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
No updates
Recent updates
TORM plc: Double-Digit Yields And Attractive Discount To NAV (Rating Upgrade)
Nov 1222% Yielding TORM: A Very Buyable Crash (Rating Upgrade)
Sep 16How Good Is TORM's 22% Yield?
Sep 07TORM: Still Making Cash, A 15% Yield, And More Room To Run
Jul 25TORM PLC: Check Out That 16% Forward Yield
May 17TORM Stock Is Still Cheap And Well Positioned
May 01TORM plc: A Luring Dividend Yield And Skewed Risk Reward (Rating Downgrade)
Mar 27My TORM Pick In 2021 Smoked All Big Tech Gains
Feb 13TORM: Still Great Value To Be Unlocked
Jan 10TORM: Further Increase In Charter Equivalent Rates Would Mean Higher Stock Price
Sep 07TORM goes ex-dividend tomorrow
Aug 30TORM GAAP EPS of $1.31, revenue of $338.5M
Aug 18Financial Position Analysis
Short Term Liabilities: TRMD's short term assets ($694.6M) exceed its short term liabilities ($280.8M).
Long Term Liabilities: TRMD's short term assets ($694.6M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: TRMD's net debt to equity ratio (38.6%) is considered satisfactory.
Reducing Debt: TRMD's debt to equity ratio has reduced from 78.1% to 58.9% over the past 5 years.
Debt Coverage: TRMD's debt is well covered by operating cash flow (75%).
Interest Coverage: TRMD's interest payments on its debt are well covered by EBIT (17.1x coverage).