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TMC (TMC The Metals Co) Net-Net Working Capital : $-0.21 (As of Mar. 2025)


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What is TMC The Metals Co Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

TMC The Metals Co's Net-Net Working Capital for the quarter that ended in Mar. 2025 was $-0.21.

The industry rank for TMC The Metals Co's Net-Net Working Capital or its related term are showing as below:

TMC's Price-to-Net-Net-Working-Capital is not ranked *
in the Metals & Mining industry.
Industry Median: 7.44
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

TMC The Metals Co Net-Net Working Capital Historical Data

The historical data trend for TMC The Metals Co's Net-Net Working Capital 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.

* Premium members only.

TMC The Metals Co Net-Net Working Capital Chart

TMC The Metals Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
-0.05 0.20 -0.02 -0.17 -0.22

TMC The Metals Co Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Net-Net Working Capital 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 -0.18 -0.21 -0.25 -0.22 -0.21

Competitive Comparison of TMC The Metals Co's Net-Net Working Capital

For the Other Industrial Metals & Mining subindustry, TMC The Metals Co's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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's Price-to-Net-Net-Working-Capital Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, TMC The Metals Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where TMC The Metals Co's Price-to-Net-Net-Working-Capital falls into.


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TMC The Metals Co Net-Net Working Capital Calculation

TMC The Metals Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.48+0.75 * 0+0.5 * 0-80.116
-0-0)/340.708
=-0.22

TMC The Metals Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.346+0.75 * 5.012+0.5 * 0-81.251
-0-0)/356.617
=-0.21

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


TMC The Metals Co  (NAS:TMC) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


TMC The Metals Co Net-Net Working Capital Related Terms

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TMC The Metals Co Business Description

Traded in Other Exchanges
N/A
Address
1111 West Hastings Street, 15th Floor, Vancouver, BC, CAN, V6E 2J3
TMC The Metals Co Inc is a deep-sea minerals exploration company focused on the collection, processing, and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (CCZ). Polymetallic nodules are discrete rocks that sit unattached to the seafloor, occur in notable quantities in the CCZ, and have high concentrations of nickel, copper, cobalt, and manganese in a single rock. The company believes these four metals contained in the polymetallic nodules are critical for energy infrastructure and industrial manufacturing. The Company's business consists of only one operating segment, namely exploration of seafloor polymetallic nodules, which includes the development of a metallurgical process to treat such seafloor polymetallic nodules.
Executives
Anthony O'sullivan officer: Chief Development Officer 19 TENNYSON STREET, BULIMBA, QUEENSLAND C3 4171
Craig Shesky officer: Chief Financial Officer 570 BROOME STREET, APT. 13A, NEW YORK NY 10013
Erika Ilves officer: Head of Strategy & Bus. Devt. APT. 6403, JADDAF WATERFRONT TOWER D1, DUBAI C0 00000
Andrew Hall director 16 BARONSFIELD ROAD, TWICKENHAM X0 TW1 2QU
Gregory Stone officer: Chief Ocean Scientist 17350 SUNSET BLVD., 502, PACIFIC PALISADES CA 90272
Allseas Group S.a. 10 percent owner 18 ROUTE DE PRA DE PLAN, CASE POSTALE 411, CHATEL-SAINT-DENIS V8 1618
Andrei Karkar director, 10 percent owner 323 MARINA BOULEVARD, SAN FRANCISCO CA 94123
Gerard Barron director, officer: Chief Executive Officer APT. 6403, JADDAF WATERFRONT TOWER D1, DUBAI C0 00000
Argentum Cedit Virtuti Gcv 10 percent owner WIEGSTRAAT 21, ANTWERPEN C9 2000
Stichting Administratiekantoor Aequa Lance Foundation 10 percent owner C/O ALLSEAS GROUP S.A., 18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618
Edward Heerema 10 percent owner C/O ALLSEAS GROUP S.A., 18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618
Allseas Investments S.a. 10 percent owner 18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618
Andrew Carlyle Greig director 1 MACQUARIE ST, TENERIFFE, QLD C3 4005
Christian Madsbjerg director 36 WEST 13TH STREET, NEW YORK NY 10011
Amelia Kinahoi Siamomua director 3575 BEACHHILL DRIVE, ATLANTA GA 30340