TMC the metals company (TMC)

Net assets on the balance sheet as of September 2024 : -S$29 Million

According to TMC the metals company's latest financial reports the company has -S$29 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	$S$55.64 M	-55.63%
2021-12-31	$S$0.12 B	161.44%
2020-12-31	$S$47.96 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