TMC The Metals Co (TMC The Metals Co) Interest Expense : $-0.78 Mil (TTM As of Dec. 2023)

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What is TMC The Metals Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TMC The Metals Co's interest expense for the three months ended in Dec. 2023 was $ -0.25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.78 Mil.

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 Operating Income for the three months ended in Dec. 2023 was $ -33.26 Mil. TMC The Metals Co's Interest Expense for the three months ended in Dec. 2023 was $ -0.25 Mil. 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. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

TMC The Metals Co Interest Expense Historical Data

The historical data trend for TMC The Metals Co's Interest Expense 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 Interest Expense Chart

TMC The Metals Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1.00

-0.78

TMC The Metals Co Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial									-	-0.03	-0.25	-0.25	-0.25

TMC The Metals Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.78 Mil.

TMC The Metals Co (NAS:TMCWW) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

TMC The Metals Co's Interest Expense for the three months ended in Dec. 2023 was $-0.25 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-33.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.00 Mil.

TMC The Metals Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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.

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 » Interest Expense

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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.