TMC the metals company (TMC)

Net assets on the balance sheet as of June 2024 : -£7.4 Million

According to TMC the metals company's latest financial reports the company has -£7.4 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

TMC the metals company - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$£34.3 M	-50.07%
2021-12-31	$£68.71 M	158.34%
2020-12-31	$£26.59 M

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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TMC the metals company (TMC) - Net assets