TMC The Metals Co (TMC The Metals Co) Cash-to-Debt

: No Debt ⁽¹⁾ (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. TMC The Metals Co's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, TMC The Metals Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for TMC The Metals Co's Cash-to-Debt or its related term are showing as below:

TMCWW' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 4 years, TMC The Metals Co's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TMCWW's Cash-to-Debt is ranked better than
99.92% of 2633 companies
in the Metals & Mining industry
Industry Median: 18.1 vs TMCWW: No Debt

TMC The Metals Co Cash-to-Debt Historical Data

The historical data trend for TMC The Metals Co's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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TMC The Metals Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

TMC The Metals Co Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt										No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, TMC The Metals Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt Distribution

For the Metals & Mining industry and Basic Materials sector, TMC The Metals Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where TMC The Metals Co's Cash-to-Debt falls into.

TMC The Metals Co Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

TMC The Metals Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

TMC The Metals Co had no debt ⁽¹⁾.

TMC The Metals Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

TMC The Metals Co had no debt ⁽¹⁾.

TMC The Metals Co (NAS:TMCWW) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

TMC The Metals Co Cash-to-Debt 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-to-Debt

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.