TMC The Metals Co (TMC The Metals Co) Cash And Cash Equivalents : $6.84 Mil (As of Dec. 2023)

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What is TMC The Metals Co Cash And Cash Equivalents?

TMC The Metals Co's quarterly cash and cash equivalents increased from Jun. 2023 ($20.01 Mil) to Sep. 2023 ($22.55 Mil) but then stayed the same from Sep. 2023 ($22.55 Mil) to Dec. 2023 ($6.84 Mil).

TMC The Metals Co's annual cash and cash equivalents declined from Dec. 2021 ($84.87 Mil) to Dec. 2022 ($46.88 Mil) and declined from Dec. 2022 ($46.88 Mil) to Dec. 2023 ($6.84 Mil).

TMC The Metals Co Cash And Cash Equivalents Historical Data

The historical data trend for TMC The Metals Co's Cash And Cash Equivalents 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 Cash And Cash Equivalents Chart

TMC The Metals Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

10.10

84.87

46.88

6.84

TMC The Metals Co Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial									46.88	28.39	20.01	22.55	6.84

TMC The Metals Co Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

TMC The Metals Co (NAS:TMCWW) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

TMC The Metals Co Cash And Cash Equivalents Related Terms

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TMC The Metals Co (TMC The Metals Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TMC The Metals Co Inc (NAS:TMCWW) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

TMC:USA

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.metals.co

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. Geographically, the company has its presence in Nauru, Singapore, Tonga and North America.