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TMC (TMC The Metals Co) Property, Plant and Equipment : $47.00 Mil (As of Mar. 2025)


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What is TMC The Metals Co Property, Plant and Equipment?

TMC The Metals Co's quarterly net PPE declined from Sep. 2024 ($48.30 Mil) to Dec. 2024 ($47.54 Mil) and declined from Dec. 2024 ($47.54 Mil) to Mar. 2025 ($47.00 Mil).

TMC The Metals Co's annual net PPE increased from Dec. 2022 ($45.18 Mil) to Dec. 2023 ($50.00 Mil) but then declined from Dec. 2023 ($50.00 Mil) to Dec. 2024 ($47.54 Mil).


TMC The Metals Co Property, Plant and Equipment Historical Data

The historical data trend for TMC The Metals Co's Property, Plant and Equipment 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.

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TMC The Metals Co Property, Plant and Equipment Chart

TMC The Metals Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Property, Plant and Equipment
44.46 44.57 45.18 50.00 47.54

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
Property, Plant and Equipment 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 49.44 48.85 48.30 47.54 47.00

TMC The Metals Co Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


TMC The Metals Co  (NAS:TMC) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


TMC The Metals Co Property, Plant and Equipment 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