Company / Interest Expense
TMC the metals Co Inc. Interest Expense History
FY2020-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$416.0K
FY2024
5-year range
-$1.0M / $1.3M
FY2020-FY2024
Trend
-67.9%
vs FY2023
Sector context
#45 of 52
Materials
What the data says
TMC the metals Co Inc.'s interest expense of $416,000 is lower than 87% of companies in the Materials sector (FY2024). Improved from $1M to $416,000 over the past 2 years.
Based on SEC 10-K filings.
$416,000 in FY2024.
Improved from $1M to $416,000 over the past 2 years.
Materials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Top 13% in MaterialsTop 13% of 52This company $416.0K Sector average $143.1M
▼
-99.7% below sector average
Key checks
Key Insights
- In FY2024, interest expense decreased 67.9% year-over-year.
- Ranks #45 out of 52 companies in the Materials sector.
- Peak interest expense was recorded in FY2023.
- Lowest interest expense in the period was in FY2021.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score -4.66 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $416.0K | -67.9% |
| FY2023 | $1.3M | +16.7% |
| FY2022 | $1.1M | +210.8% |
| FY2021 | -$1.0M | -1992.5% |
| FY2020 | $53.0K | - |
| FY2019 | - | - |
As of FY2024 · SEC Form 10-K · Last checked Jul 2, 2026