TORM Balance Sheet Health
Financial Health criteria checks 4/6
TORM has a total shareholder equity of $1.7B and total debt of $1.1B, which brings its debt-to-equity ratio to 63.2%. Its total assets and total liabilities are $2.9B and $1.2B respectively. TORM's EBIT is $648.2M making its interest coverage ratio 15.5. It has cash and short-term investments of $265.5M.
Key information
63.2%
Debt to equity ratio
US$1.05b
Debt
| Interest coverage ratio | 15.5x |
| Cash | US$265.54m |
| Equity | US$1.67b |
| Total liabilities | US$1.20b |
| Total assets | US$2.87b |
Recent financial health updates
Is TORM (CPH:TRMD A) Using Too Much Debt?
Feb 29
TORM (CPH:TRMD A) Seems To Use Debt Quite Sensibly
Oct 11These 4 Measures Indicate That TORM (CPH:TRMD A) Is Using Debt Reasonably Well
Jun 13Is TORM (CPH:TRMD A) Using Too Much Debt?
Feb 09TORM (CPH:TRMD A) Takes On Some Risk With Its Use Of Debt
Oct 18TORM (CPH:TRMD A) Use Of Debt Could Be Considered Risky
Jul 14Recent updates
We Take A Look At Why TORM plc's (CPH:TRMD A) CEO Has Earned Their Pay Packet
Apr 05Investors Shouldn't Be Too Comfortable With TORM's (CPH:TRMD A) Earnings
Mar 15TORM plc Beat Revenue Forecasts By 16%: Here's What Analysts Are Forecasting Next
Mar 11Growth Investors: Industry Analysts Just Upgraded Their TORM plc (CPH:TRMD A) Revenue Forecasts By 10%
Mar 09Is TORM (CPH:TRMD A) Using Too Much Debt?
Feb 29Is Now The Time To Put TORM (CPH:TRMD A) On Your Watchlist?
Jan 23Why Investors Shouldn't Be Surprised By TORM plc's (CPH:TRMD A) Low P/E
Dec 25Investors Shouldn't Overlook TORM's (CPH:TRMD A) Impressive Returns On Capital
Dec 11TORM (CPH:TRMD A) Seems To Use Debt Quite Sensibly
Oct 11Here's Why TORM (CPH:TRMD A) Has Caught The Eye Of Investors
Sep 11Are Investors Undervaluing TORM plc (CPH:TRMD A) By 32%?
Aug 24The Trend Of High Returns At TORM (CPH:TRMD A) Has Us Very Interested
Aug 09Some Confidence Is Lacking In TORM plc's (CPH:TRMD A) P/S
Jul 04These 4 Measures Indicate That TORM (CPH:TRMD A) Is Using Debt Reasonably Well
Jun 13Why The 25% Return On Capital At TORM (CPH:TRMD A) Should Have Your Attention
Apr 10Analysts' Revenue Estimates For TORM plc (CPH:TRMD A) Are Surging Higher
Mar 15Is TORM (CPH:TRMD A) Using Too Much Debt?
Feb 09TORM's (CPH:TRMD A) Returns On Capital Are Heading Higher
Dec 08Analysts Are Betting On TORM plc (CPH:TRMD A) With A Big Upgrade This Week
Nov 13TORM (CPH:TRMD A) Takes On Some Risk With Its Use Of Debt
Oct 18TORM plc (CPH:TRMD A) Analysts Just Slashed This Year's Revenue Estimates By 12%
Sep 06Analysts Just Published A Bright New Outlook For TORM plc's (CPH:TRMD A)
Aug 11TORM (CPH:TRMD A) Might Be Having Difficulty Using Its Capital Effectively
Aug 04TORM (CPH:TRMD A) Use Of Debt Could Be Considered Risky
Jul 14Broker Revenue Forecasts For TORM plc (CPH:TRMD A) Are Surging Higher
May 20TORM (CPH:TRMD A) Might Be Having Difficulty Using Its Capital Effectively
Apr 30Is TORM (CPH:TRMD A) Using Too Much Debt?
Mar 27Health Check: How Prudently Does TORM (CPH:TRMD A) Use Debt?
Dec 11Is TORM (CPH:TRMD A) A Risky Investment?
Jul 20Shareholders May Be More Conservative With TORM plc's (CPH:TRMD A) CEO Compensation For Now
Apr 07Investors Met With Slowing Returns on Capital At TORM (CPH:TRMD A)
Mar 31What Type Of Shareholders Own The Most Number of TORM plc (CPH:TRMD A) Shares?
Mar 10Financial Position Analysis
Short Term Liabilities: TRMD A's short term assets ($691.3M) exceed its short term liabilities ($265.5M).
Long Term Liabilities: TRMD A's short term assets ($691.3M) do not cover its long term liabilities ($938.7M).
Debt to Equity History and Analysis
Debt Level: TRMD A's net debt to equity ratio (47.3%) is considered high.
Reducing Debt: TRMD A's debt to equity ratio has reduced from 85.5% to 63.2% over the past 5 years.
Debt Coverage: TRMD A's debt is well covered by operating cash flow (76.5%).
Interest Coverage: TRMD A's interest payments on its debt are well covered by EBIT (15.5x coverage).