, TMC The Metals Co ranks worse than 55.26% on this metric.

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. TMC The Metals Co's current ratio for the quarter that ended in Mar. 2026 was 2.17.

TMC The Metals Co has a current ratio of 2.17. It generally indicates good short-term financial strength.

The historical rank and industry rank for TMC The Metals Co's Current Ratio or its related term are showing as below:

TMC' s Current Ratio Range Over the Past 10 Years
Min: 0.04   Med: 1.62   Max: 5.55
Current: 2.17

During the past 6 years, TMC The Metals Co's highest Current Ratio was 5.55. The lowest was 0.04. And the median was 1.62.

TMC's Current Ratio is ranked worse than
55.26% of 2642 companies
in the Metals & Mining industry
Industry Median: 2.635 vs TMC: 2.17

TMC The Metals Co  (NAS:TMC) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


TMC The Metals Co Current Ratio Related Terms


TMC The Metals Co Current Ratio Historical Data

* Premium members only.

The historical data trend for TMC The Metals Co's Current Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TMC The Metals Co Current Ratio Chart

TMC The Metals Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Current Ratio
Get a 7-Day Free Trial 3.33 1.19 0.28 0.10 2.03

TMC The Metals Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 2.37 2.50 2.03 2.17

TMC vs SSMR, NEXA, NVA: Current Ratio Comparison

For the Other Industrial Metals & Mining subindustry, TMC The Metals Co's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TMC The Metals Co Current Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, TMC The Metals Co's Current Ratio distribution charts can be found below:

* The bar in red indicates where TMC The Metals Co's Current Ratio falls into.


TMC
30GF Score
TMC The Metals Co Inc TMC
Current Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TMC The Metals Co Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

TMC The Metals Co's Current Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Current Ratio (A: Dec. 2025 )=Total Current Assets (A: Dec. 2025 )/Total Current Liabilities (A: Dec. 2025 )
=120.682/59.399
=2.03

TMC The Metals Co's Current Ratio for the quarter that ended in Mar. 2026 is calculated as

Current Ratio (Q: Mar. 2026 )=Total Current Assets (Q: Mar. 2026 )/Total Current Liabilities (Q: Mar. 2026 )
=122.779/56.547
=2.17

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Current Ratio →
What does a Current Ratio of 2.17 mean?
TMC The Metals Co (TMC) has a Current Ratio of 2.17 as of Mar. 2026. This is 34% above median its historical median of 1.62. Over the past decade, TMC The Metals Co's Current Ratio has ranged from 0.04 to 5.55. According to the industry distribution chart, TMC The Metals Co ranks #1460 out of 2642 companies in the Metals & Mining industry, placing it in the top 55.3%.
Is TMC The Metals Co's Current Ratio too high?
TMC The Metals Co's current Current Ratio of 2.17 is 34% above median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 5.55. The Metals & Mining industry median Current Ratio is 2.64. TMC The Metals Co's value of 2.17 is 17.6% below this industry median. Based on the distribution chart, TMC The Metals Co ranks #1460 out of 2642 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, TMC The Metals Co has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does TMC The Metals Co's Current Ratio compare to SSMR and NEXA?
According to the Metals & Mining industry distribution chart, TMC The Metals Co ranks #1460 out of 2642 companies for Current Ratio. This places TMC The Metals Co in the lower half of its industry. The industry median Current Ratio is 2.64. TMC The Metals Co's value of 2.17 is 17.6% below this benchmark. Historically, TMC The Metals Co's own Current Ratio has ranged from 0.04 to 5.55 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 2.64, TMC The Metals Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Metals & Mining company?
The median Current Ratio among Metals & Mining companies is 2.64, based on 2,642 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TMC The Metals Co's current Current Ratio of 2.17 is 17.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Metals & Mining industry, the median Current Ratio is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TMC The Metals Co's current Current Ratio is 2.17, which is 34% above median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TMC The Metals Co stock overvalued right now?
TMC The Metals Co (TMC) has a current Current Ratio of 2.17. The current Current Ratio is 2.17, which is 34% above median its 10-year median of 1.62 and 17.6% below the Metals & Mining industry median of 2.64. TMC The Metals Co's overall GF Score™ is 30/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For TMC The Metals Co (TMC), the current Current Ratio is 2.17 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TMC The Metals Co Business Description

Address 1111 West Hastings Street, 15th Floor, Vancouver, BC, CAN, V6E 2J3
TMC The Metals Co Inc is a deep seabed minerals developer focused on the collection, processing and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (CCZ), approximately 1,500 miles (or 2,400 kilometers) south-west of San Diego, California. The company operates as a single operating and reportable segment, namely exploration of seafloor polymetallic nodules, which includes the development of a metallurgical process to treat such seafloor polymetallic nodules.
30GF Score

Get the complete analysis for TMC

Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.74
Price