Is TMC the metals Co Inc. (TMC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.4% / 30% | 0.1% / 30% | 0.0% / 30% | N/A | ✓ HALAL |
| DJIM | 0.4% / 33% | 0.1% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| MSCI | 18.7% / 33% | 5.5% / 33% | 0.4% / 33% | N/A | ✓ HALAL |
| S&P | 0.4% / 33% | 0.1% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| FTSE | 18.7% / 33% | 5.5% / 33% | 0.4% / 50% | N/A | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -71.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$43M |
| Free Cash Flow | -$44M |
| Total Debt | $12M |
| Current Ratio | 2.0 |
| Total Assets | $63M |
Price & Trading
| Last Close | $4.61 |
| 50-Day MA | $6.38 |
| 200-Day MA | $6.48 |
| Avg Volume | 7.8M |
|
52-Week Range
$1.57
| |
About TMC the metals Co Inc. (TMC)
TMC the metals company Inc., a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in two polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean. Its products are used in electric vehicles (EV) and energy storage markets; manganese alloy production required for steel production; and EV wiring, energy transmission, and other applications. The company was founded in 2011 and is based in Vancouver, Canada.
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Frequently Asked Questions
Is TMC the metals Co Inc. (TMC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), TMC the metals Co Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is TMC the metals Co Inc.'s debt ratio?
TMC the metals Co Inc.'s debt ratio is 0.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 18.7%.
What are TMC the metals Co Inc.'s key financial metrics?
TMC the metals Co Inc. has a market capitalization of $2.3B.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.