TORM Balance Sheet Health
Financial Health criteria checks 5/6
TORM has a total shareholder equity of $2.2B and total debt of $888.9M, which brings its debt-to-equity ratio to 41.3%. Its total assets and total liabilities are $3.2B and $1.0B respectively. TORM's EBIT is $316.6M making its interest coverage ratio 5.3. It has cash and short-term investments of $209.3M.
Key information
41.29%
Debt to equity ratio
US$888.90m
Debt
| Interest coverage ratio | 5.3x |
| Cash | US$209.30m |
| Equity | US$2.15b |
| Total liabilities | US$1.05b |
| Total assets | US$3.20b |
Recent financial health updates
These 4 Measures Indicate That TORM (CPH:TRMD A) Is Using Debt Reasonably Well
Jan 22
TORM (CPH:TRMD A) Has A Pretty Healthy Balance Sheet
Sep 30Is TORM (CPH:TRMD A) Using Too Much Debt?
Feb 29TORM (CPH:TRMD A) Seems To Use Debt Quite Sensibly
Oct 11Recent updates
Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its Problems
Nov 16Are Investors Undervaluing TORM plc (CPH:TRMD A) By 38%?
Oct 24The Returns At TORM (CPH:TRMD A) Aren't Growing
Oct 09There Is A Reason TORM plc's (CPH:TRMD A) Price Is Undemanding
Sep 23An Intrinsic Calculation For TORM plc (CPH:TRMD A) Suggests It's 48% Undervalued
Jul 24TORM (CPH:TRMD A) Is Experiencing Growth In Returns On Capital
Jul 07Why TORM's (CPH:TRMD A) Shaky Earnings Are Just The Beginning Of Its Problems
May 17Shareholders May Not Be So Generous With TORM plc's (CPH:TRMD A) CEO Compensation And Here's Why
Apr 09TORM plc's (CPH:TRMD A) Business And Shares Still Trailing The Market
Mar 26Revenue Beat: TORM plc Exceeded Revenue Forecasts By 24% And Analysts Are Updating Their Estimates
Mar 10These 4 Measures Indicate That TORM (CPH:TRMD A) Is Using Debt Reasonably Well
Jan 22Investors Shouldn't Overlook TORM's (CPH:TRMD A) Impressive Returns On Capital
Dec 22TORM plc's (CPH:TRMD A) Prospects Need A Boost To Lift Shares
Dec 03TORM's (CPH:TRMD A) Solid Earnings May Rest On Weak Foundations
Nov 15TORM plc Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next
Nov 11TORM (CPH:TRMD A) Has A Pretty Healthy Balance Sheet
Sep 30We Think TORM (CPH:TRMD A) Might Have The DNA Of A Multi-Bagger
Sep 16TORM plc's (CPH:TRMD A) Intrinsic Value Is Potentially 58% Above Its Share Price
Jul 17Benign Growth For TORM plc (CPH:TRMD A) Underpins Its Share Price
Jun 11We 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 09Financial Position Analysis
Short Term Liabilities: TRMD A's short term assets ($517.7M) exceed its short term liabilities ($218.9M).
Long Term Liabilities: TRMD A's short term assets ($517.7M) do not cover its long term liabilities ($826.1M).
Debt to Equity History and Analysis
Debt Level: TRMD A's net debt to equity ratio (31.6%) is considered satisfactory.
Reducing Debt: TRMD A's debt to equity ratio has reduced from 74.8% to 41.3% over the past 5 years.
Debt Coverage: TRMD A's debt is well covered by operating cash flow (54.5%).
Interest Coverage: TRMD A's interest payments on its debt are well covered by EBIT (5.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/01 07:34 |
| End of Day Share Price | 2025/11/28 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TORM plc is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Marcus Bellander | Carnegie Investment Bank AB |
| Håvard Lie | Danske Bank |