TMC the metals company (TMC)

Net assets on the balance sheet as of September 2024 : -NZ$37.06 Million

According to TMC the metals company's latest financial reports the company has -NZ$37.06 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
2023-12-31	$NZ$17.26 M	-73.59%
2022-12-31	$NZ$65.37 M	-51.86%
2021-12-31	$NZ$0.13 B	170.26%
2020-12-31	$NZ$50.24 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