TMC The Metals Co (TMC The Metals Co) Total Assets : $68.90 Mil (As of Dec. 2023)

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What is TMC The Metals Co Total Assets?

TMC The Metals Co's Total Assets for the quarter that ended in Dec. 2023 was $68.90 Mil.

During the past 12 months, TMC The Metals Co's average Total Assets Growth Rate was 29.50% per year. During the past 3 years, the average Total Assets Growth Rate was 11.60% per year.

During the past 4 years, TMC The Metals Co's highest 3-Year average Total Assets Growth Rate was 11.60%. The lowest was 11.60%. And the median was 11.60%.

Total Assets is connected with ROA %. TMC The Metals Co's annualized ROA % for the quarter that ended in Dec. 2023 was -241.37%. Total Assets is also linked to Revenue through Asset Turnover. TMC The Metals Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

TMC The Metals Co Total Assets Historical Data

The historical data trend for TMC The Metals Co's Total Assets 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 Total Assets Chart

TMC The Metals Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

54.69

133.13

94.78

68.90

TMC The Metals Co Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial									94.78	85.30	75.16	87.57	68.90

TMC The Metals Co Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

TMC The Metals Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	10.918	+	57.978
	=	68.90

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

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	10.918	+	57.978
	=	68.90

TMC The Metals Co (NAS:TMCWW) Total Assets Explanation

Total Assets is connected with ROA %.

TMC The Metals Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-188.836	/	( (87.574	+	68.896)	/ 2 )
	=	-188.836	/	78.235
	=	-241.37 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

TMC The Metals Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (87.574	+	68.896)	/ 2 )
=	0	/	78.235
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

TMC The Metals Co Total Assets 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 » Total Assets

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.