TORM Balance Sheet Health
Financial Health criteria checks 5/6
TORM has a total shareholder equity of $2.0B and total debt of $1.2B, which brings its debt-to-equity ratio to 58.9%. Its total assets and total liabilities are $3.4B and $1.4B respectively. TORM's EBIT is $686.0M making its interest coverage ratio 17.1. It has cash and short-term investments of $414.3M.
Key information
58.9%
Debt to equity ratio
US$1.20b
Debt
| Interest coverage ratio | 17.1x |
| Cash | US$414.30m |
| Equity | US$2.04b |
| Total liabilities | US$1.37b |
| Total assets | US$3.41b |
Recent financial health updates
TORM (CPH:TRMD A) Has A Pretty Healthy Balance Sheet
Sep 30
Is TORM (CPH:TRMD A) Using Too Much Debt?
Feb 29TORM (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 18Recent updates
TORM'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 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 18Financial Position Analysis
Short Term Liabilities: TRMD A's short term assets ($694.6M) exceed its short term liabilities ($280.8M).
Long Term Liabilities: TRMD A's short term assets ($694.6M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: TRMD A's net debt to equity ratio (38.6%) is considered satisfactory.
Reducing Debt: TRMD A's debt to equity ratio has reduced from 78.1% to 58.9% over the past 5 years.
Debt Coverage: TRMD A's debt is well covered by operating cash flow (75%).
Interest Coverage: TRMD A's interest payments on its debt are well covered by EBIT (17.1x coverage).