TMC

Did not qualify for any screen.

• Liabilities exceed assets Shareholders' equity is negative at -$33.4M as of Dec 31, 2025. What is left for shareholders after creditors is, on the balance sheet, less than nothing.
• Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
• Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
• Shareholders diluted The share count rose 24.1% over the year, from 341m to 423m shares. Each existing share owns a smaller fraction of the company than it did a year ago.