What is TMC The Metals Co Financial Strength?
TMC The Metals Co has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
TMC The Metals Co did not have earnings to cover the interest expense.
As of today, TMC The Metals Co's Altman Z-Score is 0.00.
Competitive Comparison of TMC The Metals Co's Financial Strength
For the Other Industrial Metals & Mining subindustry, TMC The Metals Co's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, TMC The Metals Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where TMC The Metals Co's Financial Strength falls into.
TMC The Metals Co Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
TMC The Metals Co's Interest Expense for the
months ended in Sep. 2024 was $-0.62 Mil. Its Operating Income for the
months ended in Sep. 2024 was $-19.96 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil.
TMC The Metals Co's Interest Coverage for the quarter that ended in Sep. 2024 is
| TMC The Metals Co did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
TMC The Metals Co's Debt to Revenue Ratio for the quarter that ended in Sep. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
TMC The Metals Co has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* 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 Business Description
Traded in Other Exchanges
N/A
Address
595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5
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). Geographically, the company has its presence in Nauru, Singapore, Tonga and North America. The CCZ is a geological submarine fracture zone of abyssal plains and other formations in the Eastern Pacific Ocean, with a length of around 7,240 kilometers (4,500 miles) that spans approximately 4,500,000 square kilometers (1,700,000 square miles).
Executives
| Craig Shesky |
officer: Chief Financial Officer |
570 BROOME STREET, APT. 13A, NEW YORK NY 10013 |
| Andrew Hall |
director |
16 BARONSFIELD ROAD, TWICKENHAM X0 TW1 2QU |
| Anthony O'sullivan |
officer: Chief Development Officer |
19 TENNYSON STREET, BULIMBA, QUEENSLAND C3 4171 |
| 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 |
| Sheila Khama |
director |
PO BOX 2007, GABORONE B1 00000 |
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