TMC the metals company (TMC)

Net assets on the balance sheet as of June 2024 : -$9.61 Million USD

According to TMC the metals company's latest financial reports the company has -$9.61 Million USD 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	$$41.5 M	-55.25%
2021-12-31	$$92.75 M	155.84%
2020-12-31	$$36.25 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